Apple Inc. (AAPL) stock price recorded a slight advance in its latest intraday trading, as the stock attempts to recoup part of its previous losses while also trying to unwind some of its clear oversold conditions on the RSI, especially with the beginning of incoming positive signals. This comes amid continued negative pressure from trading below its SMA50, which represents dynamic resistance that limits the stock’s chances of achieving a full recovery in the near term.

 

Therefore we expect the stock price to decline in upcoming trading, especially if it breaks below the current $260.10 support level, to target the key support at $248.70.

 

Today’s price forecast: Bearish