Apple Stock Faces Further Weakness as Technical Indicators Point to Slowing Demand and Institutional Selling

Apple stock has produced a "death cross" chart pattern, indicating potential further weakness. The 50-day moving average crossed below the 200-day average on March 14.

Apple shares broke down from a cup-with-handle base in December. The stock triggered multiple sell signals as it moved below the 50-day and 200-day lines.

Analysts see slowing demand and increasing competition weighing on Apple's profit outlook. March-quarter estimates call for flat earnings and a 4% drop in revenue.

Apple stock lost 11% year-to-date, performing poorly compared to tech giants other than Tesla. Its relative strength and accumulation/distribution ratings signal institutional selling.

The last "golden cross" for Apple formed in March 2023, about 10 weeks after shares bottomed from the prior decline. The friendly indicator often follows bottoming action.