Technical analysis: golden cross formation in focus
Apple’s share price corrected as much as 15% from its December 2025 peak during the period of market turbulence in March. The stock has since recovered approximately 11%, though it has yet to reclaim its all-time high even as the broader Nasdaq 100 index has set a new record.
The medium-term trend remains constructive, with the shares trading comfortably above key moving averages (MAs). The near-term technical analysis picture is also encouraging, with the formation of a higher-low pattern suggesting underlying demand.
A positive earnings surprise could catalyse a break above the resistance line currently at $274 — the level connecting local peaks since December — opening a path toward a new record above $288. Conversely, a disappointing result would reinforce that resistance and could direct share prices towards the immediate support cluster at the 20-day and 50-day MAs near $260, with the 200-day MA at $253 serving as the next key downside reference.
A potential golden cross formation between the 20-day and 50-day MAs also warrants monitoring, as trend-following inflows could provide an additional tailwind should it materialise.