- Analytics
- Technical Analysis
Apple Technical Analysis - Apple Trading: 2023-12-04
Apple Technical Analysis Summary
Above 191.97
Buy Stop
Below 188.08
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Neutral |
| MA(200) | Buy |
| Fractals | Neutral |
| Parabolic SAR | Buy |
Apple Chart Analysis
Apple Technical Analysis
The technical analysis of the Apple stock price chart on 4-hour timeframe shows #S-AAPL,H4 is retracing up above the 200-period moving average MA(200) after hitting two-week low two days ago. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 191.97. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 188.08. After placing the order, the stop loss is to be moved every day to the next fractal low 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 (188.08) without reaching the order (191.97), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Apple
Apple and Paramount are considering bundling their streaming services and offering them to subscribers at a discount. Will the Apple stock price continue rebounding?
Media and tech companies are competing to make their streaming services profitable. Apple TV+ is part of Apple’s services business which is becoming increasingly critical to the company’s strategy. In May research firm Antenna estimated Apple TV+ had about 20 million subscribers and Apple CEO Tim Cook said on latest earnings call Apple TV+ hit a quarterly record for revenue. Prices for streaming services have risen steadily in recent months. The Apple stock price closed up 0.68% on the day after the news. While offering a discount to subscribers will hurt profit margins for Apple TV+ streaming services, new bundles most likely will attract more subscribers that will result in increase in total revenue and hence is bullish for Apple stock price.
- Get Certificate
Note:
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.