>>> 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 above its 200-day moving average which implies it is in a positive trend. However, the stock has broken through an important trendline at 263.30 suggesting the next level of support is 246.28. The long-term uptrend has now turned neutral.
The stock has support at 246.28 and 226.42. If the stock breaks down through support at 246.28 then it will probably continue lower to 226.42. The stock will meet resistance at 256.29 and 285.25. If the stock breaks up through resistance at 256.29 then it will probably continue higher to 285.25. The 200-day moving average is at 246.28. This will also act as support. If the stock closes below 241.34 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 (30.16).”
>>> Join us to access robo analyses for over 16,000+ stocks! <<<