Apple Technical Analysis | Apple Trading: 2024-11-01 | IFCM
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Apple Technical Analysis - Apple Trading: 2024-11-01

Apple Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 224.98

Sell Stop

Above 231.54

Stop Loss

Ara Zohrabian
Ara Zohrabian
Senior Analytical Expert
Articles2617
IndicatorSignal
RSI Buy
MACD Sell
Donchian Channel Sell
MA(200) Buy
Fractals Sell
Parabolic SAR Sell

Apple Chart Analysis

Apple Chart Analysis

Apple Technical Analysis

The technical analysis of the Apple stock price chart on 4-hour timeframe shows #S-AAPL, H4 is retesting the 200-period moving average MA(200) after retracing lower following rebound to all-time high two weeks ago. RSI is about to cross into the oversold zone. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 224.98. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 231.54. After placing the order, the stop loss is to be moved every day to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (231.54) without reaching the order (224.98), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.

Fundamental Analysis of Stocks - Apple

Apple share price ended lower in after-hours trading yesterday after iPhone maker reported above expected quarterly sales and earnings. Will the Apple stock price continue retreating?

Apple reported yesterday overall fourth-quarter sales rose 6.1% to $94.93 billion, ahead of Wall Street targets of $94.58 billion. Earnings per share also exceeded analysts’ expectations: $1.64 versus $1.60. However, the company guidance for the next quarter fell short of Wall Street expectations: Apple expects overall revenue to "grow low to mid-single digits" during its fiscal first quarter which ends in December, while analysts had expected revenue growth of 6.65% to $127.53 billion. Another point of disappointment was the reported decline in Q4 China sales. Expectations of lower sales growth are bearish for the Apple stock price.

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This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

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