Overall AAPL gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, AAPL is showing a nice and steady performance.
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. There is a support zone below the current price at 272.29, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
202.24
We found 3 important support areas.
- A support zone ranging from 258.51 to 272.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @233.86 from a trend line in the daily time frame.
- Support @204.28 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 278.86 to 278.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for AAPL is up. |
| ChartMill Relative Strength | 84.08 | POSITIVE | AAPL has a high relative strength, it outperformed 84.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of AAPL is above 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) | UP | POSITIVE | The current price of AAPL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.3 | NEUTRAL | The RSI value for AAPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests AAPL has a positive trend. |
| Stochastics (14,3) | 82.8 | OVERBOUGHT | The high Stochastics value suggests AAPL may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for AAPL suggests some volalility. |
| Average Directional Index/ADX (14) | 30.38 | POSITIVE | The high ADX value value for AAPL suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 278.87 | 265.31 | 13.56 (4.86%) | 20.57% |
| An entry @278.87. This is a Buy Stop order right above the resistance zone. | An exit @265.31. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 13.56 points, which is 4.86%. | When investing 20.57% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
278.85
+1.3 (+0.47%)
APPLE INC / AAPL FAQ
What is the ChartMill technical rating of APPLE INC (AAPL) stock?
ChartMill assigns a technical rating of 9 / 10 to AAPL.
What is the current trend direction of APPLE INC (AAPL) stock?
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 68.2975. This indicates that the stock is currently neutral.
Can you provide the short term momentum for APPLE INC?
The short term momentum for APPLE INC (AAPL) is positive.
What is the support and resistance level for AAPL stock?
APPLE INC (AAPL) has a support level at 272.29 and a resistance level at 278.86. Check the full technical report for our detailed analysis of AAPL support and resistance levels.