Apple erased gains after record high, closed at $184.92

Having ended Thursday at $186, Apple came to a record high of $187 Friday. Later, it lost $2.08 and closed at $184.92.

The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. Apple's upper Bollinger Band® is at $188.06 which indicates a further downward move may follow. In contrast, Apple could begin to recover as it approaches significant support, now $1.12 away from $183.8. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for Apple.

Apple was not the only decliner in the technology sector; Sony Group Corporation went down 2.11%, closed at $99.67. AMD closed at $120.08 (down 3.35%). ASML Holding lost 2.28% Friday and closed at $721.88.

Furthermore, United States Building Permits (May) will be released tomorrow at 12:30 UTC.

The stock has been trending positively for about 3 months. The sleek smartphone manufacturer is now trading 48.78% above the significant low ($125) it slumped to 5 months ago.