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Apple Technical Analysis - Apple Trading: 2021-12-02

Apple Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Above 170.04

Buy Stop

Below 156.15

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 1963
IndicatorValueSignal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy

Apple Chart Analysis

Apple Chart Analysis

Apple Technical Analysis

The technical analysis of the Apple stock price chart on daily timeframe shows #S-AAPL: Daily is retracing up above the 200-day moving average MA(200) which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 170.04. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low at 156.15. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (156.15) without reaching the order (170.04), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Apple

Apple recorded the highest growth among all major brands in China in October. Will the Apple stock price continue rebounding?

Apple released its quarterly earnings results on October 27th, 2021. Its revenue for the quarter was up 28.9% on a year-over-year basis. The technology giant earned $83.40 billion during the quarter. At the same time Apple posted an 83% annual sales growth in China in the same quarter. Apple reported net revenue of US$14.6 billion in China during the quarter. That sales growth in China surpassed Apple’s 20% increase in the Americas and 23% cent gain in Europe during the same period. Company’s next expected earnings date is Wednesday, January 26th, 2022 based on prior year's report dates. Earnings for Apple are expected to grow by 6.24% in the coming year, according to analysts’ estimates. Couple of days ago analysts reported Apple outdid its Android rivals and once again became the largest smartphone brand in China: Apple recoded the highest growth among all major brands in China during October 2021, expanding its sales share in Chinese smartphone market at 46% month-over-month. Rising sales and particularly increasing sales share in China are bullish for Apple stock price.

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