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- 1 AAPL stock price decreased by 2.38% over the past week the current volume is below average.
- 2 Apple Inc. ( NASDAQ: AAPL) stock’s 52-week price range is $170 – $198.
Apple stock has underperformed in the last month, fallen by 7.99%, and rose by 15.90% in the last six months. Apple Inc. (NASDAQ: AAPL) stock has a positive year-to-date return of 35.53% and a positive one-year return of 2.19%. The average volume is 56.349 Million and the current volume is 46.945 Million where the current volume is below average volume.
Moreover, the market capitalization of AAPL stock is $2.761 Trillion and the total revenue is $394.328 Billion. Moreover, the stock’s basic EPS is $5.98 and the price-to-earnings ratio is 29.82. Apple Inc. (AAPL) stock has a debt-to-equity ratio of 181.3%, as reported by Simply Wall St, a financial analysis website. This highlights that it has more debt than equity, which is the difference between its total liabilities of $274.76 Billion and total assets of $335.04 Billion. Apple stock’s debt is $109.28 Billion, while its equity is $60.27 Billion.
AAPL Stock Price Technical Analysis in 1-D Timeframe
The price action shows that Apple Platforms Inc. ( NASDAQ: AAPL) stock price was earlier in the uptrend and was following the channel, recently it violated the uptrend and took resistance at $196.49 and has been on a declining trend after the breakdown from the trendline by making lower highs and lower lows.
At the time of writing, Apple stock (AAPL) is trading at around $176 and facing nearest resistance around $182 and declining.
Therefore, if the AAPL stock fails to sustain the current level and drops, it might smash the nearest support levels of $174 and $170.
However, if it maintains the current level, the AAPL stock prices could continue to move upward and reach the first and second resistances of $182 and $187.
At the time of publishing, Apple Inc. (NASDAQ: AAPL) is trading below the major 20, and 50-day EMA (exponential moving averages), which rejects the Apple price (AAPL) trend.
Furthermore, 100, and 200-day EMA is supporting the price. If more selling volume rises then the price might capture supporting EMA’s by making lower highs and lows.
Hence, the Apple price is anticipated to fall downwards showing a bearish outlook over the daily time frame chart.
The current value of RSI is 30.47 points. The 14 SMA is below the median line at 41.43 points which indicates that Apple stock is in bearish territory and the RSI line took rejection from 14 SMA and is headed towards an oversold zone indicating bearishness.
The MACD line at 3.35 and signal line at 1.80 are below the zero line and both lines have crossed each other. A bearish crossover is noticed in the MACD oscillator which expresses bearishness for the Apple stock price.
Summary
Apple Inc (NASDAQ: AAPL) highlights the bearish sentiments of the investors and traders of the stock on the daily time frame chart. At the time of publishing, the price action suggests a bearish view. The technical oscillators for Apple stock price also support a bearish trend. The RSI, EMA, and MACD highlight downward signals and indicate that a downtrend may resume in Apple stock price.
Technical Levels
- Support levels: The nearest support levels for Apple stock price are $174.4 and $170.5.
- Resistance levels: The nearest resistance levels for the Apple stock price are $182.7 and $187.2.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
