>>> Join us to access robo analyses for over 16,000+ stocks! <<<
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 267.57 suggesting the next level of support is 244.61. The long-term uptrend has now turned neutral.
The stock has support at 244.61 and 226.42. If the stock breaks down through support at 244.61 then it will probably continue lower to 226.42. The stock will meet resistance at 249.16 and 267.57. If the stock breaks up through resistance at 249.16 then it will probably continue higher to 267.57. The 200-day moving average is at 249.16. This will also act as resistance. If the stock closes below 244.61 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 extremely oversold according to the Stochastic Indicator (20.99), so look for a possible rebound soon. Confirm this with the Short-Term Opinion and Daily Opinion to keep from exiting prematurely.”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<