APPLE INC. - 1H - Technical analysis published on 10/16/2023 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
28%
33%
39%
My opinion
Bullish above 173.56 USD
My targets
180.19 USD (+1.17%)
182.34 USD (+2.38%)
My analysis
With a bullish background trend, the price of APPLE INC. is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at 173.56 USD. A bullish break in the resistance located at 180.19 USD would boost the bullish momentum and fuel the basic trend. Then the price could move towards 182.34 USD. Then 189.70 USD by extension. It would be safer to wait for a bullish break in the resistance located at 180.19 USD before allowing yourself to re trade long positions (at purchase) on APPLE INC.. PS: if there is a bearish break in the support located at 173.56 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.3
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Additional analysis
Quotes
The APPLE INC. price is 178.10 USD. The price is lower by -0.42% since the last closing and was between 176.51 USD and 179.07 USD. This implies that the price is at +0.90% from its lowest and at -0.54% from its highest.176.51
179.07
178.10
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of APPLE INC. in 1H shows an overall bullish trend. 67.86% of the signals given by moving averages are bullish. Caution: the slightly bearish signals currently being given by short-term moving averages indicate that this bullish trend may be running out of steam. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:
Bullish trend reversal : adaptative moving average 50
Type : Bullish
Timeframe : 1 hour
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 5 are bullish, 7 are neutral and 6 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
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
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:
White hanging man / hammer
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 170.43 | 173.56 | 177.55 | 178.10 | 180.19 | 182.34 | 189.70 |
| Change (%) | -4.31% | -2.55% | -0.31% | - | +1.17% | +2.38% | +6.51% |
| Change | -7.67 | -4.54 | -0.55 | - | +2.09 | +4.24 | +11.60 |
| Level | Major | Major | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.56 | 175.85 | 177.35 | 179.64 | 181.14 | 183.43 | 184.93 |
| Camarilla | 177.81 | 178.16 | 178.50 | 178.85 | 179.20 | 179.55 | 179.89 |
| Woodie | 173.17 | 175.65 | 176.96 | 179.44 | 180.75 | 183.23 | 184.54 |
| Fibonacci | 175.85 | 177.30 | 178.19 | 179.64 | 181.09 | 181.98 | 183.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 169.11 | 172.46 | 175.65 | 179.00 | 182.19 | 185.54 | 188.73 |
| Camarilla | 177.05 | 177.65 | 178.25 | 178.85 | 179.45 | 180.05 | 180.65 |
| Woodie | 169.04 | 172.42 | 175.58 | 178.96 | 182.12 | 185.50 | 188.66 |
| Fibonacci | 172.46 | 174.96 | 176.50 | 179.00 | 181.50 | 183.04 | 185.54 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 140.20 | 153.91 | 162.56 | 176.27 | 184.92 | 198.63 | 207.28 |
| Camarilla | 165.06 | 167.11 | 169.16 | 171.21 | 173.26 | 175.31 | 177.36 |
| Woodie | 137.67 | 152.65 | 160.03 | 175.01 | 182.39 | 197.37 | 204.75 |
| Fibonacci | 153.91 | 162.45 | 167.73 | 176.27 | 184.81 | 190.09 | 198.63 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 46.14 | |
| MACD (12,26,9): | -0.1900 | |
| Directional Movement: | -13.40 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 178.80 | |
| Parabolic SAR (0,02-0,02-0,2): | 179.59 | |
| Elder Ray (13): | -0.60 | |
| Super Trend (3,10): | 181.09 | |
| Zig ZAG (10): | 178.21 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 26.85 | |
| TEMA (21): | 177.98 | |
| Williams %R (14): | -66.61 | |
| Chande Momentum Oscillator (20): | -2.87 | |
| Repulse (5,40,3): | 0.5800 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 2.65 |
| MA7: | 178.93 | |
| MA20: | 175.54 | |
| MA50: | 177.80 | |
| MA100: | 182.32 | |
| MAexp7: | 178.33 | |
| MAexp20: | 178.84 | |
| MAexp50: | 178.09 | |
| MAexp100: | 177.11 | |
| Price / MA7: | -0.46% | |
| Price / MA20: | +1.46% | |
| Price / MA50: | +0.17% | |
| Price / MA100: | -2.31% | |
| Price / MAexp7: | -0.13% | |
| Price / MAexp20: | -0.41% | |
| Price / MAexp50: | +0.01% | |
| Price / MAexp100: | +0.56% |
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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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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