APPLE INC. - 1H - Technical analysis published on 02/13/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
78%
11%
My opinion
Bearish under 187.11 USD
My targets
179.72 USD (-2.41%)
173.59 USD (-5.73%)
My analysis
The bearish trend is currently very strong for APPLE INC.. As long as the price remains below the resistance at 187.11 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 179.72 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 173.59 USD as an objective. Crossing it would then enable sellers to target 166.46 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
8.2
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This analysis was given by Clay707. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. price is 184.15 USD. The price registered a decrease of -1.60% on the session with the lowest point at 184.11 USD and the highest point at 186.21 USD. The deviation from the price is +0.02% for the low point and -1.11% for the high point.184.11
186.21
184.15
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APPLE INC.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of APPLE INC. in 1H shows a overall strongly bearish trend. The signals given by moving averages are 92.86% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The probability of a further decline is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : 1 hour
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 1 hour
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 166.46 | 173.59 | 179.72 | 184.15 | 184.16 | 187.11 | 189.18 |
| Change (%) | -9.61% | -5.73% | -2.41% | - | +0.01% | +1.61% | +2.73% |
| Change | -17.69 | -10.56 | -4.43 | - | +0.01 | +2.96 | +5.03 |
| Level | Major | Minor | Major | - | Major | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 184.52 | 185.66 | 186.40 | 187.54 | 188.28 | 189.42 | 190.16 |
| Camarilla | 186.63 | 186.81 | 186.98 | 187.15 | 187.32 | 187.50 | 187.67 |
| Woodie | 184.33 | 185.56 | 186.21 | 187.44 | 188.09 | 189.32 | 189.97 |
| Fibonacci | 185.66 | 186.38 | 186.82 | 187.54 | 188.26 | 188.70 | 189.42 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 180.82 | 183.21 | 186.03 | 188.42 | 191.24 | 193.63 | 196.45 |
| Camarilla | 187.42 | 187.90 | 188.37 | 188.85 | 189.33 | 189.81 | 190.28 |
| Woodie | 181.04 | 183.32 | 186.25 | 188.53 | 191.46 | 193.74 | 196.67 |
| Fibonacci | 183.21 | 185.20 | 186.43 | 188.42 | 190.41 | 191.64 | 193.63 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 161.17 | 170.55 | 177.36 | 186.74 | 193.55 | 202.93 | 209.74 |
| Camarilla | 179.71 | 181.19 | 182.68 | 184.16 | 185.64 | 187.13 | 188.61 |
| Woodie | 159.88 | 169.91 | 176.07 | 186.10 | 192.26 | 202.29 | 208.45 |
| Fibonacci | 170.55 | 176.74 | 180.56 | 186.74 | 192.93 | 196.75 | 202.93 |
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): | 28.49 | |
| MACD (12,26,9): | -0.9000 | |
| Directional Movement: | -26.11 | |
| AROON (14): | -64.29 | |
| DEMA (21): | 185.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.69 | |
| Elder Ray (13): | -1.66 | |
| Super Trend (3,10): | 187.33 | |
| Zig ZAG (10): | 184.47 | |
| VORTEX (21): | 0.8000 | |
| Stochastique (14,3,5): | 13.88 | |
| TEMA (21): | 185.01 | |
| Williams %R (14): | -92.47 | |
| Chande Momentum Oscillator (20): | -3.47 | |
| Repulse (5,40,3): | -0.5400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 3.46 |
| MA7: | 187.75 | |
| MA20: | 189.04 | |
| MA50: | 190.10 | |
| MA100: | 184.40 | |
| MAexp7: | 185.49 | |
| MAexp20: | 186.78 | |
| MAexp50: | 187.56 | |
| MAexp100: | 188.10 | |
| Price / MA7: | -1.92% | |
| Price / MA20: | -2.59% | |
| Price / MA50: | -3.13% | |
| Price / MA100: | -0.14% | |
| Price / MAexp7: | -0.72% | |
| Price / MAexp20: | -1.41% | |
| Price / MAexp50: | -1.82% | |
| Price / MAexp100: | -2.10% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
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.
About author
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