APPLE INC. - Weekly - Technical analysis published on 10/10/2024 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
6%
44%
My opinion
Bullish above 206.99 USD
My targets
239.42 USD (+4.30%)
245.84 USD (+7.10%)
My analysis
The bullish trend is currently very strong on APPLE INC.. As long as the price remains above the support at 206.99 USD, you could try to benefit from the boom. The first bullish objective is located at 239.42 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 245.84 USD as an objective. Crossing it would then enable buyers to target 258.59 USD. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
7.5
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This analysis was given by Jaber300. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
APPLE INC. rating 229.54 USD. The price registered an increase of +1.72% over 5 days with the lowest point at 221.33 USD and the highest point at 229.75 USD. The deviation from the price is +3.71% for the low point and -0.09% for the high point.221.33
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
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 (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
A technical analysis in Weekly of this APPLE INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 165.56 | 179.27 | 206.99 | 229.54 | 234.55 |
| Change (%) | -27.87% | -21.90% | -9.82% | - | +2.18% |
| Change | -63.98 | -50.27 | -22.55 | - | +5.01 |
| Level | Major | Major | Intermediate | - | Major |
Attention could also be paid to pivot points to set price objectives:
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 is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 64.68 | |
| MACD (12,26,9): | 9.9400 | |
| Directional Movement: | 12.63 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 230.81 | |
| Parabolic SAR (0,02-0,02-0,2): | 197.96 | |
| Elder Ray (13): | 2.89 | |
| Super Trend (3,10): | 197.44 | |
| Zig ZAG (10): | 229.54 | |
| VORTEX (21): | 1.1400 | |
| Stochastique (14,3,5): | 78.35 | |
| TEMA (21): | 233.62 | |
| Williams %R (14): | -18.01 | |
| Chande Momentum Oscillator (20): | 5.49 | |
| Repulse (5,40,3): | 5.2900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.7800 | |
| Courbe Coppock: | 15.19 |
| MA7: | 226.07 | |
| MA20: | 225.36 | |
| MA50: | 223.08 | |
| MA100: | 216.85 | |
| MAexp7: | 226.40 | |
| MAexp20: | 217.46 | |
| MAexp50: | 201.58 | |
| MAexp100: | 185.62 | |
| Price / MA7: | +1.53% | |
| Price / MA20: | +1.85% | |
| Price / MA50: | +2.90% | |
| Price / MA100: | +5.85% | |
| Price / MAexp7: | +1.39% | |
| Price / MAexp20: | +5.56% | |
| Price / MAexp50: | +13.87% | |
| Price / MAexp100: | +23.66% |
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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