Watch These Apple Stock Price Levels as $4T Market Cap Remains in Striking Distance

Apple's AI Software and Market Performance - Apple unveiled its AI software, Apple Intelligence, in June, with a slow rollout and potential impact on 2025 sales [1] - Apple shares have gained around 31% since the start of the year, outperforming the S&P 500's 24% increase [21] Technical Analysis and Key Price Levels - Apple shares moved lower Monday morning, tracking a broader decline for U S stocks, but the company remains close to reaching a $4 trillion market capitalization [17] - A bearish evening star pattern has formed over the past three trading sessions, indicating a potential reversal in the stock [7] - Key support levels to watch are around $237 and $218, with a bullish price target near $278 [7][13] - The first level to eye sits around $237, near the 50-day moving average and the ascending triangle's top trendline [6] - A decisive close below $237 could see Apple shares retrace to the $218 level [14] - The bullish price target of $278 is calculated using the measuring principle, adding $41 to the initial breakout area of $237 [15] Market Activity and Investor Interest - Volume spikes in the stock on June 21, Sept 20, and Dec 20 coincided with triple witching days, suggesting portfolio rebalancing by larger market participants [2] - Last Thursday, Apple set a fresh record high just above $260, with analysts predicting a "golden era of growth" in 2025 due to AI demand [20] - Investors are watching if Apple shares can hit $264 62, the price needed to reach a $4 trillion market cap [20] Chart Patterns and Momentum - Apple shares have trended higher since breaking out above a broad ascending triangle formation earlier this month [18] - The relative strength index (RSI) made a comparatively shallower high as the stock climbed to a record high last week, creating a bearish divergence and indicating weakening price momentum [8]