Apple Stock May Fall to $245 by Late 2026 Amid Technical Analysis Warning
Technical analysis by TradingShot predicts Apple's stock will drop to $245 by late December 2026, representing a 32.2% decline from its July peak of around $360.
This forecast is based on recurring patterns in Apple's weekly chart, including weakening momentum and bearish signals like a declining Relative Strength Index (RSI) and a bearish Moving Average Convergence Divergence (MACD) crossover.
Despite the predicted correction, Apple's fundamentals remain strong with record Q3 2026 revenue and profit growth.
The company's leadership changes, ongoing AI and product innovations add complexity to the stock's performance, suggesting it might become a buying opportunity once momentum indicators improve.