Apple: the confirmation holds, highs stay close
Apple slips 0.2% but stays within reach of its highs as the buy signal holds
Apple: the confirmation holds, highs stay close
Our view last week
The buy signal that fired on Apple last week holds: the stock closes the week up 5.8%, with a clean double bottom in the 281 area and buyers dominating the tape (79% of volume on the buy side). The stock is working within a step of its record high, a level already tested recently: the confirmation is solid, but a fresh entry calls for waiting on a pullback.
This week's summary
Apple closes the week nearly flat, down 0.2%, but the stock stays glued to its record highs, with buyers still dominating the tape (89% of volume on the buy side) and money flow firmly positive. Apple's weekly technical analysis this week echoes last week's story: a clean double bottom and a buy signal that keeps holding, even as the latest candle shows the first signs of fading conviction. With earnings due this very week, caution stays the rule for any fresh entry.
IQS Phase
79
in tension
Signal Strength
55
medium
Sizing
STANDARD
Ranking
#53 / 124
US stocks in progress
Trade P&L %
+5.61%
from signal to today
Rank position
ranks 53rd among the 124 Longs already running for US stocks in our ranking, with a signal strength of 55 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly +0.17% · monthly -3.92%
AAPL belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
restricted Platinum content