Technical analysis applied to Apple Inc. daily chart shows a neutral trend. The forecast of price movements is between support and resistance levels.
Apple Inc. stock closing price was slightly higher. Wednesday trading session ended at $ 159.98 (+0.13%). New bullish technical picture has been drawn on the daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today Apple Inc. closing price. Technical analysis applied to the daily chart shows a neutral trend, so for today trading session the forecast of price movements is between support and resistance levels. The major oscillators confirm the neutral trend, no bullish or bearish signals are triggered.
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Simple Moving Average (SMA)
Apple Inc. stock price are above 14 day moving average (SMA value is 158.67). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
3M Company daily chart shows a dencrease in volumes compared to the previous day.
Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 23/08/2017.
Performance: 7 trading days= -1.00% – 15 trading days= +2.83% – 30 trading days= +8.26%
Resistance levels: R1= 160.67 – R2= 161.37 – R3= 162.96
Pivot Point: 159.78
Support levels: S1= 159.08 – S2= 158.19 – S3= 156.60
Buying opportunity above 160.54, targets minor resistance at 162.59 and perhaps as far as strong resistance at 163.96, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 167.61.
Selling opportunity below 159.36, targets minor support at 157.29 and perhaps as far as strong support at 155.93, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 152.32.