Apple stock is showing upward bias. Where are AAPL shares going?
Can Q3 Earnings Justify Apple’s Surge to Record Highs?The latest setup centers on whether upcoming results can "earn" the rally after the stock hit a new all-time high Wednesday, with third-quarter expectations calling for revenue of $108.86 billion versus $94.04 billion a year ago and EPS of $1.89 versus $1.57. Bank of America analyst Wamsi Mohan recently highlighted the new Apple Upgrade program, noting that combining lease revenue, trade-in value, and faster refresh cycles creates a strong monetization model.“We think Apple Upgrade could also give Apple greater control over customer relationships,” Mohan added in a note to investors.Apple Technical Analysis: Key Levels To WatchApple is still in a clear longer-term uptrend, trading above its 20-day, 50-day, 100-day, and 200-day moving averages, and it’s sitting just below the $344.57 52-week high after a July peak. The 20-day SMA remains above the 50-day SMA, and the golden cross that formed in September 2025 keeps the bigger-picture trend biased higher unless price starts losing key supports.For momentum, MACD is above its signal line with a positive histogram, which typically means upside momentum is improving versus the prior downswing even if the stock chops near highs. That matters here because a premarket pullback can stay "constructive" as long as momentum doesn’t roll over while price holds above the nearer trend bands.
