APPLE INC (AAPL) Stock Technical Analysis
NASDAQ:AAPL - Nasdaq - US0378331005 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to AAPL. In the past year, AAPL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
67% of all other stocks performed better in the past year than AAPL.
AAPL is part of the Technology Hardware, Storage & Peripherals industry. There are 32 other stocks in this industry, of which 61% are performing better than AAPL.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month AAPL has a been trading in the 199.26 - 216.23 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
AAPL has an average volume of 52452500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
AAPL is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so AAPL is lagging the market.
AAPL has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 213.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 213.32, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
186.49
216.88
We found 3 important support areas.
- A support zone ranging from 204.13 to 213.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 193.16 to 195.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @188.37 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 213.77 to 214.73. 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 | NEUTRAL | NEUTRAL | The long term trend for AAPL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for AAPL is up. |
| ChartMill Relative Strength | 33.56 | NEUTRAL | AAPL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of AAPL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.9 | NEUTRAL | The RSI value for AAPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests AAPL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.4 | NEUTRAL | The Stochastics value for AAPL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for AAPL suggests low volalility. |
| Average Directional Index/ADX (14) | 19.54 | NEGATIVE | The low ADX value for AAPL suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
213.76
-0.39 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-0.18%
1 Week1.78%
2 Weeks0.64%
1 Month6.05%
3 Month2.14%
6 Month-4.05%
12 Month-1.93%
2 Year8.81%
3 Year31.54%
5 Year101.17%
10 Year604.9%
15 Year2226.64%
Volatility
ATR(14)3.41
ATR(20)%1.77%
ATR Inc-32.94%
Range Today2.16
ADR(20)3.65
ADR(20)%1.71%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS33.56
Mansfield-1.2
10 Day High215.78
10 Day Low207.54
20 Day High216.23
20 Day Low199.26
52 Week High260.1
52 Week Low169.21
CS1 End213.32
CR1 Start213.77
Volume & EV
DER(3)0.24%
DER(5)0.89%
Volume46.02M
Volume Incr-12.17%
Vol(5)47.95M
Vol(50)52.45M