AAPL Stock Analysis: News & Chart Insights - September 12, 2024

Published: Sep 11, 2024 Duration: 00:04:56 Category: Education

Tags : investing trading ai aapl technical analysis support apple stock IPhone 16 market trends apple intelligence stock analysis September 2024 resistance Explain The Charts Price Levels

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welcome back to explain the charts today we're analyzing Apple Apple stock and seeing how the news and chart data line up the recent iPhone 16 launch was a big event with mixed reactions from the market some analysts were excited about the AI features dubbed Apple intelligence While others saw it as a less than revolutionary offering the staggered roll out starting with the beta version in the US next month could dampen enthusiasm for the new phones in the near term meanwhile Apple's stock price has been sliding recently impacted by factors such as the European court of justice upholding an order for Ireland to recoup taxes from Apple the Dow Jones Industrial Average and other major indexes also saw a rebound on Monday September 9th 2024 this rally came ahead of critical inflation reports due this week which could influence Market sentiment despite the positive performance of other tech stocks Apple saw a reversal downward suggesting potential weakness let's dive into the charts to see what's happening with Apple first let's take a look at the daily chart on the daily chart we see a clear downtrend for Apple in recent weeks the stock has broken below its 50-day moving average a significant technical level this suggests a bearish momentum furthermore the stock is within Striking Distance of a new by point at $237.29 due to to a cup with handle pattern however the recent decline suggests that buyers are hesitant to step in we also see that the stock has been bouncing around a support level around $215 this level has held firm over the past few weeks indicating a potential floor for the stock if we zoom in on the last couple of months we can see the downward Trend more clearly the stock has been testing the $215 level multiple times but it hasn't broken through it yet moving to the 1hour Chart we see a more short-term perspective of the market the 1hour chart shows that the stock has been consolidating recently this consolidation pattern is characterized by a narrow range of price action it could be interpreted as a period of uncertainty for Traders a breakout above $225 could signal a bullish reversal while a break below $215 would confirm the downtrend let's examine specific range of candles from the 1hour chart focusing on the last 24 hours we see that the stock has been trending upwards the recent news about Apple's AI features might be contributing to this upward movement however the trend is still very fragile a break below $29.50 could lead to a sharp decline the 15-minute chart provides a more granular view of the price action let's take a closer look at the 15-minute chart the the 15-minute chart offers a highfrequency view of the market but it's important to consider the context we see some volatile price swings on this time frame which could create opportunities for short-term Traders however it's crucial to be cautious as the market is highly sensitive to news and events we see that the stock has been bouncing around the $220 level this could be an area of support or resistance overall the 15-minute chart shows that the market is in a state of flux with no clear Direction it's difficult to make long-term predictions based on this time frame however it's worth monitoring for potential short-term opportunities to recap the daily chart shows a downtrend for apple with a support level around $215 the 1hour chart shows consolidation with a potential breakout above $225 or a breakdown below $215 the 15minute chart exhibits short-term volatility making it challenging to make long-term predictions looking ahead aapl's price will likely be driven by the release of its Apple intelligence features a successful roll out could boost the stock price however any delays or negative feedback could lead to a further decline keep an eye on the $215 and $225 levels as they could act as key support or resistance areas if the stock breaks above $225 it could signal a bullish reversal conversely a break below $215 would confirm the downtrend overall it's difficult to make definitive predictions about aapl's future price movement the market is highly sensitive to news and events stay tuned to explain the charts for future updates on Apple and other Market insights

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