Bangkok, Thailand - Sep 19, 2022: Apple iPhone 14 Pro Max smartphone new models, demo display launch at Apple store. Modern mobile phone technology concept
Apple stock price(AAPL) closed at $228.87 today, up +3.71%, reflecting strong market momentum following the company’s latest product releases, including the iPhone 16 series. The stock has gained traction, breaking through key resistance at $224.63, setting up for potential upside movement in the coming sessions. This price movement aligns with positive sentiment around Apple’s growth in both its hardware and services sectors.
AAPL stock has surpassed its important support level of $215.45, confirming its bullish momentum. If Apple stock price prediction keeps increasing, it may break through the $236.54 resistance level soon. In addition, the stock has encountered strong backing near $215, suggesting a robust purchasing force that may drive additional increases in the near future. The 200-day moving average acts as a solid foundation of support, matching up with a possible bullish continuation pattern.
Apple’s stock price prediction for 2024 continues to be optimistic. Analysts expect ongoing expansion fueled by the impressive results of services such as Apple Music, iCloud, and the App Store. The market anticipates that the increasing presence of AI and augmented reality in Apple’s product offerings will drive the stock price up. Key Apple stock forecast estimates see AAPL reaching $240 by the end of the year.
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This post was last modified on Sep 20, 2024, 14:17 BST 14:17