Support: $190.83, $185.00, $180.00
Resistance: $192.93, $200.00, $205.00
Apple’s stock price has been in a bullish trend since March 2023. It has recently consolidated between $190.83 and $192.93, but it appears to be breaking out of this consolidation range. If the stock price breaks above $192.93, it could test $200.00 and then $205.00.
Here are some technical indicators that support the bullish thesis for Apple:
The Moving Average Convergence Divergence (MACD) indicator is above the signal line and in positive territory. This indicates that the stock is in a bullish trend.
The Relative Strength Index (RSI) indicator is above 50 and trending upwards. This indicates that the stock is overbought and there is still room for further upside.
Fundamental Analysis of Apple (AAPL)
Financials: Apple is a very strong financial company. It has a strong balance sheet with over $200 billion in cash and marketable securities. Apple also has a healthy profit margin and a strong track record of earnings growth.
Products and Services: Apple has a diversified product and service portfolio. Its most popular products include the iPhone, iPad, Mac, and Apple Watch. Apple also offers a variety of services, such as the App Store, iCloud, and Apple Music.
Brand: Apple has a very strong brand. It is one of the most valuable brands in the world. Apple’s products are known for their high quality and innovative design.
Overall, Apple is a very strong company with a bright future. It has a strong financial position, a diversified product and service portfolio, and a strong brand. I believe that Apple is a good long-term investment.
Prediction for Apple’s Stock Price in the Future
I believe that Apple’s stock price has the potential to reach $250.00 per share in the next 12 months. This is based on a combination of factors, including Apple’s strong financial position, diversified product and service portfolio, and strong brand.
However, it is important to note that the stock market is unpredictable and there is always the risk of losing money. Investors should always do their own research before making any investment decisions.
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