Stocks

Apple is neutral

2024-08-14

Our pivot point stands at 211.6.

Our preference

Look for a drop towards 211.6 before a bounce.

Alternative scenario

Below 211.6, expect 201.9 and 196.2.

Comment

The RSI is above 50. The MACD is negative and below its signal line. The penetration of 50 on the RSI should trigger further losses. Moreover, the stock is above its 20 and 50 day moving average (respectively at 218.617 and 215.8612).

Supports and resistances

251 **

245 *

239.2 **

233.4

221.27 (USD-last)

215.3

211.6 **

201.9 *

196.2 **

Number of asterisks represents the strength of support and resistance levels.

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

Introduction to Tradingtop Site


Return to All Articles