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Investtech Indices
Apple (AAPL.US)
Close: 255.27 (+0.78), Dec 23, 2024
Positive
Low risk
Automatic technical analysis. Medium term, Dec 23, 2024
Investors have paid higher prices over time to buy Apple and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has given a positive signal from the rectangle formation by a break up through the resistance at 239. Further rise to 257 or more is signaled. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 220 dollar. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.Recommendation one to six months: Positive (Score: 96)
More analyses of Apple
Candlesticks
Short term: Positive
Medium term: Positive
Long term: Positive
Learn more about key technical aspects of this stock:
Support and resistancePrice above support
The price is above a support level, where the stock has previously turned upwards. Many investors may consider it cheap if it falls towards support again, and may then wish to buy.
TrendRising trend
Rising trends indicate that the company experiences positive development and increasing buy interest among investors.
Price formationBuy signal from rectangle formation
A buy signal from a rectangle formation signals increasing optimism among investors and signals that the stock continues or enters a rising trend.
Momentum,RSIHigh positive momentum and overbought
The stock has high positive momentum and RSI is overbought, see the red colour in the price chart. The stock price has risen a lot, without significant corrections downwards. This is common in rising trends, but may indicate that the price soon will fall in horizontal or falling trends.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer.
The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.
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