Apple Technical Analysis (NASDAQ:AAPL)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. A AAPL stock chart pattern can give those who understand technical analysis an indication of which way AAPL stock is headed, but cannot predict with 100% certainty as to what can happen to the Apple stock price.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Apple. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Apple stock analysis.
Apple Moving Average:
Moving averages help predict the price direction of AAPL stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $142.96 is below the price of $144.53.
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 over brought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. Apple bollinger bands show that the stock price is $144.53, upper band is 5.89, lower band is 5.02, and the average is 5.45.
Apple Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. 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. .