APPLE Buyers In Panic! SELL!
My dear followers,
I analysed this chart on APPLE and concluded the following:
The market is trading on 192.38 pivot level.
Bias - Bearish
Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation.
Target - 184.58
Safe Stop Loss - 197.26
About Used Indicators:
A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.
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WISH YOU ALL LUCK
AAPL
Buybacks vs. Rotation: JPM and AAPLMany companies are flush with cash right now, so buybacks are going to increase. Buybacks can create plenty of swing trading opportunities.
Buybacks are used by the Board of Directors to drive price upward, or at least maintain price at a certain level. They also remove outstanding shares from public exchanges. The Percentage of Shares Held by Institutions (PSHI) is based on outstanding shares. So with fewer shares outstanding, it can help PSHI hold at a certain level. The Buy Side has been lowering inventory this year. See red arrows on the JPM chart.
In 2018, Buybacks boosted the index components and kept the market from continuing a bear market, which was already underway--a minor bear not a major one. Then in 2019, buybacks surged as the government cut corporate taxes massively. The cash on hand was enormous for most companies so they did mega buybacks, leading the move upward for index components that year. Then, in 2020 the pandemic stock market collapse completed that very odd delayed bear market.
Buyback candles are frequently solid white without wicks or tails. Buybacks often initiate strong swing-style runs, such as they have in $NYSE:JPM. See the blue arrows.
NASDAQ:AAPL also announced a huge buyback program in early May. This gives the Buy Side Institutions the opportunity to lower inventories of AAPL too, without disturbing price much, if at all. AAPL is in a sideways trading range, which is a tough pattern to trade since there is no consensus about what the company is doing to fuel future growth.
Apple Partners With OpenAI for AI Integration Into iOS & MacOSApple ( NASDAQ:AAPL ) has emerged as the talk of tech town ahead of WWDC24, with reports claiming the company is in partnership with OpenAI for AI integration into iOS and macOS models. Although no official statement by the firms has surfaced in the market, the news has taken the industry by storm. Apple remains poised to unveil AI features in the upcoming WWDC, reported Bloomberg correspondent Mark Gurman. Project Greymatter, a set of AI tools that the company will integrate into core apps like Safari, Photos, and Notes, lies at the core of the event. These features will be integrated into iOS18 models and macOS15 models, with operations handled via a two-structured process. A detailed structure will probably be ruled out at the upcoming WWDC event.
Also, the industry is abuzz with numerous reports of Apple's plans to leverage Google's AI services as well. Although an official statement is much-awaited, these talks have taken the AI industry by storm. A potential collaborative effort with Google may not come as a surprise, given OpenAI's recent scrutiny due to the misuse of its technology across various sectors. Nonetheless, numerous reports across the globe proclaim a partnership between OpenAI and Apple is in the pipeline.
It's worth noting that Apple Inc.'s stock price traded at $191.66 today, up 0.7% as of the time of writing. If plans to integrate AI go successfully, the firm could see a significant rise in value. OpenAI remains poised to benefit substantially from its partnership with Apple ( NASDAQ:AAPL ), although more details are much-awaited.
APPLE (AAPL) STOCK ANALYSIS Hello, traders here is an analysis of APPLE as you can see the price has been in a bullish form and it created an ascending triangle pattern that signals a bullish move so now I will wait for the price to break the upper structure of the pattern and retest it (as shown in the chart) then I will look for the long opportunities.
Apple Stock Predicted to Surge Fueled by AI and iPhone 16 HypeApple stock is set for a potential 50% surge, according to Wedbush analyst Dan Ives, who projects a market cap exceeding $4 trillion next year. This optimism is driven by the upcoming WWDC event on June 10, expected to feature significant AI announcements, and the iPhone 16 "supercycle" anticipated in September. Ives has increased his price target to $275, citing AI innovations and a strong iPhone upgrade cycle as key growth factors. Supply chain checks also indicate strong sales, supporting a positive outlook.
* Bullish outlook: Wedbush analyst Dan Ives predicts a significant surge in Apple stock (AAPL) by nearly 50%, potentially reaching a $4 trillion market cap within a year.
* Key catalysts: This growth is driven by the upcoming iPhone 16 "supercycle" featuring advanced AI integrations and a potential partnership with OpenAI.
* WWDC 2024: Apple's Worldwide Developers Conference (WWDC) on June 10th is seen as a pivotal event for unveiling these AI advancements.
* Positive supply chain indicators: Strong April sales exceeding expectations bolster confidence in a successful iPhone 16 launch.
* Investor optimism: Apple's strategic embrace of AI and the iPhone 16's potential position investors for substantial gains.
APPLE Buyers In Panic! SELL!
My dear friends,
Please, find my technical outlook for APPLE below:
The price is coiling around a solid key level - 190.04
Bias - Bearish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 183.08
Safe Stop Loss - 194.57
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
Apple Stock: Why Now is the Perfect Time to InvestInvestors in Apple have faced a tumultuous ride in recent years, marked by significant fluctuations in the company's stock performance. An economic downturn in 2022 led to a steep 27% decline in the iPhone maker's stock. However, the following year saw a remarkable rebound, with shares surging by 48%. Despite this recovery, ongoing challenges to its business and consecutive revenue declines throughout 2023 have resulted in a 1% dip in its stock since the beginning of the current year.
Amid growing concerns on Wall Street about Apple's heavy reliance on iPhone sales and macroeconomic headwinds, the company has faced pressure to diversify its revenue streams. Nevertheless, recent quarterly results and strategic shifts towards prioritizing digital businesses suggest a positive trajectory for the tech giant.
Apple's digital services segment has emerged as a standout performer, outpacing the iPhone division and poised to become its highest-earning segment. Additionally, the company's gradual foray into artificial intelligence (AI) presents opportunities for capitalizing on the burgeoning $200 billion industry.
Considering these developments, investing in Apple now could be an opportune moment, as the company embarks on a significant transformation of its business model. Here are three compelling reasons to consider buying Apple stock:
1. Lucrative Services Business
Apple's services segment, which includes revenue from the App Store and subscription-based platforms like Apple TV+, Music, and Fitness+, has become a cornerstone of its profitability. With gross margins consistently exceeding 70%, outperforming product margins by a significant margin, the services division is now the most profitable segment of Apple's business. Despite challenges in other areas, the services segment continues to exhibit robust growth, highlighting Apple's successful pivot towards digital offerings.
2. Unrivaled Brand Power and AI Investment
Despite recent hurdles, Apple retains its dominance in consumer technology, boasting unparalleled brand loyalty and commanding leading market shares across multiple product categories. While sales may have experienced a decline in the past year, Apple is strategically leveraging artificial intelligence (AI) to invigorate its product lineup.
Since the beginning of 2023, Apple has been gradually integrating AI-enabled features into its products, signaling a significant acceleration in this endeavor. The introduction of the M4 chip in the latest iPad Pro underscores Apple's commitment to enhancing its AI capabilities. This chip is touted as Apple's most powerful yet, paving the way for a host of new AI-powered functionalities. Industry experts anticipate further AI advancements to be unveiled at Apple's upcoming Worldwide Developer Conference in June.
Moreover, recent reports indicate Apple's ambitious plans to revamp its Mac lineup with a renewed focus on AI, leveraging in-house-designed chips housed in data centers. By aligning its AI initiatives with consumer-centric offerings, Apple aims to capitalize on its widespread product adoption to drive AI's public adoption. This strategic move not only counters recent product challenges but also positions Apple for sustained revenue growth in the long run.
3. Record-Breaking Share Buyback Initiative
In a historic announcement on May 2, Apple unveiled plans for the largest stock buyback program in history, earmarking $110 billion for share repurchases. This bold move immediately spurred an 8% surge in Apple's stock during after-market trading, instilling confidence in investors regarding the company's future prospects.
Stock buybacks often signal management's confidence in the company's trajectory and are typically initiated when executives perceive the stock to be undervalued. Apple's substantial buyback initiative underscores its leadership's conviction in the company's strategic direction, making its stock an attractive investment opportunity.
Despite encountering challenges over the past year, Apple's forward earnings multiple of 29, compared to peers like Microsoft and Amazon, suggests that it may be among the most attractively valued stocks in the realm of AI. Coupled with its flourishing services business, Apple emerges as a compelling investment choice with promising growth potential for the future.
APPLE: Short Trade Explained
APPLE
- Classic bearish setup
- Our team expects bearish continuation
SUGGESTED TRADE:
Swing Trade
Short APPLE
Entry Point - 189.93
Stop Loss - 195.31
Take Profit - 180.47
Our Risk - 1%
Start protection of your profits from lower levels
❤️ Please, support our work with like & comment! ❤️
Apple Nears Deal with OpenAI to Bring ChatGPT to iPhoneApple is reportedly close to finalizing a deal with OpenAI to integrate the popular large language model ChatGPT into its iPhone devices, marking a significant step in the company's efforts to bolster artificial intelligence (AI) features. This move comes as Apple strives to stay competitive in the rapidly evolving AI landscape and enhance user experience through advanced functionalities.
According to Bloomberg's sources, Apple and OpenAI are finalizing the terms of an agreement that would see ChatGPT capabilities incorporated into iOS 18, the upcoming iPhone operating system. This integration of ChatGPT has the potential to transform how users interact with their iPhones, potentially enabling more intuitive and interactive experiences across various applications.
ChatGPT, developed by OpenAI, has garnered considerable attention for its ability to generate realistic and coherent chat conversations. By leveraging ChatGPT's capabilities, Apple could introduce features that allow users to have more natural conversations with their virtual assistants, like Siri. Imagine being able to ask Siri complex questions and receive comprehensive answers instead of basic responses. Additionally, ChatGPT could be integrated into messaging apps like iMessage, facilitating an AI-powered chat experience that feels more human-like and engaging.
Apple's interest in incorporating ChatGPT aligns with its broader strategy of prioritizing AI development. The company has been steadily investing in AI research and development, recognizing its potential to revolutionize how users interact with technology. This focus on AI is evident in Apple's existing features like Face ID and Animoji, which utilize machine learning for facial recognition and creation of animated emojis.
The potential deal with OpenAI comes after Apple reportedly held discussions with Google regarding its rival AI model, Gemini. While those talks haven't materialized into a concrete agreement, they highlight Apple's commitment to exploring and implementing cutting-edge AI solutions.
Integrating a powerful language model like ChatGPT into iPhones could offer numerous advantages. Here are some potential benefits:
• Enhanced User Experience: ChatGPT's conversational capabilities could significantly improve user experience by enabling more natural and intuitive interactions with devices. Imagine voice assistants that can engage in fluid conversations, understanding context and responding accordingly.
• Increased Productivity: AI-powered features could streamline tasks and boost productivity. For instance, ChatGPT could be integrated with email or calendar applications, allowing users to compose emails or schedule meetings through voice commands or chat conversations.
• Accessibility Improvements: AI can potentially improve accessibility features for users with disabilities. Features powered by large language models like ChatGPT could offer more advanced ways for users to interact with their devices, catering to a wider range of needs.
However, some potential challenges also need to be considered:
• Privacy Concerns: The use of large language models raises privacy concerns as these models require vast amounts of data to function. Apple will need to ensure that user data is collected and used responsibly in accordance with user privacy.
• Security Risks: Integrating AI features introduces new security considerations. Apple will need to address potential vulnerabilities to ensure the integrity and security of user data and device functionalities.
• Ethical Biases: Large language models can perpetuate existing biases if trained on biased data. Apple will need to implement measures to mitigate potential biases within the AI model to ensure fair and ethical treatment of users.
Apple's move to potentially incorporate ChatGPT signifies a pivotal moment in the company's AI strategy. If successfully implemented, this integration has the potential to redefine user experience on iPhones and establish Apple as a frontrunner in AI innovation. However, Apple must navigate the challenges associated with privacy, security, and ethical considerations to ensure responsible and successful integration of powerful AI features.
It's important to note that the deal with OpenAI is not finalized yet. We'll likely learn more details about the agreement and how ChatGPT might be integrated into iPhones during Apple's upcoming Worldwide Developers Conference in June. This will be a significant event to watch, potentially unveiling a new chapter in human-computer interaction facilitated by advanced AI.
Apple Set to Integrate Sam Altman-Led's ChatGPT On iPhones Apple ( NASDAQ:AAPL ) is close to a deal with OpenAI, parent company of ChatGPT, to integrate its technology into iPhones as part of a strategy to introduce artificial intelligence features to its devices. Apple is finalizing an agreement with Microsoft-backed OpenAI to use ChatGPT features in iOS 18, the upcoming iPhone operating system. Apple is also in discussions with Alphabet's Google to potentially license Gemini.
The potential deal would allow Apple ( NASDAQ:AAPL ) to offer a popular chatbot as part of a series of new AI features, which the company plans to unveil at its annual Worldwide Developers Conference in June. Apple CEO Tim Cook has expressed confidence in its AI prospects despite concerns from investors and has invested $100 billion in research and development over the past five years. Apple's push into the AI space includes the development of its own AI chips for data centers, codenamed ACDC, which could potentially disrupt the market.
Technical Outlook
Despite the positive development, Apple Inc. ( NASDAQ:AAPL ) stock closed Friday's trading session down by 0.82% and also closed with a Relative Strength Index (RSI) of 63.62. Apple's ( NASDAQ:AAPL ) daily price chart formed a downward gapping pattern which is a bearish reversal pattern. But investors ought to be cautious of any further development as Apple stock ( NASDAQ:AAPL ) has performed considerably well 1st quarter.
AAPL Long Term: A Bite Out of Innovation Still Worth Chewing OnThe tech giants of yesterday aren't always the titans of tomorrow. Ask any BlackBerry or Myspace user. But Apple (AAPL) seems different. It's a brand synonymous with sleek design, intuitive interfaces, and a rabidly loyal fanbase. Yet, whispers abound that Apple's best days are behind it. Is this a reason to abandon AAPL? Not necessarily. Here's why a long position on Apple might still be a juicy investment.
Peak Influence, Peak Products Not Synonymous
There's a valid argument to be made that Apple's cultural influence has peaked. The days of revolutionary product launches that sent shockwaves through the tech world might be over. The iPhone, for instance, forever changed the mobile landscape, but incremental updates might not hold the same groundbreaking appeal.
However, strong influence doesn't guarantee a stagnant product line. Apple's design language and user experience (UX) philosophy remain best-in-class. While competitors scramble to mimic features like multi-touch interfaces, Apple continues to refine and innovate within its established ecosystem. The upcoming AR/VR headset, rumored for release in the coming years, is a prime example. It has the potential to be a game-changer, much like the iPhone was in its time.
The Loyal Legion: A Moat Wider Than Ever
One of Apple's greatest strengths is its fervent user base. Apple users are notoriously loyal, often deeply entrenched within the company's ecosystem of devices and services. Switching from iPhone to Android, for instance, can be a significant hurdle due to factors like iMessage integration and a user interface many have grown accustomed to. This loyalty translates to recurring revenue streams through things like App Store purchases and iCloud subscriptions.
Furthermore, Apple isn't resting on its laurels when it comes to user loyalty. Services like Apple Music and Apple TV+ are constantly improving, offering compelling reasons for users to stay within the Apple fold.
The Maturing Tech Landscape: A Friend, Not a Foe
It's true, America's tech dominance isn't what it once was. But that doesn't spell doom for Apple. The rise of other tech powerhouses like China shouldn't be seen as an existential threat, but rather as a sign of a maturing tech landscape. This fosters healthy competition, pushing companies to constantly innovate and improve their offerings.
Apple, with its immense resources and proven track record, is well-positioned to thrive in this environment. The company has a global presence, a strong brand image, and a loyal user base – all of which are assets that can't be easily replicated.
A Bite-Sized Conclusion
Apple might not be the revolutionary force it once was, but that doesn't mean its best days are over. The company continues to produce high-quality products with a focus on design and user experience. Its loyal user base and focus on services provide strong foundations for continued growth. While the broader tech landscape is evolving, Apple's position within it remains secure. So, for investors seeking a long-term play in the tech sector, AAPL might still be a bite worth taking.
Disclaimer: This article is for informational purposes only and should not be considered financial advice. Please consult with a financial professional before making any investment decisions.
AAPL POTENTIAL REVISIT ON MAJOR RESISTANCE ZONEAAPL has verified a bullish breakout from the formed channel. The false breakout on the identified support suggests a robust rebound from recent lows. Anticipating a rally continuation, aiming to reclaim the resistance before a potential sell-off. However, as the resistance stands as a formidable sell zone, a downward price shift is expected upon reaching the highlighted region.
iPads Expected at Apple Event, But Hold On For the AI ChipsApple enthusiasts can finally breathe a sigh of relief. The wait for new iPads is nearly over, with a splashy Apple event titled "Let Loose" scheduled for today. This comes after an unusually long gap between iPad releases.
New iPads Take Center Stage
According to reliable sources, the spotlight will be on the latest iPad lineup. Rumors suggest the unveiling of a new iPad Pro boasting a cutting-edge OLED display, potentially accompanied by a larger 13-inch version. An upgraded iPad Air with a similar display technology might also be part of the show.
M4 Chip: A Surprise Guest?
While the focus is firmly on the iPads, whispers suggest a surprise appearance by the next-generation M4 chip. This unveiling would be a mere six months after the launch of the M3 series, prompting speculation about Apple's strategic direction.
A.I. Chip Development: A Side Story
An article from Wall Street Journal also touches upon Apple's development of a custom-designed chip for artificial intelligence applications within data centers. However, the Wall Street Journal report casts doubt on whether this chip will ever see real-world deployment.
wsj.com/tech/ai/apple-is-developing-ai-chips-for-data-centers-seeking-edge-in-arms-race-0bedd2b2
Investor Takeaway
The "Let Loose" event holds significant promise for Apple investors. The launch of new iPads, particularly the potentially premium iPad Pro models, could generate a surge in sales. The M4 chip, if confirmed, could further solidify Apple's position as a leader in chip technology. While the A.I. chip development is intriguing, investors should likely focus on the more immediate impact of the upcoming iPad releases.
AAPL Bearish Crab Pattern Will Start at 197$the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern.
We are still in an uptrend and probably we see a significant decline toward the Crab support line in the Next Weeks.
AAPL Resistance and Support Levels Is shown in this chart.
GOOD Luck
AAPL Apple Options Ahead of EarningsIf you haven`t bought AAPL before reaching all time high:
or sold the beginning of the retracement:
Then analyzing the options chain and the chart patterns of AAPL Apple prior to the earnings report this week,
I would consider purchasing the 177.5usd strike price Calls with
an expiration date of 2024-5-3,
for a premium of approximately $2.36.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Can AI Be the iPhone's New Ace in the Hole?Apple, the tech giant synonymous with innovation, has faced a slump in iPhone sales. A recent report showed a 10.5% year-over-year decline, raising concerns among investors and analysts. However, a glimmer of hope emerges with Apple's growing focus on Artificial Intelligence (AI). Analysts are increasingly optimistic that these "nascent" AI offerings could be the key to reigniting iPhone sales.
The smartphone market has become increasingly saturated. Consumers are holding onto their devices for longer periods, with incremental upgrades failing to excite. Apple needs a game-changer, a feature so compelling that it compels users to upgrade. AI has the potential to be that difference-maker.
Here's how AI could breathe new life into iPhone sales:
• Personalized Experiences: AI can personalize the iPhone experience to an unprecedented level. Imagine an intelligent assistant that anticipates your needs, proactively adjusts settings, and curates content based on your preferences. This level of customization could make the iPhone feel like an extension of yourself, fostering a stronger connection with the device.
• Smarter Camera Features: AI can revolutionize smartphone photography. Advanced image recognition could remove unwanted objects from photos in real-time, suggest optimal composition based on the scene, and even enhance low-light shots. Such features would not only elevate photo quality but also simplify the process, making professional-looking photos accessible to everyone.
• Enhanced Security and Privacy: Security breaches and privacy concerns are major pain points for smartphone users. AI can play a crucial role in safeguarding user data. Imagine facial recognition that adapts to changes in your appearance or voice recognition that discerns between authorized and unauthorized users. Coupled with on-device processing of sensitive data, AI could make iPhones the most secure smartphones on the market.
• Voice Assistant Revolution: Siri, Apple's current voice assistant, faces stiff competition from Google Assistant and Amazon Alexa. AI advancements could transform Siri into a truly intelligent companion. Imagine a voice assistant that understands complex questions, engages in natural conversations, and seamlessly integrates with other smart home devices. This would not only boost user convenience but also position the iPhone as the central hub of the smart home ecosystem.
• Augmented Reality (AR) Applications: AI can be the driving force behind innovative AR experiences. Imagine using your iPhone to overlay furniture virtually in your living room to see how it looks before you buy it. Or, perhaps utilizing AI-powered translations in real-time during conversations abroad. Such AR applications, powered by AI, could unlock a whole new realm of possibilities for iPhone users.
Of course, challenges remain. Integrating complex AI features requires significant processing power, which could strain battery life. Additionally, ensuring user privacy while leveraging AI capabilities is paramount. Apple must strike a delicate balance between innovation and user trust.
Despite these challenges, the potential benefits are undeniable. By harnessing the power of AI, Apple can create a truly intelligent and personalized iPhone experience. This, in turn, could reignite consumer interest and propel iPhone sales back to new heights.
The success of this strategy hinges on Apple's ability to execute. They must develop robust AI features that are not just gimmicks but genuinely enhance the user experience. If Apple can achieve this, the iPhone might just reclaim its position as the most coveted smartphone on the market, breathing life back into sales and solidifying Apple's reputation as a leader in cutting-edge technology.
Apple's Q2 Earnings: Mixed Bag with Share Buyback Boost
Apple's fiscal second-quarter earnings report presented a mixed picture for investors. While earnings per share (EPS) surpassed Wall Street expectations, overall revenue and iPhone sales experienced a decline. However, the company's massive share buyback announcement signaled confidence in its future.
Earnings Beat Expectations, Revenue and iPhone Sales Fall
Apple reported earnings per share of $1.52, exceeding analyst estimates of $1.48. This indicates that the company remained profitable, with each share of Apple stock generating slightly more income than anticipated.
However, the news wasn't entirely positive. Total revenue for the quarter dropped 4% year-over-year to $89.5 billion. This decline highlights a slowdown in overall business compared to the same period last year.
Further dampening investor sentiment was a 10% year-over-year decline in iPhone sales. This, Apple's flagship product, is a crucial source of revenue for the company. The decrease suggests a potential softening of demand or increased competition in the smartphone market.
Tim Cook Cites Difficult Comparisons
Apple CEO Tim Cook offered some context for the declining revenue and iPhone sales. He attributed the figures to a "difficult comparison" to the stellar performance of the same quarter in 2023. Last year's Q2 saw a surge in demand for Apple products due to factors like pandemic-driven remote work and learning.
Share Repurchase Announcement: A Confidence Signal
Despite the decline in revenue and iPhone sales, Apple made a bold move by announcing a staggering $110 billion share repurchase program. This is the largest such program in the company's history.
Share repurchases, also known as stock buybacks, involve a company buying back its own shares from the market. This can have several implications:
• Boosting Stock Price: By reducing the number of shares outstanding, buybacks can increase the earnings per share (EPS) ratio, potentially making the stock more attractive to investors.
• Signaling Confidence: A large buyback program can be interpreted as a sign of management's confidence in the company's future prospects. They are essentially using excess cash to invest back into the company itself.
• Returning Value to Shareholders: Buybacks are a way for companies to return excess cash to shareholders. This can be particularly appealing to investors seeking to generate income from their holdings.
Looking Ahead: A Balancing Act
Apple's Q2 earnings report presents a company navigating a dynamic market landscape. While EPS exceeded expectations, declines in revenue and iPhone sales raise questions about future growth. The massive share repurchase program indicates a commitment to shareholder value, but the effectiveness of this strategy hinges on Apple's ability to reignite revenue growth.
Investors will be closely monitoring upcoming reports and developments to assess Apple's ability to overcome these challenges and maintain its position as a tech industry leader.