APPLE INC. - Daily - Technical analysis published on 10/10/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
17%
33%
My opinion
Bullish above 216.34 USD
My targets
234.55 USD (+2.18%)
My analysis
The bullish trend is currently very strong on APPLE INC.. As long as the price remains above the support at 216.34 USD, you could try to benefit from the boom. The first bullish objective is located at 234.55 USD. The bullish momentum would be boosted by a break in this resistance. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.1
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The APPLE INC. rating is 229.54 USD. The price registered an increase of +1.67% on the session and was between 224.83 USD and 229.75 USD. This implies that the price is at +2.09% from its lowest and at -0.09% from its highest.224.83
229.75
229.54
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
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 LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of APPLE INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from 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 increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 194.44 | 206.99 | 216.34 | 229.54 | 234.55 |
| Change (%) | -15.29% | -9.82% | -5.75% | - | +2.18% |
| Change | -35.10 | -22.55 | -13.20 | - | +5.01 |
| Level | Minor | Intermediate | Major | - | 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 | 221.41 | 223.12 | 226.33 | 228.04 | 231.25 | 232.96 | 236.17 |
| Camarilla | 228.19 | 228.64 | 229.09 | 229.54 | 229.99 | 230.44 | 230.89 |
| Woodie | 222.16 | 223.50 | 227.08 | 228.42 | 232.00 | 233.34 | 236.92 |
| Fibonacci | 223.12 | 225.00 | 226.16 | 228.04 | 229.92 | 231.08 | 232.96 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 212.23 | 217.63 | 222.21 | 227.61 | 232.19 | 237.59 | 242.17 |
| Camarilla | 224.06 | 224.97 | 225.89 | 226.80 | 227.72 | 228.63 | 229.55 |
| Woodie | 211.83 | 217.43 | 221.81 | 227.41 | 231.79 | 237.39 | 241.77 |
| Fibonacci | 217.63 | 221.44 | 223.79 | 227.61 | 231.42 | 233.77 | 237.59 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 201.08 | 207.50 | 220.25 | 226.67 | 239.42 | 245.84 | 258.59 |
| Camarilla | 227.73 | 229.49 | 231.24 | 233.00 | 234.76 | 236.52 | 238.27 |
| Woodie | 204.25 | 209.08 | 223.42 | 228.25 | 242.59 | 247.42 | 261.76 |
| Fibonacci | 207.50 | 214.82 | 219.35 | 226.67 | 233.99 | 238.52 | 245.84 |
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): | 56.37 | |
| MACD (12,26,9): | 1.0400 | |
| Directional Movement: | 4.16 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 227.17 | |
| Parabolic SAR (0,02-0,02-0,2): | 221.33 | |
| Elder Ray (13): | 1.02 | |
| Super Trend (3,10): | 217.95 | |
| Zig ZAG (10): | 229.54 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 44.75 | |
| TEMA (21): | 227.10 | |
| Williams %R (14): | -30.19 | |
| Chande Momentum Oscillator (20): | 3.07 | |
| Repulse (5,40,3): | 2.7200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0700 | |
| Courbe Coppock: | 3.27 |
| MA7: | 226.07 | |
| MA20: | 225.36 | |
| MA50: | 223.08 | |
| MA100: | 216.85 | |
| MAexp7: | 226.63 | |
| MAexp20: | 225.76 | |
| MAexp50: | 222.79 | |
| MAexp100: | 215.38 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +5.85% | |
| Price / MAexp7: | +1.28% | |
| Price / MAexp20: | +1.67% | |
| Price / MAexp50: | +3.03% | |
| Price / MAexp100: | +6.57% |
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:
- 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.
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