Apple stock price holds near $197 as rebound struggles below key EMA resistance
Apple stock hovers at $197 as short-term bounce hits resistance near the 50 EMA
Apple Inc. (NASDAQ: AAPL) is consolidating around $197.49 after rebounding from a steep decline earlier this month that saw the stock fall below $170. While short-term price action suggests a modest recovery, the broader technical structure remains bearish. AAPL is currently forming a rising wedge within a larger descending channel that has defined price action since February highs near $230.
On the 4-hour chart, Apple is testing the 20 EMA at $198.47 and remains below the 50 EMA at $206.60. The longer-term 100 EMA ($215.93) and 200 EMA ($222.61) continue to slope downward, reinforcing the prevailing downtrend. A breakout above $213 would be needed to shift sentiment decisively bullish. Key support lies between $190 and $192, with deeper downside risks below $170.
AAPL stock dynamics (January 2025 - April 2025) Source: TradingView.
Momentum weak despite short-term bounce
Momentum indicators suggest mild recovery. The RSI on both the 4-hour and daily charts hovers below 50, at 47.15 and 46.07 respectively, signaling consolidation rather than strength. The MACD has moved above the zero line but lacks conviction, while Bollinger Bands are narrowing, indicating reduced volatility. A breakout or breakdown may be imminent.
Meanwhile, the Stochastic RSI is flashing early signs of overextension in the short term. With values at 77.29 (K) and 82.51 (D), the indicator suggests that the recent push may be overbought, and a near-term pullback toward the $192–$194 zone remains possible.
Trend confirmation hinges on breakout above $205–$213
While Apple’s stock has shown resilience since its April dip, it remains technically capped below major resistance zones. The supply region between $213 and $219 must be cleared with strong volume for bullish sentiment to return. Until then, traders should watch for rejection at EMA levels and possible continuation within the descending channel.
In prior updates, we highlighted Apple’s need to reclaim its 100 and 200 EMAs for a meaningful reversal. The recent bounce offers hope, but without confirmation above $213, the broader trend remains fragile and vulnerable to renewed selling.
