Apple (AAPL) Stock today rose higher after 3-month low, Trend remains down

By InvestMacro.com | #stocks #AAPL #Apple

Apple Inc. End of Day Update: October 13 2022

The Apple Inc. (AAPL) stock finished the day with a rise of 2.77 percent and closed the day at the 142.99 price level, according to unofficial data at the New York close.

Apple, an American technology company famous for its devices, opened the trading day at 139.13 price level with the high of the day at 143.59 and the low of the day dropping to 134.37.

The Apple stock had been dropping the majority of days over the past week and today fell to its lowest level in over three months below the $135 threshold. Apple found support at the major levels of $135 and $140 today to help boost the stock higher.

The AAPL Trend is Lower, RSI level is Bearish

The stock is currently trending down over the past 200 trading days, according to the linear regression line (red) seen on the chart below. AAPL trades under its 20-day moving average as well with the linear regression line and 20-day moving average line now converging near the $146 price area.

The Relative Strength Index, an indicator that can identify overbought (above 70) and oversold levels (below 30), shows that the current RSI is at a 42.4 score. This is a Bearish reading on the daily time-frame.

AAPL Price Returns (Closing Price Changes)

The AAPL has seen an increase by 0.36 percent over the past 10 days while seeing a decline of -9.05 over the past 30 days. The 90-day change is -2.02 while the 180-day return and the 365-day return are -10.09 and 12.84, respectively.

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