$AAPL Apple Inc Stock Robo Analyst February 29 2020 #AAPL
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 recently broken through an important trendline at 276.53 suggesting the next support level is at 268.00. This weakness suggests the long-term trend is turning neutral.
The stock has support at 268.00 and 241.83. If the stock breaks down through support at 268.00 then it will probably continue lower to 241.83. The stock will meet resistance at 276.53 and 302.22. If the stock breaks up through resistance at 276.53 then it will probably continue higher to 302.22. The 200-day moving average is at 241.83. This will also act as support. The stock is slightly oversold according to the Stochastic Indicator (25.26).”