Watch These Apple Stock Price Levels as $4T Market Cap Remains in Striking Distance | Global News Avenue

apple(AAPL) shares were lower on Monday morning, tracking a broader decline in U.S. stocks, but the company remains far away from becoming the first-ever company to reach a market value of $4 trillion. Market value.

On Thursday, Wedbush analysts led by Apple bull Dan Ives said the company hit a new record high of just over $260. Artificial Intelligence (AI) Demand has made the tech giant “golden age of growth” 2025. This week, investors will be watching to see whether Apple stock can hit $264.62, which would be needed to reach a $4 trillion market cap.

The company first launched artificial intelligence software under the name Apple Intelligence in June, but the rollout has been slow and investors are watching to see whether a major upgrade cycle to access the features will boost sales in 2025.

Apple shares fell 1.2% to $252.50 in midday trading on Monday. Apple shares are up about 31% since the start of the year, handily outperforming the broader market S&P 500 Index Growth was 24% over the same period.

Below, we take a closer look at Apple’s chart and apply technical analysis to identify several important price levels that investors may be concerned about.

Evening star pattern appears

Apple shares have been moving higher since breaking out of the broader market ascending triangle was formed earlier this month. However, bearish evening star pattern The trend has been building on the iPhone maker’s charts over the past three trading sessions, suggesting a possible reversal.

Additionally, as the stock climbed to an all-time high last week, Relative Strength Index (RSI) Created a relatively shallow high to form a bearish disagreementwhich is a technical signal indicating weakening price momentum.

It is also worth noting that volume The stock peaked on June 21, September 20, and December 20, dates that coincided with triple witchcraft day, recommended portfolio rebalance Larger market players such as institutional investors and hedge funds.

Let’s identify the key support level Watch to see if stocks reverse while predicting bullishness price target Monitor whether the stock price continues its long-term upward trend.

Key support levels worth paying attention to

The first level costs approximately $237. This location on the chart may attract nearby buying interest 50-day moving average As well as the top trendline of the ascending triangle, this area may flip from the previous area resist to future support.

A decisive close below this area could see Apple shares move back toward the $218 level, and investors may keep an eye on this area entry point Close to connecting a series of comparable trend lines price action on the June-September chart.

Bullish price targets to monitor

Here’s how investors can predict bullish price targets Measurement principlea technique that analyzes previous chart patterns to predict potential future movements.

To apply this tool to Apple’s chart, we calculated the distance between the two trend lines of the ascending triangle near its widest point and added that value to the initial value. breakthrough area. For example, we add $41 to $237 with a forecast target of $278, which is where technical traders might be looking exit point.

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As of the date of this writing, the author did not own any of the securities mentioned.