Apple shares dropped 3% on Friday to around $195, losing ground for the eighth consecutive session.
Major Support Levels to Watch Further weakness from current levels could see the shares initially fall to around $193.
The bulls’ failure to successfully defend this level opens the door for a retest of lower support at $169.
Crucial Resistance Levels to Monitor Upswings in the stock could see the price initially climb toward $215.
Finally, a more-bullish move in Apple shares could fuel a rally to around $237.
Following a steep decline on Friday when President Donald Trump threatened to impose heavy tariffs on the company if it did not manufacture iPhones in the United States, Apple (AAPL) shares will be in the spotlight at the beginning of the holiday-shortened trading week. S. .
Trump claimed in a Friday morning post on Truth Social that he had informed Tim Cook, the CEO of Apple, that iPhones sold in the US have to be manufactured in the US. A. If not, Apple is required to pay the United States a tariff of at least 25%. S. . The president stated.
As Apple moves away from manufacturing iPhones in China, which has some of the highest import tariffs in the United States, Trump’s remarks were his most recent attempt to prevent the company from expanding iPhone production in India. S. . trading partners. Apple’s imports into the US. S. . have avoided harm thus far since the Trump administration exempted computers, smartphones, and a few other consumer electronics from “reciprocal” tariffs that were put in place in early April.
Apple lost ground for the eighth straight session on Friday, when its stock fell 3% to about $195. Due to the company’s high level of tariff exposure, sentiment toward it has soured, and since the beginning of 2025, the stock has lost 22% of its value, substantially underperforming its Magnificent Seven peers.
Using technical analysis, we examine Apple’s chart in more detail below and highlight key price levels to keep an eye on.
This is a Descending Broadening Formation.
With the price frequently tagging the pattern’s upper and lower trendlines, Apple shares have been trending lower within a descending broadening formation since hitting their record high in late December.
The stock recently encountered selling pressure close to the 50-day moving average and upper trendline of the pattern, which also happened to be the time that the relative strength index dropped below its neutral threshold, indicating waning price momentum.
It’s also important to note that in early April, the 50-day MA formed a “death cross,” a chart signal that portends additional declines, by crossing below the 200-day MA.
Let’s highlight the key levels of support and resistance that investors should be keeping an eye on on Apple’s chart.
Observe the Major Support Levels.
The shares may first drop to about $193 if they continue to decline from their current levels. This month’s low, which closely corresponds with a brief consolidation period that developed on the chart in the second half of May of last year, may provide support for the price.
A retest of lower support at $169 is possible because the bulls were unable to successfully defend this level. Prior to the final May stock gap above the 200-day MA, investors may look for buy-and-hold entry points in this area around April’s notable low and a brief period of sideways drift.
Essential Resistance Levels to Track.
The stock price may initially rise toward $215 during upswings. Near a trendline connecting a series of corresponding peaks and troughs on the chart that date back to June of last year, this area might offer overhead selling pressure.
Last but not least, an increase in Apple stock could spur a surge to about $237. Investors who purchased at a discount might choose to lock in profits in this area, where the chart showed significant peaks in July and October of last year.
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