Watch Key Apple Stock Levels Before This Week’s Earnings Report

Key Takeaways

Apple stocks will draw attention before the tech giant’s eagerly awaited fiscal second-quarter earnings report, scheduled for release shortly after the market closes on Thursday.
Wall Street is closely monitoring the tech company's forecast for this quarter to assess how tariffs and possible price hikes may have affected customer demand.
Despite trading well above this month’s lowest point, the relative strength index suggests weak price momentum as we approach the earnings announcement.
Investors ought to keep an eye on significant support points for Apple’s stock price at approximately $169 and $157, as well as track important resistance zones close to $220 and $237.

Apple ( AAPL Shares will take center stage before the iPhone manufacturer’s much-anticipated fiscal second-quarter earnings, scheduled for release following Thursday’s market close.

Wall Street will closely monitor the tech company’s outlook for the present quarter to gauge their trajectory. tariffs with possible price hikes has had on the public's desire for the company’s products.

Investors will similarly seek information regarding recent claims that Apple plans to manufacture the majority of iPhones sold in the U.S. in India by late 2026. This move aims at reducing risks tied to the significant tariffs on imports from China, which has been home to approximately 90% of iPhone production according to reports.

As of Friday’s closing price, Apple shares are trading 16% below their value at the start of the year, though they've rebounded about 25% from their lowest point this month. Investors are currently evaluating the company’s strategies for dealing with tariff-induced difficulties.

Below, we dissect the technicals on Apple’s weekly chart And pinpoint crucial price points to keep an eye on before the technology leader releases its financial results.

Weak Price Momentum Before Earnings Report

After staging a dramatic intraday reversal above the 200-week moving average (MA), which is considered higher than typical volume Earlier this month, Apple's stock price has kept rising.

However, while the relative strength index (RSI) It has risen forward, but the indicator stays slightly under the 50 mark, indicating weak price momentum.

Let’s point out key support and resistance stages on Apple's chart that investors will probably keep an eye on.

Important Support Levels to Keep an Eye On

The initial zone to watch is situated around $169. If prices pull back to this level on the chart, they could potentially see robust buying support close to this month’s low point, which also nearly matches the levels seen in August 2022. peak and troughs In October 2023 and April 2024.

The bulls Failure to protect this crucial technical level may lead to a decline towards lower support at $157. Investors might look for opportunities here. entry points in this area close to a horizontal line This line links multiple high points and low points on the graph from September 2021 through March 2023.

Key Support Levels to Monitor

If a rally occurs, it’s important to monitor the $220 mark, which lies slightly beneath the 50-week moving average. Shares might encounter selling resistance around this zone. price action On the graph stretching back to June of last year.

Ultimately, additional purchasing might cause Apple's stock to return to the $237 level. Investors who have accumulated shares At reduced costs, one might look for options. profit-taking chances in this area around last year's July and October highs.

The views, thoughts, and insights presented on Cryptonesia are provided solely for informative reasons. Please review our warranty and liability disclaimer for more info.

At the time this article was published, the author did not possess any of the aforementioned securities.

Read the initial article on Cryptonesia