Apple stock: buy or sell

AAPL stock price: $132.30 1.41% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

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Apple stock brief

  • Apple stock moved up 1.41% to close at $132.30 on the stock market on Monday.
  • The price is currently above the upper Bollinger band, which often indicates a short-term correction
  • The stock is configuring an uptrend pattern since last March, when it bottomed at $116.01. Up to date, the uptrend marked a 14.04% gain since the beginning of this rally
  • Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services.

Should I buy Apple stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $AAPL stock a buy?

In the current situation of Apple there is just one buy setup eligible:

Uptrend buy setup

Apple stock continues to trend higher since last March and has marked a gorgeous 14.04% gain. Price marked a pull back in this uptrend at $122.25 in mid-May, and since then it bounced up a 8.22%. Now, it's just 3.43% away from breaking out over its last top and resume the uptrend. The new buy point is therefore at $136.84. If you decide to enter this trade, the suggested stop loss is at $123.16

Buy setupBuy pointStop lossRisk
Uptrend buy setup$136.84$123.1610.00%

Should I sell Apple stock?

Knowing when to sell a stock is even more difficult than knowing when to buy it. In the same way as when we have to buy shares, deciding when is the best time to sell is not a whimsical decision, and we must use our own trading style. When selling, as well as buying, detailed setups are very simple to use but are only valid for selling stocks you already own, not for selling short Apple stock

As a golden rule, you should never hold a trading operation that produces greater losses than those expected by the time of purchase. When to sell your stock must always be determined by the stop-loss (automatic or manual)

Is it time to sell Apple stock?

Currently, Apple stock doesn't match any of our preferred sell setups, so if you own Apple shares and your operation is in profit probably is not time to sell now

Apple ratings

In the last 30 days, 6 analyst ratings were published for Apple

Apple analysts' ratings - Last month
Brokerage firmRating
May 25th, 2021
Barclays
May 26th, 2021
Fundamental Research Strong buy
May 28th, 2021
New Street Research NeutralStrong sell
Jun 8th, 2021
Credit Suisse Group Neutral
The Goldman Sachs Group Neutral
Jun 15th, 2021
Fundamental Research Strong buy

Apple stock analysis

Since last March, Apple has been printing an uptrend that so far marked an amazing 14.04%. The price shows higher highs and higher lows, and along the way gave some entry points for those who wanted to trade in. Latest low was in mid-May, when price bounced at $122.25. Now, it moves in a consolidation between its last top ($136.84) and its last bottom ($122.25)

SMAs overview

AAPL stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $136.84 (3.43% above)
  • R2: $137.30 (3.78% above)
  • R3: $138.35 (4.57% above)
  • The current support levels are:

  • S1: $127.00 (-4.01% below)
  • S2: $125.98 (-4.78% below)
  • S3: $124.78 (-5.68% below)
  • Bollinger bands

    Price readings both above or below the Bollinger Bands tell us that the price has followed a strong trend that has led to extreme highs or lows. In this case, the price is above the upper band, meaning a possible near-term corrective movement (at least) until it is below the band

    AAPL stock Bollinger Bands chart

    Relative strength index

    When the moves for so long below 70 and above 30, without showing moments of overbought and oversold, the indicator turns out to be of little use, and we are now in one of these cases.

    AAPL stock RSI chart

    Apple stock price history

    Apple went public on Dec 12th, 1980 at $0.10 per share1. Since then, AAPL stock has risen by 132,200.00%, with an average of 3,305.00% per year. If you had invested thousand dollars in Apple stock at that time, it would have a value of $1,323,000.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    AAPL stock price history chart

    Price target for Apple stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. However, many stock price predictions are published every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions release their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental data by the company, and usually. Again, these predictions are not direct recommendations for individual traders and must not be trusted blindly.

    Averaging all price targets exposed below, the estimated price for Apple stock is $132.09. Apple closed at $132.30 on Monday, that is a 0.16% than the target price.

    Apple stock price predictions
    Brokerage firmPrice target
    May 25th, 2021
    Barclays $138.00$134.00
    May 26th, 2021
    Fundamental Research $148.12$144.27
    May 28th, 2021
    New Street Research $90.00
    Jun 8th, 2021
    Credit Suisse Group $150.00
    The Goldman Sachs Group $130.00
    Jun 15th, 2021
    Fundamental Research $148.12$144.27

    Earnings and financials

    Last April, Apple Inc. ($AAPL) posted adjusted EPS for that strongly beat Wall St. expectations. Quarterly EPS was $1.40 per share compared to the forecasted $0.99. This Q2 report means an earnings surprise of 41.41%. Estimated turnover was $77.4 billion but Apple uplifted by 15.82%, posting $89.6 billion.

    Compared to the same quarter last year, EPS was $0.64, so posted EPS means a gain of 118.75%. Looking at turnover, figures skyrocketed a 53.63% compared to $583.1B same quarter a year ago.

    Apple ($AAPL) will host the Q3 earnings call late next July. Estimated for this quarter is $0.99, compared to $1.40 that was reported for Q2.

    Apple performance

    AAPL performance compared
    Company1m3m6m
    Apple ($AAPL) 3.50% 7.50% 2.90%

    Important note:
    The thoughts published in this article are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not know the specific conditions of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are provided for educative motives only

    Apple summary

    Monday, June 21st, 2021
    Open$130.3
    Close$132.3
    Day range$129.21 - $132.41
    Previous close$130.46
    Session gain1.41%
    Average true range$2.34
    50d mov avg$128.93
    100d mov avg$127.71
    200d mov avg$124.14
    Earnings dateJuly 29th, 2021

    Frequently asked questions

    What is Apple stock symbol?

    Apple Inc. is a public company trading in the US stock market with the AAPL symbol

    Is Apple stock a buy or sell?

    Apple received 6 ratings in the last 30 days: 2 bullish, 1 bearish and 2 neutral.

    Will AAPL go up?

    Apple had different price forecasts issued by market analysts in the last 4 weeks setting the target price to $132.09. That is a 0.16% than the current price ($132.30).

    Latest Apple news