Apple, Inc. Price Prediction: Is AAPL Stock Heading To $200?

• Apple (NASDAQ:  AAPL) price prediction establishes a strong bullish outlook.
• AAPL stock reported a Year-to-date growth of 47.23.
• AAPL stock made a new all-time high at $194.38.

Apple, Inc.’s price prediction highlights that the stock maintains a steady growth with a strong bullish trend which began at the start of 2023. The AAPL has been rising at a steady pace which resulted in a new all-time high of $194.48. The market has strong bullish sentiments which allows the buyers to keep buying at higher prices. The steady growth makes it an excellent hedge against inflation.

At the time of writing, Apple, Inc. closed its trading session on Thursday, 6th June 2023 at $191.81. The market closed with an increase of 0.25% from the previous day.

Can Apple, Inc. Continue to $200?

 Apple stock price prediction reveals that the stock witnessed a growth of 47.23% since the beginning of the year 2023. The daily chart shows a bullish market structure where the price keeps making higher lows and higher highs. The price is riding the wave of 9 and 15 EMA while being above the 200 EMA.

The AAPL stock broke its all-time high on 5th June 2023. The price surged 5% since then. The market has been moving along an ascending trendline since March 2023. This trendline acts as a significant support. At present, the bulls show no sign of stopping. With this pace, the price is likely to hit $200 per share soon.

The Market Follows a Strong Uptrend.

The 4-chart reveals that the previous candle closed above the 9 and 15 EMA. The price may continue to rise in the short term. The bulls like to catch the price at the dip and buy in with every pullback. AAPL stock witnessed a correction of almost 2.50% from its all-time high.

According to Fibonacci retracement, the price may go up to $198.00 if it breaks the all-time high. On the downside, the market has multiple support levels with the nearest at $187.00. The trend line is a very important support and a breach could result in a longer correction.

RSI

The RSI indicator is currently at 60.23. The market is slightly overbought. The current level represents bullish strength which will help the bulls to keep the prices up.

MACD

MACD made a bearish crossover. The indicator is above the 0 line. The market may get some consolidation or correction but it won’t fall significantly until MACD goes below the 0 line.

200 EMA

On the 4-hour chart, the price is trading above the 200 EMA. It indicates that the market is under buyer pressure and the bulls are in control. The 200 EMA will act as significant support.  AAPL price will continue to move down until it breaks below the indicator.

Conclusion

Apple, Inc.’s price prediction highlights that the stock maintains a steady growth with a strong bullish trend which began at the start of 2023. The stock performed extremely well in spite of global economic tensions. Apple, Inc. is a fundamentally strong company that always attracts investors. The market may be overbought but it will continue to rise as long as buyers continue to buy. The long-term outlook for AAPL remains bullish.

Technical Levels 

• The nearest support level: $187.80
• The nearest resistance level: $194.48    

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.