Chart of the Day: Apple Tries to Make a Stand

Apple AAPL is one of those names that everyone seems to follow for clues about the stock market, economy, consumer spending and so much more. "The crowd" gets very excited about new products when they are released and more recently, the new iPhone with 'Apple Intelligence' has been met with some great enthusiasm. 

Per usual, the stock often jumps on the anticipated giddiness of the market and then"'crashes" down when high expectations are met with disappointment. Clearly the stock's movement in the short term is a head scratcher, but for those with a long-term view of Apple, they continue to make money year in and year out, which is why we continue to keep the stock as a core holding in TheStreet Pro Portfolio.

Certainly over the last few weeks Apple has seen its share of disappointing price action. The stock is actually down in 2025, though it is early. 

A massive flush in January dropped the stock about 15% but it is now on the mend. The recent bearish purple/pink candles are now amber, and with some upside we could see this move back into the bullish camp (teal/blue).

MACD (moving average convergence/divergence) is on a buy signal and money flow (bottom pane) has improved sharply. That is important to see as there are no catalysts to bring the "hot money" into Apple, we simply have the big money piling into the stock, the long-term holders of Apple. That is a positive.

Let's see if the momentum continues. 

We like Apple in TheStreet Pro Portfolio and rate it at Two, or "stockpile on pullbacks."

At the time of publication, TheStreet Pro Portfolio was long AAPL.