Apple stock price holds near $198 as bulls eye breakout above key resistance
Apple stock trades within a symmetrical triangle as it faces strong resistance near the $206 level
Apple stock price today is hovering near $198.40 as of June 17, 2025, reflecting a modest intraday gain of 0.27%. Despite a recent bounce from $189, the stock remains capped below the $206–$208 resistance zone, with technicals showing compression and hesitation near major supply levels.
Key highlights
- Apple trades near $198.40, consolidating beneath resistance at $206–$208
- Symmetrical triangle on lower charts signals compression with weak trend conviction
- Breakout above $206 needed to target $211.60, while loss of $195 may expose $189
On the daily chart, Apple Inc. (NASDAQ: AAPL) continues to consolidate below a major descending trendline drawn from its all-time high near $230. The stock has attempted several rallies into the $206 area since April, but each move has stalled, reinforcing the presence of supply. Current price structure reflects a tight range between $196 and $205, with no decisive breakout as volume remains soft.
Apple price dynamics (Source: TradingView)
The 4-hour chart shows the price coiling within a symmetrical triangle, suggesting neutral sentiment with a slight bearish tilt. This range, defined by lower highs and a horizontal base, mirrors the lack of conviction from bulls despite a recent recovery from $189. The 100 EMA at $205.14 serves as a dynamic resistance level, and without a strong close above it, upside remains capped.
Indicators show low momentum as range tightens
Technical indicators reinforce the consolidation view. The RSI on the 30-minute chart stands at 54.79, indicating balanced momentum. MACD shows a recent bullish crossover but still remains below the zero line, suggesting early signs of a potential shift. Meanwhile, Bollinger Bands on the 4-hour chart have begun to widen slightly, hinting at incoming volatility.
The price is currently hovering near the intraday VWAP at $197.89, showing no strong buyer-seller dominance. Directional Movement Index (DMI) reads weak trend strength, with ADX below 20 and DI lines frequently crossing. support/resistance levels show a heavy supply ceiling between $204 and $211, which would require a volume-backed breakout to clear.
Medium-term outlook hinges on $206 breakout
A breakout above $206 could pave the way for a test of $211.60—where the 200 EMA on the 4-hour chart aligns. On the downside, a loss of $195 may trigger deeper pullbacks toward $189 or even $183. Until either zone breaks with confirmation, the bias remains neutral, and price action is likely to remain in a sideways drift.
In earlier coverage, we emphasized the significance of the $206–$208 resistance band and bearish EMA stack suppressing upward momentum. That structure remains intact, and the current technical setup reinforces our earlier view that a sustained move above $206 is required to revive bullish sentiment in Apple stock.
