Apple (AAPL) remains a key stock in many investors’ portfolios, and its recent price action suggests critical levels to monitor before its next earnings report on April 24, 2025. By analyzing the daily chart on TradingView, we can assess its recent movements and potential future trajectory.
AAPL has been trading in a broad range for over a year, with consolidation leading to a breakout in mid-2024. Since reaching an all-time high near $260, the stock has retraced by approximately 13.5%, currently sitting at $227.48. This pullback aligns with technical corrections often seen after strong bullish trends.
? Support Zone: $219–$215
If price continues to decline, this could be a major decision zone for buyers stepping in ahead of earnings.
? Resistance Zone: $239–$240
Investors and traders may look to take partial profits if price revisits this zone before earnings.
? Bearish Case:
Given the current downtrend, the stock remains vulnerable unless buyers regain control at key support.
A strong bounce off $219–$215 could signal a temporary recovery, potentially pushing price back towards the $239–$240 resistance level.
Earnings & Broader Market Context
While past earnings reactions don’t guarantee future outcomes, April 24, 2025, will be an essential date to watch for potential catalysts. Whether AAPL breaks lower or rebounds, investors should closely track price behavior at support and resistance levels before making key decisions.
Apple stock is currently in a corrective phase, and its next major move depends on how it reacts to the $219–$215 support zone. If this level holds, a relief rally towards $239–$240 is possible. However, a break lower could lead to a more extended decline. As we approach earnings, traders should stay flexible and prepared for volatility.
This is not financial advice. Investors should conduct their own research before making any decisions.
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This article was written by Itai Levitan at www.forexlive.com. Read More Details
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