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Apple Technical Analysis - Apple Trading: 2022-09-09
Apple Technical Analysis Summary
Below 152.58
Sell Stop
Above 170.88
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
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) after rebounding to five-month high three weeks ago. We believe the bearish momentum will continue after the price breaches below the lower boundary of Donchian channel at 152.58. 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 170.88. 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 (170.88) without reaching the order (152.58), 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 despite its big fall iPhone event. Will the Apple stock price continue retreating?
Apple launched new models of its iPhone, Apple Watch and AirPods on Wednesday. The stock price closed down on the day after the launch event. The IT giant delivered its flagship line of new products on schedule despite supply-chain turmoil. Apple didn’t raise prices on iPhone 14 series in US and China despite inflation while hiking prices in key markets including the UK, Japan and Germany. The pricing differences in different markets reflect currency valuation changes. Many analysts mention that it was no small achievement on part of Apple to launch new product line on schedule due to supply chain problems globally and particularly in China, where main suppliers of Apple are located. Expectations of higher sales from new models is bullish for a stock price. At the same time, Apple now faces no small hurdle in delivering new products to millions of its product fans when supply chain bottlenecks still persist and China is ordering lockdowns in more cities to achieve goals of its zero covid policy.
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