AAPL
stock price has declined roughly 7.56% year-to-date, underperforming the broader market. Has not been leading this year, but that doesn't mean is a bad company,
AAPL
is an strong company with a robust financials. This week, a bearish signal emerged with the 50-day simple moving average (50SMA) falling below the 200-day SMA, known as an inverse golden crossover.
Support: $168.50. If the stock price breaks below this level, it could indicate further decline.
Resistance: $175.85. Any upward movement may face resistance at this level.
The recent price decline and the inverse golden crossover suggest a potential continuation of the downtrend. A break below the support level of $168.50 could further weaken the stock price.
AAPL
recent earnings report beat analyst estimates, indicating strong financial performance. Upcoming earnings report (expected on April 25, 2024) for insights into future performance.
This analysis is for informational purposes only and should not be considered financial advice. It is recommended to consult with a financial professional before making any investment decisions.