(Finance) – Pressure on Apple which is trading at a loss of 2.91%.
Weighing on the company’s shares are analyst concerns about demand for the iPhone 16. In the first weekend of orders, sales are estimated at 37 million units, down 12.7% from the launch of the iPhone 15 last year, according to analyst Ming-Chi Kuo.
The technical scenario seen in one week of the title compared to the index Dow Joneshighlights a slowdown in the trend of Cupertino House compared to theAmerican indexand this makes the stock a potential selling target for investors.
The short-term technical picture of Apple shows an upward acceleration of the curve with a target identified at 217.5 USD. Risk of a drop to 214.2 which will not compromise the good health of the current trend but which represents a temporary correction. Expectations are for an extension of the bullish trendline towards 220.8.