APPLE INC.
APPLE INC.
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: AAPL
ISIN:

APPLE INC. - Daily - Technical analysis published on 08/20/2023 (GMT)

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  • Timeframe : Daily
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Summary of the analysis

Trends
Short term: Strongly bearish
Underlying: Bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 180.19 USD
My targets
171.43 USD (-1.75%)
144.97 USD (-16.92%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on APPLE INC. as long as the price remains well below 180.19 USD. The sellers' bearish objective is set at 171.43 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 144.97 USD. In case of crossing, the next objective would be the support located at 134.49 USD.

Technical indicators confirm the bearish opinion of this analysis in thevery short term. However, be careful of excessive bearish movements. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to small rebounds in the opposite direction.
Force
0
10
5.2

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This analysis was given by SnInvest. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

The APPLE INC. price is 174.49 USD. The price registered an increase of +0.28% on the session and was traded between 171.96 USD and 175.10 USD over the period. The price is currently at +1.47% from its lowest and -0.35% from its highest.

171.96
175.10
174.49

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Central Gaps

Opening Gap DOWN

Type : Bearish

Timeframe : Openning



Here is a more detailed summary of the historical variations registered by APPLE INC.:
The Central Records scanner, which identifies the highest / lowest, has detected an element:

Central Records

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of APPLE INC. in Daily shows an overall bearish trend. 67.86% of the signals given by moving averages are bearish. This bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further decline is moderate given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is oversold : under 30

Type : Neutral

Timeframe : Daily


RSI indicator: bullish divergence

Type : Bullish

Timeframe : Daily


Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Central Indicators

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly



An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : Daily



The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.


ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 134.49 144.97 171.43 174.49 180.19 196.19
Change (%) -22.92% -16.92% -1.75% - +3.27% +12.44%
Change -40.00 -29.52 -3.06 - +5.70 +21.70
Level Minor Intermediate Major - Major Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard169.46170.71172.60173.85175.74176.99178.88
Camarilla173.63173.91174.20174.49174.78175.07175.35
Woodie169.78170.87172.92174.01176.06177.15179.20
Fibonacci170.71171.91172.65173.85175.05175.79176.99


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard163.34167.65171.07175.38178.80183.11186.53
Camarilla172.36173.07173.78174.49175.20175.91176.62
Woodie162.90167.43170.63175.16178.36182.89186.09
Fibonacci167.65170.60172.43175.38178.33180.16183.11


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard177.43181.89189.04193.50200.65205.11212.26
Camarilla193.00194.06195.13196.19197.25198.32199.38
Woodie178.78182.56190.39194.17202.00205.78213.61
Fibonacci181.89186.33189.07193.50197.94200.68205.11

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 29.08
MACD (12,26,9): -3.8400
Directional Movement: -23.22
AROON (14): -92.86
DEMA (21): 177.97
Parabolic SAR (0,02-0,02-0,2): 182.87
Elder Ray (13): -6.31
Super Trend (3,10): 183.06
Zig ZAG (10): 174.49
VORTEX (21): 0.7200
Stochastique (14,3,5): 4.31
TEMA (21): 173.67
Williams %R (14): -89.67
Chande Momentum Oscillator (20): -17.83
Repulse (5,40,3): -0.7900
ROCnROLL: 2
TRIX (15,9): -0.1900
Courbe Coppock: 17.78
MA7: 176.78
MA20: 184.94
MA50: 186.91
MA100: 178.03
MAexp7: 176.95
MAexp20: 182.15
MAexp50: 183.26
MAexp100: 177.59
Price / MA7: -1.30%
Price / MA20: -5.65%
Price / MA50: -6.64%
Price / MA100: -1.99%
Price / MAexp7: -1.39%
Price / MAexp20: -4.21%
Price / MAexp50: -4.79%
Price / MAexp100: -1.75%

Quotes : - 15 min delayed data - NASDAQ Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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