AAPL closes within prior day's range after lackluster session


Apple Inc. (AAPL) Technical Analysis Report for Jun 14, 2018 [< 1 min read]
Highlights
AAPL finds buyers again around 190.22
AAPL closes within previous day's range after lackluster session
TQ Sentiment
Technical Forecast:
Overview

AAPL ended Thursday at 190.80 edging higher $0.10 (0.05%). Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session.

Daily chart for AAPL
Volatility

Thursday's trading range was $1.35 (0.7%), that's far below last trading month's daily average range of $2.03. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being way below average.

Support/Resistance

Prices are trading close to a key support level at 189.77. After having been unable to move lower than 190.44 in the prior session, the share found buyers again around the same price level today at 190.22.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

Buying could speed up should prices move above the close-by swing high at 192.88 where further buy stops might get triggered. Selling could accelerate should prices move below the nearby swing low at 189.77 where further sell stops might get activated. As prices are trading close to June's low at 187.75, downside momentum could speed up should Apple mark new lows for the month.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Apple Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
3 Consecutive Lower Closes TQ Pro Members Only
Close to R1 Resistance TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Very Strong Down Move TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
More market conditions identified for TQ Pro members...
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