Apple Share Price Drops 29% from All-Time Highs – Key Support at 200-Day Moving Average

Apple Inc.’s share price has declined by 29% from its all-time highs, now hovering near the crucial 200-day moving average (200MA). This technical level, currently sitting at $177.86, has historically acted as a strong area of support. Notably, over the past four years, Apple’s stock has not tested this moving average, making its current position particularly significant as we enter the earnings season.

On the weekly chart, the recent dip saw Apple’s share price briefly touch the 200MA before bouncing higher. This rebound appears to be driven by market speculation around potential negotiations taking place ahead of new US tariffs, expected to come into effect at midnight.

In pre-market trading, Apple shares are priced around $185, staying above the key $177.86 support level. However, a decisive break and close below the 200-day moving average could trigger a further decline, potentially targeting the $165 level, especially if earnings guidance is revised lower due to tariff-related concerns.

Conversely, if the share price manages to climb back above the $200 resistance level, it could provide much-needed stability in what remains a highly uncertain market environment.

From a technical standpoint, momentum indicators are flashing oversold signals. The Relative Strength Index (RSI) is currently at 31—its lowest reading since 2022—while the stochastic oscillator has also entered oversold territory. These indicators may suggest a potential short-term rebound or consolidation near the 200MA, although this is not guaranteed, especially as geopolitical uncertainties and international responses to US tariffs continue to evolve.