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Apple Technical Analysis - Apple Trading: 2022-09-29

Apple Technical Analysis Summary

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Strong SellSellNeutralBuyStrong Buy

Below 144.73

Sell Stop

Above 158.57

Stop Loss

Ara Zohrabian
Senior Analytical Expert
Articles 2161
IndicatorSignal
RSI Neutral
MACD Sell
Donchian Channel Sell
MA(200) Sell
Fractals Sell
Parabolic SAR Sell

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 has fallen back under the 200-day moving average MA(200) and is retreating after rebounding to five-month high six weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 144.73. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the fractal high at 158.57. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (158.57) without reaching the order (144.73), 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 declined after reports the company canceled plans to boost iPhone production on lower demand. Will the Apple stock price continue retreating?

There have been reports Apple was canceling its plans to increase iPhone production on signs of lower demand. Apple had launched new models of its iPhone, Apple Watch and AirPods on September 7 and hadn’t raised prices on iPhone 14 series in US and China while prices in key markets including the UK, Japan and Germany were hiked. Expectations of lowered production and sales from new models is bearish for a stock price. However, the reports do not seem to be accurate according to TF International Securities.

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