Apple Falls to Strong Sell Candidate Amid Weakened Technical Forecast

The Apple stock price fell by -1.17% on Tuesday, September 8th, from $319.97 to $316.22.

Despite a 1.89% gain over the last two weeks, the technical forecast for Apple has weakened due to several negative signals.

The stock is expected to rise by 7.60% in the next three months with an 90% probability of holding a price between $318.08 and $378.45, according to HSBC's 'Buy' grade recommendation from September 8th.

A buy signal was issued by the 3-month Moving Average Convergence Divergence (MACD), but several sell signals were also triggered due to short-term and long-term Moving Averages.