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Apple Technical Analysis - Apple Trading: 2024-11-01
Apple Technical Analysis Summary
Below 224.98
Sell Stop
Above 231.54
Stop Loss
| Indicator | Signal |
| RSI | Buy |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Buy |
| Fractals | Sell |
| Parabolic SAR | Sell |
Apple Chart Analysis
Apple Technical Analysis
The technical analysis of the Apple stock price chart on 4-hour timeframe shows #S-AAPL, H4 is retesting the 200-period moving average MA(200) after retracing lower following rebound to all-time high two weeks ago. RSI is about to cross into the oversold zone. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 224.98. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 231.54. After placing the order, the stop loss is to be moved every day to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (231.54) without reaching the order (224.98), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Apple
Apple share price ended lower in after-hours trading yesterday after iPhone maker reported above expected quarterly sales and earnings. Will the Apple stock price continue retreating?
Apple reported yesterday overall fourth-quarter sales rose 6.1% to $94.93 billion, ahead of Wall Street targets of $94.58 billion. Earnings per share also exceeded analysts’ expectations: $1.64 versus $1.60. However, the company guidance for the next quarter fell short of Wall Street expectations: Apple expects overall revenue to "grow low to mid-single digits" during its fiscal first quarter which ends in December, while analysts had expected revenue growth of 6.65% to $127.53 billion. Another point of disappointment was the reported decline in Q4 China sales. Expectations of lower sales growth are bearish for the Apple stock price.
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