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Apple Technical Analysis - Apple Trading: 2023-03-30
Apple Technical Analysis Summary
Above 160.88
Buy Stop
Below 155.86
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| 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 rebounding in reversal of recent downtrend above the 200-period moving average MA(200) which is rising still. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 160.88. This level can be used as an entry point for placing a pending order to buy. The stop loss can be placed below the fractal low indicator at 155.86. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (155.86) without reaching the order (160.88), 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 sliding slowed after Apple Pay Later service launch. Will the Apple stock price continue rebounding?
Apple announced two days ago on Tuesday “select” US consumers will be invited to use its Apple Pay Later service in the US. Its ‘buy now, pay later’ service lets users pay for online goods and in-app services in four payments spread over six weeks – actually providing zero-interest loans of between $50 and $1,000, made through a wholly owned subsidiary, Apple Financing. Goldman Sachs is involved in the financing scheme by allowing Apple access to Mastercard’s network since the iPhone maker lacks a licence to issue payment credentials directly. Apple stock price dipped 0.35% on the day after announcement, following a 1.27% decline the previous session. However expanding payment and financing services is bullish for Apple stock price.
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