Apple (AAPL) shares rose slightly Tuesday after losing ground the previous session following announcements from the company at its developers conference that failed to impress investors.

The tech giant, which kicked off its week-long Worldwide Developers Conference on Monday, unveiled several AI-related improvements with iOS 26 but said enhanced Siri features needed more time to meet the company’s quality standards.

The lack of new Siri updates likely raised concerns that the company, which was slow to roll out its flagship Apple Intelligence software, is losing ground to other tech giants with artificial intelligence and that further delays could slow iPhone sales as consumers postpone their upgrade cycle. The company’s keynote presentation Monday delivered “slow but steady improvements to strategy,” Wedbush analysts said, “but overall [it was] a yawner.”

Apple stock is down 19% since the start of 2025, making it the weakest performer among members of the Magnificent Seven group of major technology companies, alongside Tesla (TSLA). Apple shares gained 0.6% on Tuesday to close at $202.67, after dropping 1.2% yesterday.

Below, we break down the technicals on Apple’s chart and point out important price levels worth watching out for.

50-Day Moving Average Provides Selling Pressure

After rebounding from their early-April low, Apple shares have traded mostly sideways, with the price recently forming a rising wedge. The price then ran into selling pressure near the downward sloping 50-day moving average, potentially setting the stage for a continuation of the stock’s longer-term downtrend that started in late December.

Meanwhile, the relative strength index has struggled to reclaim its neutral threshold, signaling bearish price momentum.

Let’s identify important support and resistance levels on Apple’s chart that investors will likely be watching.

Important Support Levels to Watch

A breakdown below the rising wedge could initially see the shares fall to around $193. This area may provide support near the low of the pattern, which also aligns with a range of corresponding price action on the chart extending back to May last year.

The bulls’ failure to successfully defend this level opens the door for a more significant drop to $180. Bargain hunters may seek buy-and-hold opportunities in this location near a brief retracement in May last year following a breakaway gap above the 200-day moving average.

This level also sits in the same neighborhood as a measured move downside price target that calculates the decline in points that preceded the rising wedge and deducts that amount from the pattern’s lower trendline.

Resistance Levels to Monitor

During upswings in the stock, investors should monitor the $214 level. The shares may encounter overhead selling pressure in this area near several peaks and troughs that formed on the chart between September and May.

Finally, a decisive close above this level could see Apple shares climb toward $235. Investors who bought shares at lower prices may look for exit points in this region near notable peaks that developed on the chart in July and October last year.

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As of the date this article was written, the author does not own any of the above securities.