Overall AAPL gets a technical rating of 9 out of 10. Both in the recent history as in the last year, AAPL has proven to be a steady performer, scoring decent points in every aspect analyzed.
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.
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When analyzing the support we can see 3 important areas.
- A support zone ranging from 263.82 to 268.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @237.65 from a trend line in the daily time frame.
- Support @205.21 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 278.53 to 280.31. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 81.11 | POSITIVE | AAPL has a high relative strength, it outperformed 81.11% 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) | 57.58 | NEUTRAL | The RSI value for AAPL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests AAPL has a negative trend. |
| Stochastics (14,3) | 50.88 | NEUTRAL | The Stochastics value for AAPL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for AAPL suggests low volalility. |
| Average Directional Index/ADX (14) | 28.96 | 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 |
|---|---|---|---|
| 280.32 | 273.80 | 6.52 (2.33%) | 25.00% |
| An entry @280.32. This is a Buy Stop order right above the resistance zone. | An exit @273.80. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.52 points, which is 2.33%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.58%. |
- The distance between exit and entry is rather small compared to the average daily movement of AAPL. Please evaluate whether better entry and exit points can be found.
- 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.
278.28
+0.25 (+0.09%)
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 57.5774. 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 268.47 and a resistance level at 278.53. Check the full technical report for our detailed analysis of AAPL support and resistance levels.