Appl

Apple Inc. (AAPL) is currently experiencing a significant downturn, as evidenced by the following analysis: 1. **Technical Indicators**: - The Relative Strength Index (RSI) is at 31.44, indicating that the stock is neither overbought nor oversold. - The Moving Average Convergence Divergence (MACD) is at -4.85, suggesting a bearish momentum. - The stock is trading below its 5-Day and 10-Day Moving Averages of $212.91 and $215.91, respectively, which is a bearish signal. - The Bollinger Bands show a wide distance between the upper band and the closing price, indicating high volatility. |Ticker|Name|RSI|MACD|KDJ|bollinger upper band|Date|code|market_code| |---|---|---|---|---|---|---|---|---| |AAPL.O|Apple|31.4370|-4.8465|49.5172|236.8392|20240807|AAPL|185| 2. **Support and Resistance Levels**: The current closing price of $209.82 is below the support level of $206.41 and above the resistance level of $213.04. This suggests that the stock is trading in a narrow range, with limited upward movement expected unless the resistance level is broken. |Ticker|Name|Support Level (Narrow)|Resistance Level (Narrow)|Closing Price|Date|code|market_code| |---|---|---|---|---|---|---|---| |AAPL.O|Apple|206.4117|213.0425|209.82|20240807|AAPL|185| 3. **Analyst Ratings and Price Targets**: The consensus rating among analysts is "Strong Buy" with price targets ranging from $260 to $300. This indicates that while there is optimism about the stock's potential, the current price is already approaching the higher end of the target range. |Ticker|Name|Current Price Target|Consensus Rating|Date|code|market_code| |---|---|---|---|---|---|---| |AAPL.O|Apple|300||20240705-20240806|AAPL|185| |AAPL.O|Apple|275||20240705-20240806|AAPL|185| |AAPL.O|Apple|273||20240705-20240806|AAPL|185| |AAPL.O|Apple|265||20240705-20240806|AAPL|185| |AAPL.O|Apple|260||20240705-20240806|AAPL|185| |AAPL.O|Apple|250||20240705-20240806|AAPL|185| |AAPL.O|Apple|240||20240705-20240806|AAPL|185| |AAPL.O|Apple|230||20240705-20240806|AAPL|185| |AAPL.O|Apple|203||20240705-20240806|AAPL|185| |AAPL.O|Apple|187||20240705-20240806|AAPL|185| 4. **Net Fund Flow**: There was a significant net fund outflow of $1.04 billion, which could be a bearish signal if it represents a trend rather than a one-time event. |Ticker|Name|Net Fund Flow|Net Fund Flow (Extra-large Order)|Net Fund Flow (Block Order)|Date|code|market_code| |---|---|---|---|---|---|---|---| |AAPL.O|Apple|-1.04414758E9||-1.03720823E9|20240807|AAPL|185| |AAPL.O|Apple||||20240808|AAPL|185| 5. **Market Sentiment**: There is a divergence between the stock's price and the rising 200-day EMA, indicating underlying strength. However, the stock is positioned within a significant support zone, which could be a double-edged sword: while it provides support, it also limits the stock's upside potential. 6. **Fibonacci Retracement**: The stock is trading at the 0.382 Fibonacci Retracement level, which is a key reversal zone. This could suggest that if the stock were to experience a pullback, it might find support at this level. 7. **Earnings Release**: Apple's most recent earnings report was released on May 2, 2024, with the next scheduled report on August 1, 2024. The upcoming earnings release could influence the stock's price movement. In conclusion, while there is optimism about Apple's stock, the current technical indicators and sentiment suggest that the stock is likely to face challenges in rising significantly in the near term, especially with the bearish momentum and recent net fund outflows. Investors should monitor the stock's performance around the upcoming earnings release and the support and resistance levels for further insights into its potential trajectory.