APPLE INC. - Daily - Technical analysis published on 10/11/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 223.59 USD
My targets
232.07 USD (+0.86%)
My analysis
The bullish trend is currently very strong on APPLE INC.. As long as the price remains above the support at 223.59 USD, you could try to benefit from the boom. The first bullish objective is located at 232.07 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.6
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. price is 230.09 USD. On the day, this instrument gained +1.35% and was traded between 227.30 USD and 230.44 USD over the period. The price is currently at +1.23% from its lowest and -0.15% from its highest.227.30
230.44
230.09
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
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 (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of APPLE INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : Daily
Horizontal resistance is broken
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 193.27 | 212.01 | 223.59 | 230.09 | 232.07 |
| Change (%) | -16.00% | -7.86% | -2.82% | - | +0.86% |
| Change | -36.82 | -18.08 | -6.50 | - | +1.98 |
| Level | Minor | Major | Intermediate | - | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 223.70 | 224.67 | 225.85 | 226.82 | 228.00 | 228.97 | 230.15 |
| Camarilla | 226.44 | 226.64 | 226.83 | 227.03 | 227.23 | 227.42 | 227.62 |
| Woodie | 223.81 | 224.72 | 225.96 | 226.87 | 228.11 | 229.02 | 230.26 |
| Fibonacci | 224.67 | 225.49 | 226.00 | 226.82 | 227.64 | 228.15 | 228.97 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 205.60 | 210.37 | 218.69 | 223.45 | 231.78 | 236.54 | 244.86 |
| Camarilla | 223.41 | 224.61 | 225.81 | 227.01 | 228.21 | 229.41 | 230.61 |
| Woodie | 207.38 | 211.26 | 220.47 | 224.34 | 233.55 | 237.43 | 246.64 |
| Fibonacci | 210.37 | 215.37 | 218.45 | 223.45 | 228.45 | 231.54 | 236.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.80 | 196.01 | 209.99 | 218.20 | 232.18 | 240.39 | 254.37 |
| Camarilla | 217.87 | 219.90 | 221.94 | 223.97 | 226.00 | 228.04 | 230.07 |
| Woodie | 190.69 | 197.45 | 212.88 | 219.64 | 235.07 | 241.83 | 257.26 |
| Fibonacci | 196.01 | 204.49 | 209.72 | 218.20 | 226.68 | 231.91 | 240.39 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.33 | |
| MACD (12,26,9): | 3.7600 | |
| Directional Movement: | 13.96 | |
| AROON (14): | 35.71 | |
| DEMA (21): | 226.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 216.00 | |
| Elder Ray (13): | 4.91 | |
| Super Trend (3,10): | 215.83 | |
| Zig ZAG (10): | 230.09 | |
| VORTEX (21): | 1.0500 | |
| Stochastique (14,3,5): | 80.25 | |
| TEMA (21): | 227.65 | |
| Williams %R (14): | -2.29 | |
| Chande Momentum Oscillator (20): | 12.41 | |
| Repulse (5,40,3): | 1.0400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2300 | |
| Courbe Coppock: | 5.15 |
| MA7: | 225.05 | |
| MA20: | 222.04 | |
| MA50: | 213.38 | |
| MA100: | 204.80 | |
| MAexp7: | 225.97 | |
| MAexp20: | 222.01 | |
| MAexp50: | 215.47 | |
| MAexp100: | 208.32 | |
| Price / MA7: | +2.24% | |
| Price / MA20: | +3.63% | |
| Price / MA50: | +7.83% | |
| Price / MA100: | +12.35% | |
| Price / MAexp7: | +1.82% | |
| Price / MAexp20: | +3.64% | |
| Price / MAexp50: | +6.79% | |
| Price / MAexp100: | +10.45% |
News
The last news published on APPLE INC. at the time of the generation of this analysis 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.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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