News Image

Good technical signals and a possible breakout for APPLE INC.

By Mill Chart

Last update: May 25, 2023

Our stock screener has spotted APPLE INC (NASDAQ:AAPL) as a possible breakout candidate. A technical breakout setup pattern occurs when the stock is consolidating after a nice uptrend. Whether the actual breakout occurs remains to be seen of course, but it may be interesting to keep an eye on NASDAQ:AAPL.

AAPL Daily chart on 2023-05-25

Technical Analysis Observations

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

Taking everything into account, AAPL scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, AAPL is only an average performer.

  • The long and short term trends are both positive. This is looking good!
  • AAPL is part of the Technology Hardware, Storage & Peripherals industry. There are 35 other stocks in this industry. AAPL outperforms 80% of them.
  • AAPL is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so AAPL is leading the market.
  • In the last month AAPL has a been trading in the 164.31 - 176.39 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
  • Looking at the yearly performance, AAPL did better than 91% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.

How do we evaluate the setup for NASDAQ:AAPL?

Besides the Technical Rating, ChartMill also assign a Setup Rating to every stock. This setup score also ranges from 0 to 10 and determines to which extend the stock is consolidating. This is achieved by evaluating multiple short term technical indicators. NASDAQ:AAPL currently has a 8 as setup rating:

AAPL has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 171.83, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

How to trade NASDAQ:AAPL?

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Of course, there are many ways to trade or not trade NASDAQ:AAPL and this article should in no way be interpreted as trading advice. The article is purely based on an automated technical analysis and just points out the technical observations. Always make your own analysis and trade at your own responsibility.

More breakout setups can be found in our Breakout analyzer.

APPLE INC

NASDAQ:AAPL (7/11/2025, 8:00:00 PM)

After market: 210.52 -0.64 (-0.3%)

211.16

-1.25 (-0.59%)



Find more stocks in the Stock Screener

AAPL Latest News and Analysis

ChartMill News Image2 days ago - ChartmillThese S&P500 stocks are the most active in today's session

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Thursday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F DAL SMCI AMD ...

ChartMill News Image3 days ago - ChartmillThese S&P500 stocks are the most active in today's session

Looking for the most active S&P500 stocks in today's session? Join us as we dive into the US markets on Wednesday and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F AMD INTC NVDA ...

ChartMill News Image5 days ago - ChartmillThese S&P500 stocks are the most active in today's session

Stay informed about the most active stocks in the S&P500 index on Monday's session. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F AMZN CCL AMD ...

ChartMill News Image9 days ago - ChartmillExplore the S&P500 index on Thursday and find out which stocks are the most active in today's session.

Curious about the most active S&P500 stocks in today's session? Join us as we explore the US markets on Thursday and uncover the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F PFE CNC AMZN ...

ChartMill News Image9 days ago - ChartmillMarket Monitor News July 03 BMO (Nike, Verint Systems, Greenbreer UP - Centene DOWN)

Wall Street Cheers Tariff Truce, But Will the Jobs Market Spoil the Party?

Mentions: STZ LULU UA NKE ...

ChartMill News Image10 days ago - ChartmillStay informed about the most active stocks in the S&P500 index on Wednesday's session.

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Wednesday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F NKE CNC AMD ...

ChartMill News Image11 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Looking for the most active stocks in the S&P500 index on Tuesday? Dive into today's session and discover the stocks that are dominating the trading activity and setting the pace for the market.

Mentions: F HBAN PFE AMD ...

ChartMill News Image11 days ago - ChartmillMarket Monitor News July 01 BMO (Hewlett Packard Enterprise, SunRun UP - Enphase Energy DOWN)

Wall Street Keeps Climbing as Deals, AI Drama, and Trade Winds Stir Up the Market

Mentions: GS BAC JPM WFC ...

ChartMill News Image15 days ago - ChartmillMost active S&P500 stocks in Friday's session

Curious about the most active S&P500 stocks in today's session? Get insights into the stocks that are leading the way in terms of trading volume and market attention.

Mentions: F AMZN SMCI AMD ...

ChartMill News Image16 days ago - ChartmillWhat's going on in today's session: S&P500 most active stocks

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Thursday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F SMCI AMD INTC ...

ChartMill News Image17 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Stay informed about the most active S&P500 stocks in today's session as we take a closer look at what's happening on the US markets on Wednesday. Discover the stocks that are generating the highest trading volume and driving market activity.

Mentions: F SMCI AMD INTC ...

ChartMill News Image18 days ago - ChartmillCurious about the most active S&P500 stocks in today's session?

Explore the S&P500 index on Tuesday and find out which stocks are the most active in today's session. Stay updated with the stocks that are capturing market interest.

Mentions: F CCL SMCI AMD ...

Follow ChartMill for more