Apple (AAPL) is riding a wave of bullish momentum, with shares up 22% over the past three months. Despite a maturing smartphone market and intensifying competition, the tech giant is diversifying revenue streams, especially in AI and services. Also, its recently launched iPhone 17 lineup, which hit stores today, is witnessing strong demand globally. Currently, technical indicators suggest that AAPL stock is a Strong Buy, implying further upside from current levels.
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Analyzing AAPL Stock’s Technical Indicators
According to TipRanks’ easy-to-understand technical analysis tool, Apple is currently on an upward trend. The Moving Average Convergence Divergence (MACD) indicator, which helps understand momentum and potential price changes, signals a Buy.
Further, the stock’s 50-day Exponential Moving Average (EMA) is 225.35, while its price is $245.48, implying a bullish signal. Also, its shorter-duration EMA (20 days) signals an uptrend.
Another technical indicator, the Rate of Change (ROC), is a momentum-based technical indicator used to measure the percentage change in a stock’s price between the current price and the price from a specific number of periods earlier. Typically, a ROC above zero confirms an uptrend. Apple stock currently has an ROC of 2.29, which signals a Buy.
Moreover, Williams %R helps traders see if a stock is overbought or oversold. For AAPL, Williams %R currently shows a Buy signal, suggesting the stock is not overbought and has room to run.
Is Apple a Buy, Sell, or Hold?
Turning to Wall Street, Apple stock has a Moderate Buy consensus rating based on 16 Buys, 15 Holds, and two Sells assigned in the last three months. At $244.84, the average AAPL stock price target implies a limited downside risk of 0.18%.
