AAPL closes higher for the 2nd day in a row
Apple Inc. (AAPL) Technical Analysis Report for Jul 13, 2018
Moving higher for the 2nd day in a row, AAPL ended the week 1.79% higher at 191.33 after edging higher $0.30 (0.16%) today. Today's closing price of 191.33 marks the highest close since June 12th. Closing within the previous day's range, prices failed to decisively move past the prior day's trading range in a lackluster session. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.
Friday's trading range was $0.93 (0.49%), that's far below last trading month's daily average range of $2.63. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly below average.
Prices are trading close to the key resistance level at 191.92.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
With prices trading close to this year's high at 194.20, upside momentum might accelerate should Apple be able to break out to new highs for the year.
While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bearish.