# Apple stock chart shifts from trend to range

> Apple's stock chart shows signs of shifting from upward trend to sideways movement.
- Title: Apple stock chart shifts from trend to range · TradingView
- Summary: Apple's stock chart shows signs of shifting from upward trend to sideways movement. Loop Capital downgrades Apple stock from buy to hold, cutting price…
- Keywords: apple, loop capital, stock, price target, iphone shipments, 2027, business, finance, chart, shifts, trend, range
- Source: TradingView — https://tradingview.com/chart/AAPL/WnT4xuSZ-AAPL-chart-looks-ready-to-evolve-from-trend-to-range
- Published: 2026-10-20T18:40:47+00:00
- Read time: 1 min
- Topics: apple, loop capital, stock, price target, iphone shipments, 2027, business, finance
## Loop Capital downgrades Apple stock
Loop Capital downgrades Apple from buy to hold, cutting price target from $370 to $330.

> 🚨 AAPL : LOOP CAPITAL DOWNGRADES APPLE FROM BUY TO HOLD Price target slashed from $370 to $330
## iPhone shipment forecast cuts
December-quarter iPhone forecast cut to 79M units vs. 85M consensus, average selling price reduced from $1,239 to $1,123.

> 📉 December-quarter iPhone forecast cut to 79M units vs. 85M consensus
## Key reasons for downgrade
Loop Capital no longer expects Apple to recover lost iPhone shipments due to persistent shipment cuts through 2027.

> The key takeaway: Loop Capital no longer expects Apple to recover the lost iPhone shipments
## Key takeaway

Loop Capital downgrades Apple stock from buy to hold, cutting price target from $370 to $330 due to expected iPhone shipment cuts through 2027.