Apple at the Crossroads: Navigating the Future of a Tech Titan

Apple is running out of steam...

Hi fellow investors and welcome back for a Quant data driven analysis.

Technical Analysis of Apple Inc. (AAPL)

Current Stock Information (as of October 24, 9:00 PM GMT+1):

• Ticker: AAPL:NASDAQ

• Current Price: $230.57

• Price Change: Down $0.19 (-0.08%) from the previous close

• Previous Close: $230.76

Support and Resistance Levels

Based on the stock price data provided:

Immediate Support Level

• $230.00: As the stock is slightly down from the previous close, the round number of $230.00 may serve as a psychological support level. Investors often place buy orders at round numbers, which can create support.

Immediate Resistance Level

• $230.76: The previous close price. If the stock moves upward, breaking above this level might signal short-term bullish momentum.

Key Psychological Levels

• Support at $225.00: A drop below $230.00 may lead the stock to test the next psychological support at $225.00.

• Resistance at $235.00: If the stock surpasses the previous close, the next resistance could be around $235.00, which was mentioned as a previous peak in earlier analysis.

Bullish Case for Apple