APPLE INC. - 1H - Technical analysis published on 03/24/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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:
Neutral
De fond:
Bearish
Technical indicators
61%
0%
39%
My opinion
Bearish under 249.55 USD
My targets
232.07 USD (-2.43%)
218.47 USD (-8.15%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on APPLE INC.. As long as you are under the resistance located at 249.55 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 232.07 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 218.47 USD as an objective. Crossing it would then enable sellers to target 211.89 USD. If the resistance 249.55 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
FORCE
0
10
1.3
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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 237.84 USD. On the day, this instrument lost +6.00% and was between 234.30 USD and 243.44 USD. This implies that the price is at +1.51% from its lowest and at -2.30% from its highest.234.30
243.44
237.84
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
A study of price movements over other periods shows the following variations:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this 1H chart of APPLE INC. indicates that the overall trend is bearish. The signals given by moving averages are 75% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:
Bearish price crossover with adaptative moving average 20
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 193.43 | 211.89 | 232.07 | 237.84 | 259.45 | 279.93 | 308.69 |
| Change (%) | -18.67% | -10.91% | -2.43% | - | +9.09% | +17.70% | +29.79% |
| Change | -44.41 | -25.95 | -5.77 | - | +21.61 | +42.09 | +70.85 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 199.26 | 205.94 | 215.15 | 221.83 | 231.04 | 237.72 | 246.93 |
| Camarilla | 220.00 | 221.46 | 222.91 | 224.37 | 225.83 | 227.28 | 228.74 |
| Woodie | 200.54 | 206.57 | 216.43 | 222.46 | 232.32 | 238.35 | 248.21 |
| Fibonacci | 205.94 | 212.01 | 215.76 | 221.83 | 227.90 | 231.65 | 237.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 187.39 | 207.69 | 218.47 | 238.77 | 249.55 | 269.85 | 280.63 |
| Camarilla | 220.69 | 223.54 | 226.39 | 229.24 | 232.09 | 234.94 | 237.79 |
| Woodie | 182.62 | 205.31 | 213.70 | 236.39 | 244.78 | 267.47 | 275.86 |
| Fibonacci | 207.69 | 219.57 | 226.90 | 238.77 | 250.65 | 257.98 | 269.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.23 | 214.80 | 244.08 | 285.65 | 314.93 | 356.50 | 385.78 |
| Camarilla | 253.88 | 260.37 | 266.87 | 273.36 | 279.86 | 286.35 | 292.84 |
| Woodie | 167.09 | 211.73 | 237.94 | 282.58 | 308.79 | 353.43 | 379.64 |
| Fibonacci | 214.80 | 241.87 | 258.59 | 285.65 | 312.72 | 329.44 | 356.50 |
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): | 51.06 | |
| MACD (12,26,9): | -2.6100 | |
| Directional Movement: | 0.63 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 231.78 | |
| Parabolic SAR (0,02-0,02-0,2): | 214.42 | |
| Elder Ray (13): | 4.74 | |
| Super Trend (3,10): | 220.31 | |
| Zig ZAG (10): | 239.46 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 76.60 | |
| TEMA (21): | 233.70 | |
| Williams %R (14): | -24.32 | |
| Chande Momentum Oscillator (20): | 9.95 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2900 | |
| Courbe Coppock: | 6.99 |
| MA7: | 239.86 | |
| MA20: | 267.23 | |
| MA50: | 297.00 | |
| MA100: | 285.19 | |
| MAexp7: | 236.28 | |
| MAexp20: | 236.17 | |
| MAexp50: | 244.43 | |
| MAexp100: | 257.20 | |
| Price / MA7: | -0.84% | |
| Price / MA20: | -11.00% | |
| Price / MA50: | -19.92% | |
| Price / MA100: | -16.60% | |
| Price / MAexp7: | +0.66% | |
| Price / MAexp20: | +0.71% | |
| Price / MAexp50: | -2.70% | |
| Price / MAexp100: | -7.53% |
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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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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