Apple Inc. shares climbed sharply into the end of the week, extending a short-term rebound after a mid-month pullback.
Apple closed at $270.01 on Feb. 2, up 4.06% on the session, before easing slightly in overnight trading to $268.22, according to market data. The move marked one of the stock’s strongest daily gains in recent weeks and pushed price back toward the upper end of its February range.
Apple Share Price 1M Chart. Source: CoinCodex
The rally followed several days of steady recovery. Earlier in the month, Apple shares slid from the mid-$260s and briefly dipped below $250 around Feb. 20. That decline unfolded gradually, with selling pressure increasing mid-month before price stabilized near local support.
After that low, buyers stepped back in. Over the past few sessions, Apple posted a series of higher closes, reversing the earlier downtrend. The rebound gained momentum late in the week, with price accelerating above $260 and finishing near the session high on Wednesday.
Volume picked up alongside the advance, suggesting broader participation in the move. While the one-month chart still shows volatility, the latest surge erased much of the mid-February loss and shifted near-term momentum back to the upside.
Overnight trading showed modest consolidation rather than continuation, with shares slipping less than 1% from the close. That pause reflects digestion after the sharp run-up, as the stock hovers just below recent highs.
Apple stock rebounds as call activity builds and price targets key average
Apple Inc. shares pushed higher in recent sessions as traders increased bullish positioning, with price rebounding from late-January lows and moving back toward a widely watched technical level.
Apple Inc. Daily Price Chart. Source: TradingView / X
The stock climbed after breaking out of a short-term descending channel, according to TradingView data shared by market analyst PeloSwing on Feb. 2. Apple traded near $265 on the session, recovering from a pullback that sent shares down toward the $248–$250 area late last month. That zone aligned with rising long-term trend support, where selling pressure eased and buyers re-entered.
Options data showed increased call activity early in the session, signaling expectations for further upside. The flow appeared as price stabilized above prior support and began forming higher intraday lows. At the same time, Apple moved closer to its 50-day simple moving average, currently near $268, which traders often treat as a near-term momentum marker.
On the daily chart, Apple remains within a broader uptrend that started mid-2025. The recent decline from the December peak near $288 unfolded in an orderly sequence, followed by a sharp rebound off trend support. Momentum indicators also improved, with the relative strength index rising back toward the mid-range after dipping near oversold territory.
If price holds above the recent breakout area, the 50-day average stands as the next technical level in focus. A sustained move above that line would place the upper $270s back into view, while failure to hold current levels could reopen the mid-$250 range as near-term support.
Source: https://coinpaper.com/14246/apple-stock-forecast-rebound-from-250-targets-50-day-average
