Morgan Stanley Lowers Apple Price Target Due to Services Slowdown

Morgan Stanley's target price cut points to a slowdown in the services segment, creating a negative catalyst in the short term. The technical picture is also weak: the price is below the SMA20 and SMA50, below the MACD signal line, and the RSI at 38 confirms downward momentum. The 24-hour decline of 1.6% shows that selling pressure continues. Nevertheless, since the RSI is approaching oversold territory, limited and choppy weakness is more likely than a sharp drop. In the 1-3 day outlook, the downward bias stands out, but the news may be partially priced in.

Morgan Stanley's price target cut points to a slowdown in Apple's services segment, creating a negative news flow in the near term. Technical indicators already point to a weak picture: the price is below the 20- and 50-day moving averages, below the MACD signal line, and the RSI at 46 is in neutral-to-weak territory. The 24-hour change is around -2%, indicating that selling pressure persists. However, the fact that the RSI is not in oversold territory and the price is trading near the SMA50 suggests that the decline may remain limited. Therefore, although I see the direction as downward, I keep confidence at a medium level.