Apple Stock Soars After Foldable iPhone Duo Release
Apple's stock price has been on the rise after the company unveiled its latest foldable iPhone, the iPhone Duo. The device starts at $1,999 and was released alongside other new products such as the iPhone 18 Pro, AirPods 5, and Apple Watch Series 12.
According to TipRanks' technical analysis tool, Apple's stock currently has a Strong Buy signal in the one-week timeframe. The moving averages also point to a Strong Buy signal, with 11 bullish and one bearish signal.
The Relative Strength Index (RSI) of AAPL stands at 58.37, placing it in neutral territory. However, the Williams %R indicator measures where a stock trades within its recent price range and gives a positive signal for Apple's stock.
Wall Street analysts have a consensus Moderate Buy rating on AAPL stock, with an average price target of $335.87 implying about 6.5% upside from the current price. The technical indicators are flashing a Strong Buy signal over a one-week timeframe, which could support this prediction.