Chart technology Apple: shares could, in the medium term to test the key support at $ 240

The starting position . The share price of Apple is presented in the current trading week is very weak. In order for the title to the start of the week follo

Chart technology Apple: shares could, in the medium term to test the key support at $ 240

The starting position . The share price of Apple is presented in the current trading week is very weak. In order for the title to the start of the week following the negative requirements from Europe. Closing price on Tuesday, 25. February 2020: 288,08 US Dollar (by 3.4%).

chart . The share price of Apple climbed at the end of January to a new all-time high: 327,85 US Dollar. Once again, one is inclined to say. Because of the Apple course is a success story special: For years already, the value is located in an intact upward trend; the above monthly chart shows. In the past ten years, prices have risen by nearly 900 percent. However, the gains come to a Halt. The device the Trend is now, following the sharp correction earlier this week, Stalled?

Not necessarily – if you look at the overall Trend before your eyes. The upward trend channel (blue hatched) is intact. Investors also pay attention to the course of the 200-day line (blue curve). The 200-day line is a moving average line, the Average prices of the past 200 trading days reflected. The course the course is represented in a smoothed Form. The 200-day line is regarded as a simple, but nevertheless important indicator within the Technical analysis.

The backgrounds. Apple currently suffers from the Corona-Virus; a profit warning from the previous week has set the prices under pressure. What the Apple has to do a course with Corona? The deliveries of the Chinese suppliers could not be realised; the production of Apple would come to a Halt – in the world of globalization all the seats in a boat. stockstreet.de Apple

The prognosis. is a long-term perspective, the shares of Apple Butter, and the current counter-movement is still not bad. The quotations appear to be in the region of its 200-day line, currently $ 240 extend (254 US dollars as a 9-month line), as solid supports. We expect a continuation of the current consolidation movement and then a continuation of the long-term and overarching upward trend, as the above trend channel pretends to be. The brand has around 240 US dollars as a support but it should hold. Courses above 328 U.S. Dollar, a purchase would signal.

Info: In the chart above is a monthly chart. Each candle represents the price movement within one trading month. Larger time intervals can be represented in a compressed

About the expert

Manfred Ries succumbed to the allure of the stock market during his training - that was in 1984. The Trading he learned in the Forex trading at a major Bank. In the case of an investor magazine, he completed a traineeship as a business journalist, aided by his study of Economics came to the benefit. Today, he is editor-in-chief of the Online section of the Chart analysis in stockstreet.de.

Glossary:

the 200-day line: which reflects A moving average line, the Average prices of the past 200 trading days reflected. The Course is reproduced in a smoothed Form. The 200-day line is regarded as a simple – but important – indicator within the Technical analysis.

Moving average: A moving average line, the Average prices of the previous "x" trading reflects days; about 200 days. The course the course is reflected in a smoothed Form. The 200-day line is regarded as a simple – but important – indicator within the Technical analysis.

MA(200): Abk. for: Moving Average(200) – what is meant is the Moving average of 200 days (the 200-day line).

MACD : The MACD ("Moving Average Convergence/Divergence") is one of the trend-following indicators. Its calculation is based on the difference between two exponential Moving averages; the usual twelve, and 26 trading periods. From this curve, in turn, is formed a "slower" 9-day line. One then speaks of the standard settings (12/26/9). Basically, A buy-signal is given when the faster line crosses the slower from bottom to top, or Vice versa, in the case of a sell signal.

Moving Average: English name for a Moving average.

Overweight: English for "Overweight". These investment banks contracted evaluation States that, in principle, investors should weigh a stock or an industry – in the Depot is higher than the overall market.

Support: English name for "support".

Target: English name for "target price".

week chart: The approach is based on weekly price data. In the case of a line chart for the week closing price delivers his contribution to the curve. In the case of candlestick charts, each candle ("Candle" is a) the Rate of the considered trade of the week from: Monday opening and Friday's closing price; week high and low. Stock market Pro: "The reviews make me worry," FOCUS Online exchanges professional: "The reviews make me worry,"

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Date Of Update: 26 February 2020, 10:00
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