Apple Shares Plunge as Technical Woes Mount Amid Supply Constraints

Apple shares continue to face technical challenges as they trade below their key short- and medium-term moving averages. Despite reporting a strong Q3 2026 revenue of $109.4 billion, representing a 16% year-over-year increase, the company's management warned that supply constraints are expected to worsen in the next quarter.

Regulatory risks also remain elevated due to ongoing App Store litigation, which could further impact Apple's operations and revenue. On the technical front, AAPL is trading below both its MA-20 and MA-50 moving averages on the H1 timeframe, while remaining above the MA-200, which serves as long-term support.

The immediate resistance is marked by the Ichimoku Kijun at $308.8, with support established at $299.02. Multiple indicators point to a sell signal, including MACD and RSI, which indicate selling pressure and a predominance of sellers.