AAPL Technical Analysis - APPLE INC

Technical Rating and Analysis

Overall AAPL gets a technical rating of 7 out of 10. Although AAPL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

AAPL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so AAPL is lagging the market slightly.

In the last month AAPL has a been trading in the 240.21 - 259.24 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.

AAPL has an average volume of 53054100 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that AAPL is one of the better performing stocks in the market, outperforming 73% of all stocks. However, this overall good ranking is mostly due to the recent strong move.

AAPL is part of the Technology Hardware, Storage & Peripherals industry. There are 33 other stocks in this industry, AAPL did better than 56% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although AAPL has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

199.46

261.62

3 important support areas can be observed.

A support zone ranging from 245.26 to 248.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @222.48 from a trend line in the daily time frame.
Support @201.47 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 258.03 to 259.03. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for AAPL is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for AAPL is neutral.
ChartMill Relative Strength	73.13	POSITIVE	AAPL has a high relative strength, it outperformed 73.13% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of AAPL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of AAPL is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of AAPL is above a declining SMA(200).
Relative Strength Index/RSI (14)	49.91	NEUTRAL	The RSI value for AAPL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.92	NEGATIVE	The MACD value suggests AAPL has a negative trend.
Stochastics (14,3)	27.47	NEUTRAL	The Stochastics value for AAPL is a neutral value.
Average True Range in percent/ATR (20)	2	LOW VOLATILITY	The low ATR as a percentage value for AAPL suggests low volalility.
Average Directional Index/ADX (14)	26.56	POSITIVE	The high ADX value value for AAPL suggests a strong trend.