Apple stock is down more than 4% in the final session of the week, following the company’s earnings release yesterday. Apple reported earnings per share of $1.57, beating expectations of $1.43, while total revenue reached $94.04 billion, surpassing the $89.53 billion forecasted by the market.
However, despite the strong results, the stock is once again facing a notable short-term bearish bias as investor concerns grow. The primary issue is the perception that Apple is falling behind in the race for artificial intelligence, especially compared to its main competitors. In addition, shortly after the earnings announcement, it was noted that the company may face challenges in sustaining growth throughout the remainder of 2025, which has fueled additional downward pressure on the stock.
Sideways Range Emerges
In recent weeks, Apple’s price action has consolidated within a clear lateral range, with resistance around $211 and support near $194. So far, price fluctuations have not been strong enough to break this structure, and the latest bearish candlestick has reinforced the validity of the channel. For now, this sideways range remains the most relevant technical formation to watch in the upcoming sessions.
Technical Indicators
RSI:
The RSI line is falling rapidly and is now approaching the oversold zone at the 30 level. If the indicator reaches that threshold, it could suggest a technical imbalance, opening the door to a short-term bullish correction.
MACD:
The MACD histogram has moved into negative territory in recent sessions, suggesting a clear dominance of bearish momentum in the moving average structure. If this persists, selling pressure may continue to build in the near term.
Key Levels to Watch:
Written by Julian Pineda, CFA – Market Analyst
However, despite the strong results, the stock is once again facing a notable short-term bearish bias as investor concerns grow. The primary issue is the perception that Apple is falling behind in the race for artificial intelligence, especially compared to its main competitors. In addition, shortly after the earnings announcement, it was noted that the company may face challenges in sustaining growth throughout the remainder of 2025, which has fueled additional downward pressure on the stock.
Sideways Range Emerges
In recent weeks, Apple’s price action has consolidated within a clear lateral range, with resistance around $211 and support near $194. So far, price fluctuations have not been strong enough to break this structure, and the latest bearish candlestick has reinforced the validity of the channel. For now, this sideways range remains the most relevant technical formation to watch in the upcoming sessions.
Technical Indicators
RSI:
The RSI line is falling rapidly and is now approaching the oversold zone at the 30 level. If the indicator reaches that threshold, it could suggest a technical imbalance, opening the door to a short-term bullish correction.
MACD:
The MACD histogram has moved into negative territory in recent sessions, suggesting a clear dominance of bearish momentum in the moving average structure. If this persists, selling pressure may continue to build in the near term.
Key Levels to Watch:
- $211 – Main Resistance: Upper boundary of the current range. A breakout above this level could trigger a stronger bullish trend.
- $200 – Psychological Support: Round number zone, a breakdown here could activate an immediate bearish bias for the next sessions.
- $194 – Key Support: Corresponds to recent weekly lows. A move below this level would likely confirm a more extended bearish trend.
Written by Julian Pineda, CFA – Market Analyst
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.