Apple (AAPL) stock price recorded gains in its latest intraday trading, while moving alongside a main short-term bullish trendline. Positive momentum has been supported by the emergence of a positive crossover on the Stochastic indicator after reaching deeply oversold levels, which helped the stock achieve these gains. However, the stock still faces negative pressure as it continues to trade below its 50-day SMA, which limits the chances of a sustained recovery in the near term.

Therefore we maintain a neutral outlook for the stocks upcoming intraday trading sessions, as long as support at $255.45 remains intact, with the price targeting the resistance level at $276.00.

Todays price forecast: Neutral