APPLE INC. - Daily - Technical analysis published on 08/20/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
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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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.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APPLE INC.:
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:
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
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:
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
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 169.46 | 170.71 | 172.60 | 173.85 | 175.74 | 176.99 | 178.88 |
| Camarilla | 173.63 | 173.91 | 174.20 | 174.49 | 174.78 | 175.07 | 175.35 |
| Woodie | 169.78 | 170.87 | 172.92 | 174.01 | 176.06 | 177.15 | 179.20 |
| Fibonacci | 170.71 | 171.91 | 172.65 | 173.85 | 175.05 | 175.79 | 176.99 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 163.34 | 167.65 | 171.07 | 175.38 | 178.80 | 183.11 | 186.53 |
| Camarilla | 172.36 | 173.07 | 173.78 | 174.49 | 175.20 | 175.91 | 176.62 |
| Woodie | 162.90 | 167.43 | 170.63 | 175.16 | 178.36 | 182.89 | 186.09 |
| Fibonacci | 167.65 | 170.60 | 172.43 | 175.38 | 178.33 | 180.16 | 183.11 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 177.43 | 181.89 | 189.04 | 193.50 | 200.65 | 205.11 | 212.26 |
| Camarilla | 193.00 | 194.06 | 195.13 | 196.19 | 197.25 | 198.32 | 199.38 |
| Woodie | 178.78 | 182.56 | 190.39 | 194.17 | 202.00 | 205.78 | 213.61 |
| Fibonacci | 181.89 | 186.33 | 189.07 | 193.50 | 197.94 | 200.68 | 205.11 |
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 :
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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.
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