How is appl looking for tomorrow
7/24/2024 06:37am
**Apple's outlook for tomorrow appears mixed, with technical indicators suggesting a bearish sentiment but analyst ratings indicating a positive trend.** Here's a detailed analysis:
1. **Technical Indicators Suggesting Bearishness**:
- The MACD is at -3.06, indicating a bearish trend.
- The KDJ is at -11.78, which is considered oversold and could suggest a potential reversal.
- The RSI is at 41.48, which is neither overbought nor oversold and does not provide a clear signal.
- The stock is trading below its 5-day and 10-day moving averages of $225.27 and $228.67, respectively.
|Ticker|Name|MACD|KDJ|RSI|Date|code|market_code|
|---|---|---|---|---|---|---|---|
|AAPL.O|Apple||-11.7780|41.4811|20240722|AAPL|185|
|AAPL.O|Apple|-3.0551|||20240723|AAPL|185|
|Ticker|Name|5-Day Moving Average|10-Day Moving Average|Date|code|market_code|
|---|---|---|---|---|---|---|
|AAPL.O|Apple|225.2680|228.6650|20240723|AAPL|185|
2. **Analyst Ratings and Price Targets**:
- The consensus rating is a "Strong Buy" with an average price target of $225.23, which is slightly above the current price.
- However, some analysts have set higher price targets, with the highest at $300.00, indicating potential upside.
3. **Market Sentiment and Forecasts**:
- The average 12-month price target from analysts is $234.79, representing a 4.35% upside from the last price of $225.01.
- Long-term forecasts suggest that Apple's stock could reach $971.39 by 2030, indicating significant growth potential.
4. **Recent Performance and News**:
- Apple's stock has experienced a slight increase of 0.47% in its closing price.
- There is a general bullish sentiment among analysts, with 33 analysts giving a "Buy" rating.
- Morgan Stanley has doubled down on Apple, expecting AI initiatives to boost sales, setting a price target of $273.
In conclusion, while technical indicators suggest a bearish sentiment for tomorrow, the overall analyst sentiment and long-term forecasts are positive. The mixed signals indicate that the stock's performance could be influenced by market sentiment and broader economic factors.