Apple Technical Analysis (NASDAQ:AAPL)
Technical analysis is the study of stock price and volume data through technical charts. This analysis does not take into account the intrinsic value of a stock. Just by looking at the Apple stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the AAPL stock chart which creates a trading signal.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for Apple. The technical analysis form of Apple stock analysis tries to understand the market by studying the stock market trend itself as opposed to other aspects like the company's fundamentals.
Apple Moving Average
Moving averages show the AAPL stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $221.07 is above the price of $217.88.
Apple Bollinger Bands
Bollinger bands comprise of a center line usually AAPL SMA, and two AAPL stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Currently the stock price of $217.88 is in the lower range of Apple bollinger bands.
Apple Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The Apple MACD indicator is below 0 indicating a bearish trend.
Apple Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. If the RSI of AAPL stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.