Annotated
AAPL · Apple
First read
The Tape · method tape-v1 tape as of Jul 10, 2026

The Tape — Apple

$315.32 last close · Jul 10, 2026

story (first read) as of Jul 10, 2026 · tape as of Jul 10, 2026 · price as of Jul 10, 2026

Regime

Uptrend intact — higher highs and higher lows since Jun 2026.

since Jun 2026 · confirmed weekly pivots (5-bar fractal)

Weekly structure

Apple Uptrend intact — higher highs and higher lows since Jun 2026. Zones: Jun 2026 supply, Jun 2026 demand, Dec 2025 supply, Feb 2026 supply. supply · Jun 2026 demand · Jun 2026 supply · Dec 2025 supply · Feb 2026 close 315.32 50-day 297.73 200-day 272.10 326.34 242.86 159.38 Jul 2024 Jul 2025 Jul 2026
3.0 years weekly, split/dividend-adjusted (Yahoo adjclose) · 50/200-day simple moving averages, unit: trading days · Jun 2026 supply, Jun 2026 demand, Dec 2025 supply, Feb 2026 supply zones dated by formation week

Readings

Nearest zone

Price is inside the Jun 2026 supply zone (291.13317.40).

Versus moving averages

Price is +5.9% versus the 50-day average and +15.9% versus the 200-day average.

Recent structure

Most recent structure: higher high in Jun 2026, higher low in Jun 2026.

Swing structure

HL 266.45 · Dec 2025 — LL 242.97 · Jan 2026 — LH 280.39 · Feb 2026 — HL 245.28 · Apr 2026 — HH 317.40 · Jun 2026 — HL 273.75 · Jun 2026

Between the lenses

The first read says: Apple trades within 2% of the Street's own average target — and that consensus does not close by DCF. The whole tension lives in the margin.

The tape says the uptrend is intact (as of Jul 10, 2026).

Here is what would change that reading:

  • A weekly close below the most recent higher low (273.75, Jun 2026) would break the sequence of higher lows that defines the uptrend.
  • Losing the Jun 2026 demand zone (273.75297.31) would remove the nearest shelf of prior buying.