The stock price of AAPL tomorrow is predicted to face a bearish trend. Here's why:
- Forecast Trend: The current trend for AAPL is bullish, but this is expected to change tomorrow. The bullish trend has been in place for 26 days, but there is a clear indication that it could reverse soon
- Probability of Continuation: The conditioned trend suggests a 75% probability of a continuation of the current trend. However, this probability drops to 25% for a clear trend, indicating that the likelihood of a reversal is increasing
- Support and Resistance Levels: AAPL is currently positioned between narrow resistance and wide resistance levels, which suggests that the stock is facing resistance in moving upwards. The support level is also tight, indicating that there is limited room for the stock to move downwards
- Analyst Sentiment: The forecast advice from analysts is to sell the stock, with a historical win rate of 53.5% for this type of forecast
- Recent News: Recent news about Apple's consideration of external AI models for Siri enhancement may have positive long-term effects, but it is unlikely to have an immediate impact on the stock price1.
In conclusion, while there is a possibility of continuation of the current trend, the odds are in favor of a reversal tomorrow. The predicted stock price of AAPL tomorrow is likely to be lower than its current price, given the bearish forecast and the resistance levels that the stock is facing.