Apple Forecasted Value: What Are the Experts saying?
In the context of forecasting Apple's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Apple's downside and upside margins for the forecasting period are 152.93 and 155.13, respectively. We have considered Apple's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Recommended stop-loss: $144.52
The stock lies in the middle of a narrow and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.07% during the next 3 months and, with a 90% probability hold a price between $183.31 and $190.45 at the end of this 3-month period.
Several short-term signals, along with a general good trend, are positive and can be concluded that the current level may hold a buying opportunity as there is a fair chance for Apple stock to perform well in the short-term.
AAPL Current score: 2.788
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