$AAPL Apple Inc Stock Robo Analyst March 30 2020 #AAPL
Apple Inc (AAPL) “On a long-term technical basis, the stock (AAPL) is trading below its 200-day moving average which implies it is in a negative trend. However, the stock has broken through an important trendline at 268.52 suggesting the next level of support is 245.33. The long-term uptrend has now turned neutral.
The stock has support at 245.33 and 226.42. If the stock breaks down through support at 245.33 then it will probably continue lower to 226.42. The stock will meet resistance at 249.74 and 268.00. If the stock breaks up through resistance at 249.74 then it will probably continue higher to 268.00. The 200-day moving average is at 249.74. This will also act as resistance. If the stock closes below 245.33 a negative trend change is probable. Look for the stock to fall to the level where it started prior to the latest big upmove. The stock is slightly oversold according to the Stochastic Indicator (31.35).”