Apple (NASDAQ: AAPL) is Strong on a Near Term Basis

Apple (NASDAQ: AAPL) is Strong on a Near Term Basis, but not on a midterm or longer term basis.

Review the Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Neutral Neutral
P1 161.62 156.34 160.82
P2 167.72 171.80 175.66
P3 168.72 184.95 189.47

Long Term Trading Plans for AAPL

May 2, 2018, 8:35 am ET

The technical Summary and associated Trading Plans for AAPL listed below will help you make important timing decisions for your trades. This data is based on our proprietary analysis for AAPL. In addition we offer Market Timing Models and Stock Filters in the links above which may increase the proficiency of the decisions you make.

AAPL - (Long) Support Plan

Buy over 160.82 target 175.66 stop loss @ 160.56.
The technical summary data tells us to buy AAPL near 160.82 with an upside target of 175.66. This data also tells us to set a stop loss @ 160.56 to protect against excessive loss in case the stock begins to move against the trade. 160.82 is the first level of support below 169.2 , and by rule, any test of support is a buy signal. In this case, support 160.82 would be being tested, so a buy signal would exist.

AAPL - (Short) Resistance Plan

Short under 175.66 target 160.82 stop loss @ 175.92.
The technical summary data is suggesting a short of AAPL as it gets near 175.66 with a downside target of 160.82. We should have a stop loss in place at 175.92 though. 175.66 is the first level of resistance above 169.2, and by rule, any test of resistance is a short signal. In this case, if resistance 175.66 is being tested, so a short signal would exist.

AAPL Long Term Analysis

AAPL EPS Analysis

AAPL Dividend Chart

AAPL Growth rate - Quarterly

AAPL Growth rate - Yearly

AAPL PE chart

AAPL PEG chart