AAPL Stretched at $312.06, RSI Overbought
Apple Inc (AAPL) closed down 0.15% at $312.06 on May 31.
Technical indicators paint a bullish picture:
Momentum
RSI at 78.8 is elevated in overbought zone, which often precedes pullbacks. MACD is bullish (10.39 vs signal 9.77).
Moving Averages
The stock holds above both the 9-day ($306.72) and 21-day ($297.17) EMAs, confirming the uptrend.
Volatility
Bollinger Band width at 13.8% indicates normal volatility.
While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.
Key levels to watch: Support at $277.01, Resistance at $318.07.
