AAPL Stock Analysis & GEX Options Insights – Feb. 18
Technical Analysis (TA) for AAPL
* Current Price Action: AAPL is forming a rising wedge pattern on the 1-hour timeframe, which is typically a bearish pattern if momentum weakens. However, the stock remains in an uptrend.
* Support & Resistance Levels:
* Immediate Resistance: $245 - A key level that aligns with the 66.1% Call Wall.
* Next Resistance: $250 - This is the Gamma Resistance Zone where a rejection is possible.
* First Support: $242 - If AAPL pulls back, this zone should be watched for a potential bounce.
* Major Support: $234 - A breakdown of $242 could lead to testing this lower support.
* Critical Breakdown Level: $226 - Losing this level could trigger a significant downside move.
* Indicators:
* MACD: Slight bearish divergence forming, indicating slowing momentum.
* Stochastic RSI: In overbought territory, signaling potential short-term weakness.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 → This is the strongest resistance zone.
* 35.91% Call Wall: $255 → Another major resistance area.
* 66.1% Call Wall: $245 → AAPL is currently testing this level, meaning a breakout could fuel a strong move towards $250.
* Put Wall Support: $225 → If AAPL drops, this level could provide support.
* IV & Sentiment:
* IV Rank (IVR): 28.4 → Moderate implied volatility, meaning options are priced fairly.
* IVx Avg: 30 → Slightly elevated but stable.
* Options Sentiment: Calls = 4.6% → Slightly bullish, but nothing extreme.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $245 with strong volume.
* Target: $250 (Gamma Squeeze Potential).
* Stop Loss: Below $242.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $242.
* Target: $234 or $226 (Put Support).
* Stop Loss: Above $245.
Final Thoughts
* AAPL remains bullish but is approaching key resistance at $245 and $250.
* A rejection at $245 could trigger a pullback to $242 or lower.
* Options flow suggests a potential squeeze to $250, but traders should be cautious of a pullback if momentum weakens.
* Best Trade Approach: Watch for confirmation of a breakout or breakdown before committing to a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
* Current Price Action: AAPL is forming a rising wedge pattern on the 1-hour timeframe, which is typically a bearish pattern if momentum weakens. However, the stock remains in an uptrend.
* Support & Resistance Levels:
* Immediate Resistance: $245 - A key level that aligns with the 66.1% Call Wall.
* Next Resistance: $250 - This is the Gamma Resistance Zone where a rejection is possible.
* First Support: $242 - If AAPL pulls back, this zone should be watched for a potential bounce.
* Major Support: $234 - A breakdown of $242 could lead to testing this lower support.
* Critical Breakdown Level: $226 - Losing this level could trigger a significant downside move.
* Indicators:
* MACD: Slight bearish divergence forming, indicating slowing momentum.
* Stochastic RSI: In overbought territory, signaling potential short-term weakness.
Options Flow & GEX Analysis
* GEX (Gamma Exposure):
* Highest Positive NetGEX / Call Resistance: $250 → This is the strongest resistance zone.
* 35.91% Call Wall: $255 → Another major resistance area.
* 66.1% Call Wall: $245 → AAPL is currently testing this level, meaning a breakout could fuel a strong move towards $250.
* Put Wall Support: $225 → If AAPL drops, this level could provide support.
* IV & Sentiment:
* IV Rank (IVR): 28.4 → Moderate implied volatility, meaning options are priced fairly.
* IVx Avg: 30 → Slightly elevated but stable.
* Options Sentiment: Calls = 4.6% → Slightly bullish, but nothing extreme.
Trade Setups
📈 Bullish Scenario (Breakout Play):
* Entry: Above $245 with strong volume.
* Target: $250 (Gamma Squeeze Potential).
* Stop Loss: Below $242.
📉 Bearish Scenario (Breakdown Play):
* Entry: Below $242.
* Target: $234 or $226 (Put Support).
* Stop Loss: Above $245.
Final Thoughts
* AAPL remains bullish but is approaching key resistance at $245 and $250.
* A rejection at $245 could trigger a pullback to $242 or lower.
* Options flow suggests a potential squeeze to $250, but traders should be cautious of a pullback if momentum weakens.
* Best Trade Approach: Watch for confirmation of a breakout or breakdown before committing to a trade.
🚨 This analysis is for educational purposes only. Trade responsibly and manage risk! 🚨
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.