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Stocks | Technical Analysis | Technology
Chart of the Day: Potential Breakout in Apple
David Russell
May 4, 2026

Apple has been snoozing for months, but there could be signs of a breakout

The first pattern on today’s chart is $278.85, the final price on November 28. AAPL probed that weekly level a few times but was unable to end a week above it until last Friday, May 4. Closing above it may suggest a longer-term breakout is taking place.

Second, the tech giant held its rising …

For more, please click here to view the related idea and chart analysis on TradingView.

Apple (AAPL), daily chart, with select patterns and indicators, courtesy of TradingView.

Tags: AAPL

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on more than two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them apprised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

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