APPLE INC. - Weekly - Technical analysis published on 01/06/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
39%
28%
33%
My opinion
Bullish above 154.68 USD
My targets
195.93 USD (+8.14%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 154.68 USD remains possible. It is advisable to trade APPLE INC. with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 154.68 USD. The next bullish objective for buyers is set at 195.93 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 154.68 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
3.6
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This analysis was given by Olegs. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. price is 181.18 USD. The price is lower by -5.90% over the 5 days and has been traded over the last 5 days between 180.17 USD and 188.44 USD. This implies that the 5 day price is +0.56% from its lowest point and -3.85% from its highest point.180.17
188.44
181.18
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
New LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Weekly of this APPLE INC. chart shows a bullish trend. The signals given by moving averages are 75.00% bullish. This bullish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:
Bearish price crossover with Moving Average 20
Type : Bearish
Timeframe : Weekly
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : Weekly
In fact, of the 18 technical indicators analysed by Central Analyzer, 7 are bullish, 6 are neutral and 5 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Pivot points : price is under support 3
Type : Neutral
Timeframe : Weekly
RSI indicator is back under 50
Type : Bearish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : Weekly
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 124.33 | 154.68 | 179.95 | 181.18 | 195.93 |
| Change (%) | -31.38% | -14.63% | -0.68% | - | +8.14% |
| Change | -56.85 | -26.50 | -1.23 | - | +14.75 |
| Level | Major | Minor | Major | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.39 | 178.78 | 179.98 | 181.37 | 182.57 | 183.96 | 185.16 |
| Camarilla | 180.47 | 180.71 | 180.94 | 181.18 | 181.42 | 181.66 | 181.89 |
| Woodie | 177.30 | 178.73 | 179.89 | 181.32 | 182.48 | 183.91 | 185.07 |
| Fibonacci | 178.78 | 179.77 | 180.38 | 181.37 | 182.36 | 182.97 | 183.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.29 | 189.19 | 190.86 | 192.76 | 194.43 | 196.33 | 198.00 |
| Camarilla | 191.55 | 191.88 | 192.20 | 192.53 | 192.86 | 193.19 | 193.51 |
| Woodie | 187.18 | 189.13 | 190.75 | 192.70 | 194.32 | 196.27 | 197.89 |
| Fibonacci | 189.19 | 190.55 | 191.40 | 192.76 | 194.12 | 194.97 | 196.33 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 174.61 | 181.03 | 186.78 | 193.20 | 198.95 | 205.37 | 211.12 |
| Camarilla | 189.18 | 190.30 | 191.41 | 192.53 | 193.65 | 194.76 | 195.88 |
| Woodie | 174.28 | 180.86 | 186.45 | 193.03 | 198.62 | 205.20 | 210.79 |
| Fibonacci | 181.03 | 185.68 | 188.55 | 193.20 | 197.85 | 200.72 | 205.37 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 48.74 | |
| MACD (12,26,9): | 4.3700 | |
| Directional Movement: | -0.10 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 190.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.48 | |
| Elder Ray (13): | -2.71 | |
| Super Trend (3,10): | 173.54 | |
| Zig ZAG (10): | 181.18 | |
| VORTEX (21): | 1.0300 | |
| Stochastique (14,3,5): | 69.22 | |
| TEMA (21): | 190.55 | |
| Williams %R (14): | -53.97 | |
| Chande Momentum Oscillator (20): | 2.57 | |
| Repulse (5,40,3): | -3.4200 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.3300 | |
| Courbe Coppock: | 16.08 |
| MA7: | 187.46 | |
| MA20: | 192.64 | |
| MA50: | 187.34 | |
| MA100: | 182.22 | |
| MAexp7: | 188.85 | |
| MAexp20: | 184.83 | |
| MAexp50: | 175.98 | |
| MAexp100: | 163.76 | |
| Price / MA7: | -3.35% | |
| Price / MA20: | -5.95% | |
| Price / MA50: | -3.29% | |
| Price / MA100: | -0.57% | |
| Price / MAexp7: | -4.06% | |
| Price / MAexp20: | -1.97% | |
| Price / MAexp50: | +2.95% | |
| Price / MAexp100: | +10.64% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on APPLE INC.. At the time of publication of this analysis, the latest news was as follows:
-
Apple $32 Fined Million For Infringing Qualcomm Patents
-
Apple Infringed Three Qualcomm Patents
- Qualcomm Wins Patent Infringement Case Against Apple in San Diego
-
Apple Is Holding A Big Event This Month
-
Spotify Vs Apple
This member declared not having a position on this financial instrument or a related financial instrument.
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