Technical Analysis

Based on the provided data, here is a comprehensive technical analysis of AAPL stock:

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Technical Analysis

Price Trends and Volume

• Latest Price: $245.18 (as of 2025-02-21, after-market close).
• Recent Performance: The stock closed at $245.55 during the regular session, reflecting a slight decline of -0.11%.
• Volume: 53.2M shares traded, which is moderate compared to historical averages.

Key Technical Indicators

• RSI (14): 61.17 – Indicates a neutral to slightly overbought condition.
• MACD: Positive at 2.22, with a histogram of 1.91, suggesting bullish momentum.
• Stochastic Oscillator (14,3,3): 89.74 – Overbought territory, signaling potential for a short-term pullback.
• Bollinger Bands:
  • Upper Band: $256.45
  • Middle Band: $236.10
  • Lower Band: $215.75
  • Current Price Position: Near the middle-upper range, indicating moderate bullishness.

Support and Resistance Levels

• Fibonacci Levels:
  • Resistance 1: $246.56
  • Resistance 2: $251.63
  • Support 1: $230.14
  • Support 2: $225.07
• Pivot Point: $238.35 – The stock is trading above this level, reinforcing a bullish bias.

Moving Averages

• Short-Term (SMA 5): $245.06 – Close to the current price.
• Medium-Term (SMA 20): $236.10 – Indicates a positive trend.
• Long-Term (SMA 200): $224.15 – Strong support level.

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Trend Analysis

• AAPL is in a bullish trend supported by positive MACD and its position above key moving averages.
• However, the overbought Stochastic Oscillator suggests caution, as a short-term correction may occur.

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Recommendation

• Buy or Sell?: Hold or Buy on Dips.
  • If the stock pulls back to the $238-$240 range (near the pivot point), it could present a better entry point.
  • For short-term traders, consider taking profits near $246-$251 (Fibonacci resistance levels).
  • Long-term investors may hold, as the stock remains in a bullish trend.

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