Taking everything into account, AAPL scores 3 out of 10 in our technical rating. In the last year, AAPL was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The technical rating of AAPL is bad and it also does not present a quality setup 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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205.01
When analyzing the support we can see 3 important areas.
- A support zone ranging from 259.03 to 259.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @244.48 from a trend line in the daily time frame.
- Support @207.08 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 265.95 to 272.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @278.86 from a horizontal line in the weekly time frame.
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 | DOWN | NEGATIVE | The short term trend for AAPL is down. |
| ChartMill Relative Strength | 55.64 | NEUTRAL | AAPL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of AAPL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of AAPL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of AAPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 27.24 | OVERSOLD | The low RSI value suggests AAPL may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.82 | NEGATIVE | The MACD value suggests AAPL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 11.52 | OVERSOLD | The low Stochastics value suggests AAPL may be oversold. |
| Average True Range in percent/ATR (20) | 1.64 | LOW VOLATILITY | The low ATR as a percentage value for AAPL suggests low volalility. |
| Average Directional Index/ADX (14) | 19.95 | NEGATIVE | The low ADX value for AAPL suggests a weak or negative trend. |
259.37
+0.33 (+0.13%)
APPLE INC / AAPL FAQ
What is the ChartMill technical rating of APPLE INC (AAPL) stock?
ChartMill assigns a technical rating of 3 / 10 to AAPL.
Can you provide the trend direction for APPLE INC?
The current trend direction for APPLE INC (AAPL) is Bullish.
Can you provide the RSI signal for APPLE INC?
APPLE INC (AAPL) has an RSI value of 27.2359. This indicates that the stock is currently oversold.
What is the MACD signal for APPLE INC (AAPL) stock?
The MACD indicator for APPLE INC (AAPL) has a value of -1.82474, indicating a bearish trend.
What is the buy/sell signal for APPLE INC (AAPL) stock?
The buy/sell signal for APPLE INC (AAPL) is hold as the short term and long term trends are mixed.