APPLE INC. - 1H - Technical analysis published on 07/22/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 226.75 USD
My targets
220.22 USD (-1.81%)
216.67 USD (-3.40%)
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 226.75 USD. The sellers' bearish objective is set at 220.22 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 216.67 USD. In case of crossing, the next objective would be the support located at 206.59 USD.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
Force
0
10
4.5
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. rating is 224.29 USD. The price registered a decrease of -0.01% on the session and was between 223.09 USD and 227.78 USD. This implies that the price is at +0.54% from its lowest and at -1.53% from its highest.223.09
227.78
224.29
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by APPLE INC.:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this APPLE INC. chart shows a bearish trend. 71.43% 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. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 7 are neutral and 7 are bearish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Bearish doji star
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 206.59 | 216.67 | 220.22 | 224.29 | 226.75 | 233.08 | 237.23 |
| Change (%) | -7.89% | -3.40% | -1.81% | - | +1.10% | +3.92% | +5.77% |
| Change | -17.70 | -7.62 | -4.07 | - | +2.46 | +8.79 | +12.94 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Intermediate |
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 | 219.26 | 221.26 | 222.79 | 224.79 | 226.32 | 228.32 | 229.85 |
| Camarilla | 223.34 | 223.66 | 223.99 | 224.31 | 224.63 | 224.96 | 225.28 |
| Woodie | 219.02 | 221.14 | 222.55 | 224.67 | 226.08 | 228.20 | 229.61 |
| Fibonacci | 221.26 | 222.61 | 223.45 | 224.79 | 226.14 | 226.98 | 228.32 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 203.68 | 212.98 | 218.64 | 227.94 | 233.60 | 242.90 | 248.56 |
| Camarilla | 220.20 | 221.57 | 222.94 | 224.31 | 225.68 | 227.05 | 228.42 |
| Woodie | 201.87 | 212.07 | 216.83 | 227.03 | 231.79 | 241.99 | 246.75 |
| Fibonacci | 212.98 | 218.69 | 222.22 | 227.94 | 233.65 | 237.18 | 242.90 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 167.06 | 179.61 | 195.11 | 207.66 | 223.16 | 235.71 | 251.21 |
| Camarilla | 202.91 | 205.48 | 208.05 | 210.62 | 213.19 | 215.76 | 218.33 |
| Woodie | 168.55 | 180.35 | 196.60 | 208.40 | 224.65 | 236.45 | 252.70 |
| Fibonacci | 179.61 | 190.32 | 196.94 | 207.66 | 218.37 | 224.99 | 235.71 |
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): | 40.81 | |
| MACD (12,26,9): | -1.2800 | |
| Directional Movement: | -10.09 | |
| AROON (14): | -14.29 | |
| DEMA (21): | 223.93 | |
| Parabolic SAR (0,02-0,02-0,2): | 227.59 | |
| Elder Ray (13): | -0.84 | |
| Super Trend (3,10): | 229.64 | |
| Zig ZAG (10): | 224.05 | |
| VORTEX (21): | 0.8700 | |
| Stochastique (14,3,5): | 26.05 | |
| TEMA (21): | 223.51 | |
| Williams %R (14): | -78.89 | |
| Chande Momentum Oscillator (20): | -0.04 | |
| Repulse (5,40,3): | -0.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.1000 | |
| Courbe Coppock: | 0.76 |
| MA7: | 228.77 | |
| MA20: | 222.93 | |
| MA50: | 206.96 | |
| MA100: | 189.56 | |
| MAexp7: | 224.67 | |
| MAexp20: | 225.74 | |
| MAexp50: | 227.15 | |
| MAexp100: | 225.07 | |
| Price / MA7: | -1.96% | |
| Price / MA20: | +0.61% | |
| Price / MA50: | +8.37% | |
| Price / MA100: | +18.32% | |
| Price / MAexp7: | -0.17% | |
| Price / MAexp20: | -0.64% | |
| Price / MAexp50: | -1.26% | |
| Price / MAexp100: | -0.35% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The latest news and videos published on APPLE INC. at the time of the analysis were as follows:
- Summary Notice of Pendency and Proposed Settlement of Shareholder Derivative Actions
-
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
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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