| 
June 24, 2023
Having ended Thursday at $187, Apple came to a record high of $187.56 yesterday. Later, it lost 88 cents and closed at $186.68.
This uncertain state for Apple is reflected by published market data as United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. Fresh CFTC Gold speculative net positions data from United States came out at 163,000.
Apple made an initial break below its 5 day Simple Moving Average at $185.38, a possible indication of a forthcoming negative trend. Apple's upper Bollinger Band® is at $188.98, suggesting that a downward move may follow. In contrast, after reaching the $185.27 support zone, Apple bounced and climbed $1.41 above it.
According to technical indicators, Apple is positioned for a downward move in the short term.
Meanwhile, mixed performances were seen by other technology stocks as Accenture plc Class A (Ireland) went down 2.87%, closed at $307.25. Sony Group Corporation closed at $91.14 (down 2.86%). Texas Instruments went down 2.87%, closed at $172.63.
The stock has been trending positively for about 3 months. Apple hit a significant low of $125 around 5 months ago, but has since recovered 49.58%.
