Apple looks for support

Note: This section contains information in English only.
Source: Dukascopy Bank SA


The news that Apple no longer is the most valued company in the world by market capitalization have prompted for a review of the company's chart. Meanwhile, note that Apple was overtaken by Microsoft. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the Chinese consumers switch to local produced smartphones.

From a technical perspective, the stock price has been failing to pass a resistance range at 195.00/200.00. The range has kept the share price down since mid-2023. In the meantime, support is found in the 179.75/182.20 zone and the 200-day simple moving average. However, the moving average failed to hold on February 1 and could fail once again.

A recovery of the stock price could be slowed down by the 50-day simple moving average near 190.00, before the 195.00/200.00 range would be tested once again.

On the other hand, a decline below 179.75 is expected to reach for the 165.00/170.00 zone's support. Although, take into account hat the 175.00 level could act a support.
Back to articles

Actual Topics

Fri, 16 Feb 2024 13:08:08 GMT

Microsoft trades in channels

Microsoft has overtaken Apple as the world's most value company. Microsoft has continued to gain due to growing cloud and AI services sector. However, Apple appears to have lost market share in China, as the Chinese consumers switch to local produced smartphones. This article concentrates on the Microsoft tech chart. From a technical perspective, Microsoft is surging in two large

Thu, 08 Feb 2024 15:33:31 GMT

British Petroleum breaks pattern

2023 was a year of declines for oil stocks, as prices plummeted at the end of the year. However, since November the prices have recovered and, despite lower earnings, oil companies have increased their dividends and share buy backs. Namely, investors get more value. Despite British Petroleum annual profit halving in 2023 to $13.8 billion, the company has revealed

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.