See these Apple stock price levels as the $4 trillion market cap remains within striking distance

• Apple shares fell on Monday morning, tracking a broader decline in US stocks, but the company remains within striking distance of becoming the first company ever to reach a market value of $4 trillion.

• A bearish evening star pattern has formed over the past three trading sessions, indicating a potential reversal in the stock.

• Investors should monitor key support levels on the Apple chart around $237 and $218, with an upside chart-based price target near $278.

apple (Apple) Shares fell on Monday morning, tracking a broader decline in US stocks, but the company remains within striking distance of becoming the first company ever to reach $4 trillion. Market value.

Last Thursday, the company hit a new record high of just over $260 after Wedbush analysts led by Apple Bull Dan Ives said that Artificial Intelligence (AI) The demand prepares the tech giant for “The golden age of growth“In 2025. This week, investors will be watching whether Apple shares reach $264.62, the price needed to reach a market cap of $4 trillion.

The company first unveiled its AI software marketed as Apple Intelligence last June, but its rollout has been slow, as investors watch whether a major upgrade cycle to access features will lead to 2025 sales.

Apple shares fell 1.2% to $252.50 in midday trading Monday. Since the beginning of the year, Apple shares have risen nearly 31%, easily outpacing Standard & Poor’s 500 An increase of 24% over the same period.

Below, we take a closer look at Apple’s chart and put it into practice Technical analysis To identify several important price levels that investors may be watching.

Apple shares have been trending higher since breaking out of a wide range Ascending triangle Formation earlier this month. However, bearish Evening star pattern It has formed on the iPhone maker’s chart over the past three trading sessions, indicating a potential reversal.

Moreover, the stock price rose to a record high last week Relative Strength Index (RSI) Make a relatively shallow rise to form a downtrend DifferenceIt is a technical signal that indicates weakness in price momentum.

It is also worth noting Amount Sharp rises in stocks on June 21, September 20, and December 20, as these dates coincide with Triple magic days, portfolio suggestion Rebalancing By larger market participants, e.g Institutional investors And hedge funds.

Let’s define the key Support levels To see if the stock is undergoing a reversal, but also expect an upside Price target To monitor whether stocks continue their long-term upward trend.

The first eye level is around $237. This location on the chart may attract near buying interest 50-day moving average And the upper trend line of the ascending triangle, an area that may reverse from the previous one resistance In future support.

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