AAPL Apple Daily Chart; Death Cross; Oversold; Lower Band Violation; Positive Divergence

Apple is ready to rally on the daily basis. The stoch's are oversold agreeable to a bounce. Price has violated the lower standard deviation band so the middle band, which is also the 20-day MA, at 142 is on the table.

All the indicators are possie d so AAPL is on the launch pad and all fueled-up for the long side. A pop from 131 to 142 is about +8% so we shall see what the tech giant has in store. Keystone is not trading Apple long or short right now.

The death cross (black circle) occurs when the 50-day MA stabs down through the 200-day MA. Usually the stock or index will then rally around the time the cross occurs since it takes many days for that deterioration to develop. Apple pops to 151 as the death cross occurs and then collapses. AAPL is in bigtime trouble going forward if the death cross remains in play.

The AAPL 2-hour chart is positively diverged so it is ready to rock higher. The short-term says up for Apple. Smack. A slap for the teeth. No, not from an ignorant comment, but from looking at the AAPL weekly chart to gain a more intermediate term perspective. The RSI, histogram and money flow are agreeable to the bounce in price now, in the hours and days ahead, but the MACD line and stochastics on the weekly chart want to see another price low, on the weekly basis, a couple weeks out. The RSI will probably want to touch the oversold level a couple weeks out as well.

Thus, for hours and days ahead, AAPL should move higher targeting the 20 at 142, but the weekly chart will be yanking price back down, on the weekly basis, for a lower low, say a 1 or 2 weeks out. At that time, if all the indicators are possie d, Apple may create a multi-week rally. The lower band is violated on the weekly chart at 133 and the middle band, which is also the 20-week MA, is at 158. That would be a crazy rally if it occurs. There is another scenario that calls for a rally on the weekly chart beginning this week similar to the SPX weekly chart (see below).

The Apple monthly chart is ugly; a disaster. The RSI goes sub 50% into bear territory and is weak and bleak along with the MACD and stochastics. Ugly. The monthly chart wants Apple to make lower lows on a monthly basis going forward. Thus, AAPL should rally for hours and a few days, but then soggy again say over the next week or two, and that would be a bottom as the month ends, and then Apple rallies a few weeks and then rolls over to die on a long-term basis.

Go back and read the analysis on the SPX weekly chart since Apple is similar. It may set up a lot faster if that MACD goes possie d as the week of trading begins. Watch that MACD line on the weekly chart like a hawk this week. If it goes possie d, the rally on the weekly basis would begin right away and AAPL would move higher with the rally expected for the SPX, but only for a few weeks and then the neggie d on the weekly chart will tell you when another important top is at hand and it is time to get out of the long side. 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.

Note Added Wednesday Afternoon, 6/22/22, at 5:00 PM EST: AAPL prints a HOD at 138 and closes at 135. The MACD on the weekly chart remains weak and bleak so price will need to roll back over lower and come down for another matching or lower low in price on the weekly basis, at some point forward, as explained above.

Note Added Saturday, 6/25/22: AAPL 142. Interestingly, on the AAPL weekly chart, the MACD line is flat but price never came down for the matching or lower low last week so it is not positive divergence. It is a positive development for Apple but technically it is not clean. The door remains open for price to come back down to 130-131 to print a matching or lower low, and then all indicators will likely be set up to rally. To make it simple, a multi-week rally still appears likely although it may stutter-step over the coming days.