Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
Apple's stock fell 1.11% in the last session, or 1.97 points, while settling anew below 177.07, representing the ratio 61.8% of Fibonacci retracement levels for an ascending wave in the medium term (from 142.21 to 233.47), while the RSI reached overbought levels compared to the stock's movements.
Therefore we expect more losses for the stock, targeting the next support at 163.75, which represents the ratio 76.4% of the same retracement levels mentioned above, as long as it settles below 177.07.
Expected trend for today: Bearish