Apple Inc. is an American multinational technology company headquartered in Cupertino, California, in Silicon Valley, best known for its consumer electronics, software and online services. This stock is currently trading at 278.80 and 18% above its rising 40 week moving average of $228.50. The 14 week relative strength index is at 69.6% and about to enter the overbought area.
The MACD-V indicator remains in a bullish stance, however there are initial signs that upside momentum is losing strength. Fibonacci upside projection targets based on the $169.21 to 260.10 range traded since December 2024 point to the following levels:
- 23.6% at $281.6
- 38.2% at 294.87
- 61.8% at $316.29
Disclaimer
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