APPLE INC. - 1H - Technical analysis published on 10/29/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Strongly bullish
Technical indicators
61%
6%
33%
My opinion
Bullish above 227.84 USD
My targets
234.55 USD (+0.54%)
237.49 USD (+1.80%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on APPLE INC. as long as the price remains well above 227.84 USD. The buyers' bullish objective is set at 234.55 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 237.49 USD. Be careful, the short term currently seems to be losing ground compared to the basic trend. Longer time units should be analysed to identify possible overbought items that could be a sign of a possible short-term correction.
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
6.4
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
APPLE INC. rating 233.28 USD. The price registered a decrease of -0.05% on the session with the lowest point at 232.32 USD and the highest point at 234.07 USD. The deviation from the price is +0.41% for the low point and -0.34% for the high point.232.32
234.07
233.28
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
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 APPLE INC. in 1H shows a strongly overall bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : Moving Average 50
Type : Bearish
Timeframe : 1 hour
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : 1 hour
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found no further results concerning independent technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 224.02 | 227.84 | 233.03 | 233.28 | 234.55 | 237.49 |
| Change (%) | -3.97% | -2.33% | -0.11% | - | +0.54% | +1.80% |
| Change | -9.26 | -5.44 | -0.25 | - | +1.27 | +4.21 |
| Level | Minor | Intermediate | Intermediate | - | Major | 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 | 230.21 | 231.38 | 232.39 | 233.56 | 234.57 | 235.74 | 236.75 |
| Camarilla | 232.80 | 233.00 | 233.20 | 233.40 | 233.60 | 233.80 | 234.00 |
| Woodie | 230.13 | 231.34 | 232.31 | 233.52 | 234.49 | 235.70 | 236.67 |
| Fibonacci | 231.38 | 232.21 | 232.73 | 233.56 | 234.39 | 234.91 | 235.74 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 218.07 | 222.92 | 227.16 | 232.01 | 236.25 | 241.10 | 245.34 |
| Camarilla | 228.91 | 229.74 | 230.58 | 231.41 | 232.24 | 233.08 | 233.91 |
| Woodie | 217.78 | 222.77 | 226.87 | 231.86 | 235.96 | 240.95 | 245.05 |
| Fibonacci | 222.92 | 226.39 | 228.53 | 232.01 | 235.48 | 237.62 | 241.10 |
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): | 53.67 | |
| MACD (12,26,9): | 0.4100 | |
| Directional Movement: | 1.61 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 233.14 | |
| Parabolic SAR (0,02-0,02-0,2): | 231.92 | |
| Elder Ray (13): | 0.41 | |
| Super Trend (3,10): | 230.42 | |
| Zig ZAG (10): | 233.40 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 83.01 | |
| TEMA (21): | 233.73 | |
| Williams %R (14): | -25.78 | |
| Chande Momentum Oscillator (20): | 0.56 | |
| Repulse (5,40,3): | -0.1700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 2.53 |
| MA7: | 233.35 | |
| MA20: | 230.08 | |
| MA50: | 226.95 | |
| MA100: | 222.17 | |
| MAexp7: | 233.51 | |
| MAexp20: | 232.79 | |
| MAexp50: | 232.49 | |
| MAexp100: | 231.39 | |
| Price / MA7: | -0.03% | |
| Price / MA20: | +1.39% | |
| Price / MA50: | +2.79% | |
| Price / MA100: | +5.00% | |
| Price / MAexp7: | -0.10% | |
| Price / MAexp20: | +0.21% | |
| Price / MAexp50: | +0.34% | |
| Price / MAexp100: | +0.82% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
News
The last news published on APPLE INC. at the time of the generation of this analysis 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.
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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