Long Term Apple Stock Chart Analysis:

When performing Stock Technical Analysis it is always best to get started by pulling up the stock chart you are interested in and looking over historical price action.

The best way to do this is to look at the 10 year chart.

Here is a 10 year chart of Apple starting at the end of 2001:

10 Year Apple Stock Chart

As you can see Apple’s stock price has been on an impressive move up over the past 10 years going from a low of around $6 to a recent high of around $426. Let me replace the word impressive with staggering!

Long Term Trend Apple Stock Analysis

So now let’s get into the breaking this chart down from a Technical Analysis perspective. First things first, let’s throw some arrows on the chart so we can get a feel for the long term price trend of Apple (you won’t need your glasses for this).

Ticker Aapl 10 Year Price Trending Analysis

As you can see since 2003 Apple’s stock price has moved higher in two long term uptrends with a small downtrend starting in late 2007 and ending around the first quarter of 2009. This blip down in stock price coincides with 2008 housing crisis and as the worst of it ended Apple’s price continued to move higher up to the writing of this article.

Apple Long Term Support and Resistance Levels

The next step in our long term analysis of Apple’s stock chart is to look at strong support and resistance levels. Now this is a very important step in the process. Marking long term support and resistance levels is always a good idea when conducting your Technical Analysis so let’s take a look.

Apple Intermediate Term Support/Resistance Levels

Since Apple (ticker: aapl) has been in a long term and consistent uptrend there aren’t too many significant horizontal levels of support and resistance. As you can see in the chart above there are two levels that were touched two or more times.

However, the diagonal channel would definitely represent a strong area of support or resistance when price approaches either line in the future.

When you are looking at charts and conducting Technical Analysis get into the habit of using different colors for different time frames. That way when you are looking at the hard right edge of the chart and see a certain color you immediately which time frame is represented.

This may seem like a trivial exercise but it is always important to start with a longer time frame and drill down to the specific time frame you are looking to trade.

So, the next step in the Stock Analysis Process is to look at…

Intermediate Term Apple Stock Chart Analysis:

To do the intermediate term analysis I usually set my chart to display two years of price data and repeat the same process from above.

Intermediate Term Trend Apple Stock Analysis

2 Year Apple Stock Chart Intermediate Term Trend

As you can see in the Apple Stock Chart above the intermediate term trend has pretty much been up (green up arrow) with a few consolidation areas where price went sideways for a few months (blue arrow).

I want to reiterate again that by drilling down from long term to intermediate term to short term you will get a better feel for how a stock has performed in the past as well as be able to better gauge where it may be headed in the future and that’s what trading is all about.

Now let’s take a look at…

Apple Intermediate Term Support and Resistance Levels

Apple Intermediate Term Support/Resistance (teal)

With the chart set to two year price data we can see that the long term up trend is continued over the past two years. There are more horizontal support and resistance zones (teal color) on this chart than the long term chart had but the overall up trend is intact on this chart as you can see represented by the diagonal upward trending channel.

Also noticed the purple lines on the chart. Now you see why it is important to always mark your chart with different colors representing different time periods of support and resistance. As a rule, longer term support and resistance levels are more significant than shorter terms areas.

Once you have completed long term and intermediate term Apple Stock Analysis now you are ready to move to the hard right edge of the chart and perform the Short Term Technical Analysis of the chart.