Apple shares rebound but face key resistance at $200 price amid broader downtrend
Apple shares rise toward $200 but face longer-term resistance from broader downtrend
Apple Inc. (NASDAQ: AAPL) is showing signs of a technical rebound, with shares rising toward the critical $200 mark after a breakout from a descending triangle pattern. The stock is currently trading near $198, having confirmed support around $188 earlier in April. Despite this short-term strength, price remains within a broader downtrend channel that began in March, with the upper boundary now approaching $217.
The 4-hour chart reveals a clear upside breakout, supported by bullish crossovers on key indicators. The MACD has turned positive, and the 20 EMA has begun sloping upward. However, AAPL still trades below the 50, 100, and 200 EMAs, signaling that the larger trend remains bearish until a daily close above $205 or $210 confirms a structural reversal.
Bollinger Bands are expanding as volatility returns to the stock, with price nearing the upper band around $210.39. Meanwhile, RSI has climbed to 63.76, supporting the case for continued upside, though the overbought threshold is nearing. A sustained move above $200 would strengthen the bullish case, particularly if confirmed with volume and RSI > 70.On the downside, immediate support sits near $194.50, followed by stronger demand at $188. A breakdown below these levels would invalidate the short-term rebound and expose AAPL to the $170–$174 zone.
Apple share price dynamics (Dec 2024 - April 2025) Source: TradingView.
Short-term outlook hinges on $200 breakout
Apple’s short-term trajectory will likely hinge on whether it can maintain momentum above the $198–$200 resistance zone. For April 23, a strong open above $200 could lead to a push toward $207–$210. Conversely, if the rally falters and price dips below $194.50, it could prompt a retest of lower supports within the broader bearish structure.
In prior sessions, we highlighted $188 as a critical pivot, with consolidation and EMAs signaling that Apple could enter a transitional phase. That outlook remains valid unless $200 is breached with conviction.
