APPLE INC. - Daily - Technical analysis published on 10/16/2019 (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 232.07 USD
My targets
240.39 USD (+2.15%)
254.37 USD (+8.10%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on APPLE INC. as long as the price remains well above 232.07 USD. The buyers” bullish objective is set at 240.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 254.37 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
FORCE
0
10
8.6
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This analysis was given by emerick. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. rating is 235.32 USD. The price registered a decrease of -0.23% on the session and was between 234.88 USD and 237.65 USD. This implies that the price is at +0.19% from its lowest and at -0.98% from its highest.234.88
237.65
235.32
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a 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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel 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:
White gravestone / inverted hammer
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 212.01 | 223.59 | 232.07 | 235.32 |
| Change (%) | -9.91% | -4.98% | -1.38% | - |
| Change | -23.31 | -11.73 | -3.25 | - |
| Level | Major | Minor | Intermediate | - |
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 | 230.85 | 232.76 | 234.32 | 236.23 | 237.78 | 239.69 | 241.24 |
| Camarilla | 234.92 | 235.24 | 235.55 | 235.87 | 236.19 | 236.51 | 236.82 |
| Woodie | 230.67 | 232.67 | 234.14 | 236.14 | 237.60 | 239.60 | 241.07 |
| Fibonacci | 232.76 | 234.08 | 234.90 | 236.23 | 237.55 | 238.37 | 239.69 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 214.50 | 219.42 | 227.81 | 232.73 | 241.12 | 246.04 | 254.43 |
| Camarilla | 232.55 | 233.77 | 234.99 | 236.21 | 237.43 | 238.65 | 239.87 |
| Woodie | 216.25 | 220.29 | 229.56 | 233.60 | 242.87 | 246.91 | 256.18 |
| Fibonacci | 219.42 | 224.50 | 227.64 | 232.73 | 237.81 | 240.95 | 246.04 |
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 the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 68.04 | |
| MACD (12,26,9): | 5.1400 | |
| Directional Movement: | 21.96 | |
| AROON (14): | 50.00 | |
| DEMA (21): | 232.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 219.47 | |
| Elder Ray (13): | 7.95 | |
| Super Trend (3,10): | 223.16 | |
| Zig ZAG (10): | 235.32 | |
| VORTEX (21): | 1.1000 | |
| Stochastique (14,3,5): | 90.52 | |
| TEMA (21): | 233.81 | |
| Williams %R (14): | -12.23 | |
| Chande Momentum Oscillator (20): | 16.50 | |
| Repulse (5,40,3): | 0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2700 | |
| Courbe Coppock: | 10.10 |
| MA7: | 230.85 | |
| MA20: | 224.45 | |
| MA50: | 215.41 | |
| MA100: | 206.38 | |
| MAexp7: | 231.60 | |
| MAexp20: | 225.58 | |
| MAexp50: | 217.77 | |
| MAexp100: | 209.88 | |
| Price / MA7: | +1.94% | |
| Price / MA20: | +4.84% | |
| Price / MA50: | +9.24% | |
| Price / MA100: | +14.02% | |
| Price / MAexp7: | +1.61% | |
| Price / MAexp20: | +4.32% | |
| Price / MAexp50: | +8.06% | |
| Price / MAexp100: | +12.12% |
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.
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