AAPL Tightening Range Signals Pending Move at $348.91
Shares of Apple Inc (AAPL) rose 1.48% to $348.91 on October 30.
From a technical standpoint, the outlook appears mixed:
Moving Averages
Price trades above the 9-day EMA ($345.19) with a bullish stack. The 21-day EMA at $341.71 provides support.
Momentum
RSI at 61.9 is neutral but weakening. MACD reads 4.06 against its 4.06 signal line (bearish).
Volatility
A 18-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
The $332.10-$350.97 range defines near-term boundaries.
