Apple Stock’s Death Cross: Is The iPhone Maker Heading For A Rotten Summer? – Apple (NASDAQ:AAPL)

Apple Inc. AAPL just bit into a Death Cross, and Wall Street is reaching for the antacids.

The Cupertino, California-based company’s stock has plunged 22.75% year to date. At $183.59, it is well below every major moving average and the technical picture looks grim.

Chart created using Benzinga Pro

If charts could scream, this one would be yelling “bearish.”

We Saw It Coming: Apple Stock Slammed By Trump Tariffs: Is A Death Cross Next?

Apple Stock: A Technical Meltdown In The Making

The Apple stock chart reads like a cautionary tale. The stock is now firmly under its five, 20 and 50-day exponential moving averages, a pattern that signals strong selling pressure. Its simple moving averages aren’t faring any better: the eight-day, 20-day, 50-day and even the 200-day averages all tower above Apple stock, painting a consistent — and bleak — technical narrative.

The Moving Average Convergence Divergence (MACD) sits at a deeply negative 8.16, flashing a red light for future downside. And if that weren’t enough, the Relative Strength Index (RSI) is a paltry 23.45 – officially in oversold territory.

Translation? The bulls are on vacation, and the bears are moving in.

Tariffs Take A Bite Out Of Apple

The technical weakness coincides with fundamental fears: tariffs. Apple stock tumbled 6.3% after Wedbush Securities analyst Daniel Ives, a longtime Apple bull, slashed his price target from $325 to $250, reported IBD. He warned that President Donald Trump‘s so-called “tariff Armageddon” could wreak havoc on Apple’s cost structure and consumer demand.

Apple is uniquely exposed with around 90% of iPhones still manufactured in China, and hefty portions of Mac and iPad production also tied to the region. Even though the company has tried to diversify its supply chain, it’s still knee-deep in Chinese assembly lines—exactly where Trump’s tariffs hit hardest.

The Cross Isn’t Golden

Apple’s current trajectory flashes every warning sign in the book — from moving average breakdowns to a gut-punched RSI. While long-term investors may still see value, the short-term chart is a bearish playground. And unless the tariff clouds clear, this tech titan might be headed for more turbulence.

So, is it time to panic? Not necessarily.

But when Apple makes a Death Cross, you might want to keep your finger near the power button.

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