Apple

Resistance

Trillion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>AAPL stock price rose above the 50-day EMA it is likely that the bulls will push the price up&nbsp;</a> </li> 
 <li> <span>2</span> <a>Apple Inc. has recorded a quarterly revenue of $89.5 billion.</a> </li> 
 <li> <span>3</span> <a>There is a major resistance for AAPL bulls ahead, see the prediction below.</a> </li> 
</ul> 
<p>Apple Inc. (NASDAQ: AAPL) is one of the biggest companies in the world with over a $2.8 Trillion market cap, The revenue of Apple has grown by a compound annual growth rate (CAGR) of 9.02% in the last 6 years. On the other hand, the tech sector has been overvalued for the last 10 years.&nbsp;</p> 
<p>Moreover, the company’s industry-adjusted intrinsic growth is now close to the US economy growth rate. With the inflated value of the tech sector as a whole in recent times, AAPL stock price has grown more than 29% since last year. It is beating the overall market by more than twice the value.&nbsp;</p> 
<h2 class="wp-block-heading" id="strong-apple-s-record-earnings-for-4th-quarter-2023-strong"><strong>Apple’s Record Earnings for 4th Quarter 2023</strong></h2> 
<p>Tim Cook, the Chief of Apple, declared the financials for the final quarter of this year. The organization recorded a quarterly income of $89.5 Billion, a quarter-record revenue for iPhone, and an all-time revenue record in services.&nbsp;</p> 
<p>As indicated by Cook, this is the strongest product lineup that Apple has ever had. The iPhone 15 arrangement and carbon-unbiased Apple Watch models are in the spotlight. This is a major achievement in Apple’s endeavors to make all its items carbon-neutral by 2030.</p> 
<h2 class="wp-block-heading" id="strong-technical-analysis-and-prediction-of-the-aapl-stock-price-strong"><strong>Technical Analysis and Prediction of the AAPL Stock Price</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" loading="lazy" width="1600" height="764" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74.png" alt="AAPL Stock Price: Bulls Surpassed the 50-day EMA, What’s Ahead?" class="wp-image-179585" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74.png 1600w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-300x143.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-1024x489.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-768x367.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-1536x733.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-750x358.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/11/image-74-1140x544.png 1140w" sizes="(max-width: 1600px) 100vw, 1600px">
  <figcaption class="wp-element-caption">
   NASDAQ: AAPL stock chart by <a href="https://in.tradingview.com/chart/X78t0Vyp/?symbol=NASDAQ%3AAAPL">Tradingview&nbsp;</a>
  </figcaption>
 </figure>
</div> 
<p>The AAPL <a href="https://www.thecoinrepublic.com/2023/11/05/jpm-stock-price-fed-is-not-done-yet-says-jamie-dimon/">stock price</a> started rising at the start of January 2023. By the time March arrived, the bulls had broken a primary resistance level of $157 to continue their bull run. The investors and bullish traders did not lose control of their bullish rally and broke another primary resistance level by May.&nbsp;</p> 
<p>Along with AAPL stock, the top 7 companies on the S&amp;P 500 were also rising. This uptrend stopped when the bulls hit a resistance level of $188, which is near its all-time high level created in 2022. Since then, the AAPL stock price has been in a downtrend.</p> 
<p>At press time, the AAPL <a href="https://www.thecoinrepublic.com/2023/11/05/jpm-stock-price-fed-is-not-done-yet-says-jamie-dimon/">stock price</a> is trading at $179 with the continued downtrend. The current support is the bottom line of $173, while the immediate resistance is at $188.&nbsp;</p> 
<p>The bulls have just surpassed the 50-day EMA at $174, and rejection is not visible as of now. This is setting the prediction up for a bullish trend till the first resistance. If the AAPL stock price surpasses this level, then the next resistance is at a level of $198</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>Apple Inc. (NASDAQ: AAPL) is one of the top 7 companies in the S&amp;P 500. The company posted its results for Q4 of 2023 with record revenue for its major products and services. The current trend in AAPL stock is down while the short-term prediction is bullish.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<ul> 
 <li><strong>Support Levels:</strong> $171 and $157</li> 
 <li><strong>Resistance Levels: </strong>$188 and $198</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading in stocks or related indexes comes with a risk of financial loss.</p>

AAPL Stock Price: Bulls Surpassed the 50-day EMA, What’s Ahead?

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