Apple stock due to report earnings Wednesday - Possible upside.

After 7 trading days spent oversold, Apple stock is now moving higher. what next?

Apple Shares Could Be Setting Up for a Bounce Ahead of Earnings

MACD and RSI suggest the stock may be ready to move if results impress

Apple shares look like they may finally be waking up after a long period of consolidation. With earnings due on Thursday after the bell, some simple technical signals are starting to point towards a possible rally if the numbers come in strong. EPS is expected to be $2.65 vs $2.40 Year-on-Year showing a growth in earnings of 10.4%

Apple Has Been Stuck for a While

The last time Apple shares showed real momentum was back on 26 November 2025, when the MACD indicator broke higher and the price pushed up to around $270.92

Since then, the stock has struggled to make progress. Prices have drifted lower and spent most of the time hovering around the $270 level. In simple terms, Apple has been stuck in a rut for weeks, with very little excitement for investors.

This kind of prolonged slowdown hasn’t really been seen since early 2024, which makes the current setup more interesting.

MACD Starting to Turn Higher

One encouraging sign is the MACD, which has been depressed for some time but has now started to move sharply upwards since this morning.

For newer investors, MACD is often used to spot changes in momentum. When it turns higher after a long flat or weak period, it can be an early sign that buyers are starting to step back in.

If Apple delivers a good earnings report on Thursday night, this upward move in the MACD could turn into a full breakthrough of the signal line, which is something many traders look for before jumping back into a stock.

RSI Suggests There’s Room to Rise

Another simple indicator worth watching is the RSI. Apple’s RSI is currently around 41, which is fairly low and well below overbought levels.

Apple has just come out of a prolonged period of being oversold on the daily timeframe after spending over 7 trading days below 30, which is rare, and only today has the stock moved out of this condition with a current reading of 40, suggesting the bottom may now have been priced in. In basic terms, Apple doesn’t look “too expensive” from a momentum point of view right now and could comfortably continue to rise.

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Earnings Are the Key Trigger

Everything now depends on Thursday’s earnings announcement.

If Apple meets or beats expectations, the technical setup could quickly improve. A strong report could push momentum firmly higher and help the shares break out of this long period of weakness.

In that scenario, a move towards $280.00 looks achievable and would be the kind of price level investors would like to see again.

On the flip side, if earnings disappoint, Apple could remain stuck and the current setup would lose its appeal.

According to tipranks, analyst recommendations put the stock at $298-$300 within the next 12 months, with a rating of 7/10.

Simple Takeaway

Apple shares have been quiet for a long time, but things may be starting to change. The MACD is turning higher, the RSI suggests there’s room to rally, and earnings are just around the corner.

For investors, this is a classic “wait and see” moment. A strong earnings report could finally kick-start the rally many have been waiting for, while a weak one may mean more patience is needed.

This is a personal market view and not financial advice. Always do your own research before investing.