Apple (AAPL.US)

Short term

Apple shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Apple. The stock is testing resistance at dollar 210. This could give a negative reaction, but an upward breakthrough of dollar 210 means a positive signal. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically negative for the short term.

Recommendation one to six weeks: Negative (Score: -75)

Medium term

Apple has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at dollar 173 and resistance at dollar 225. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the stock. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: -3)

Long term

Apple shows strong development within a rising trend channel in the long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after the break of the rectangle formation. There is support around 200, which now indicates good buying opportunities. An established break through this support will neutralize the positive signal. The stock has support at dollar 174 and resistance at dollar 258. Volume tops and volume bottoms correspond badly with tops and bottoms in the price. This weakens the rising trend and could be an early signal of a coming trend break. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 68)