The negative divergence (red lines) is universal across all indicators. The RSI and stochastics are coming off overbot levels. Ditto money flow so they are agreeable to a downward path ahead. Price violated the upper band so the middle band, the 20 MA, at 139, and rising, is on the table. The rising wedge is bearish and price is beginning to collapse out the bottom.
The MACD line has that tiny sliver of bull juice remaining but this may only be enough fuel to create a short-term recovery rally for a few days or week or three, but price would be expected to roll back over to the downside due to the ugly neggie d, rising wedge and overbot conditions in this monthly time frame. From the long-term perspective, the best years for Apple are in the rearview mirror.
Since this is a monthly chart, you are seeing Apple's swan song after those many years of upside joy. It's all over but the crying. Of course Apple will be a dominant company for years to come but the stock price has peaked and is rolling over on the monthly basis. Apple will create a negative drag on the broad stock indexes.
The negative divergence on the weekly chart spanked AAPL lower in this near term. If you are in AAPL on the long side, the most prudent path forward is to sell it on the bounces going forward. Apple is expected to trade sideways to sideways lower for the months and years forward. CEO Cook will likely feel pressure as each month ticks by and the stock price seeps lower. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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