Apple stock falls below $200 as bearish signals re-emerge
Apple stock holds below $200 with indicators flashing warning signals ahead of earnings week
Apple Inc. (AAPL) is facing renewed resistance just below the $200 mark, with its stock now consolidating in a narrowing range after an early April rebound. As of Monday’s close, the stock traded at $196.99, marking a pause in recovery attempts after failing to break through a descending trendline that has constrained gains since March highs near $220. Price action continues to reject around the 20 EMA at $198.42, reinforcing a bearish tone amid broader tech sector caution.
Technical indicators support this indecision. Apple trades below all key exponential moving averages on the 4-hour chart, with the 50 EMA sitting at $206.58 and the 200 EMA at $222.60. The RSI has slipped to 46.64, failing to sustain its bounce from oversold conditions, while the MACD’s narrowing histogram hints at weakening bullish momentum. Notably, the Bollinger Bands are tightening around the midline of $192.36, suggesting a volatility squeeze may be underway. A breakdown below this level could drag the stock toward $185.
Apple price dynamics (Nov 2024 - April 2025) Source: TradingView.
Support retest looms as breakout confirmation remains elusive
The stock has repeatedly found support in the $192–$194 area, with short-term bounces visible on intraday timeframes. However, a break below $193.64 could trigger a move toward $188.50 and possibly $183. Meanwhile, upside potential remains capped by the $198–$200 supply zone and the Keltner Channel's upper boundary. Traders will closely monitor whether Apple can reclaim the 50 EMA at $206.58 or if the current consolidation turns into distribution.
Unless there is a confirmed breakout above $200 supported by volume and RSI crossing 55, the short-term bias remains cautiously bearish. Price structure suggests a potential range setup between $199 resistance and $193.50 support as the market awaits clearer directional cues.As previously discussed Apple has remained under broad selling pressure through April. As noted in prior updates, unless the stock reclaims $206.58, the downtrend remains intact despite short-term bounce attempts.
