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AAPL

Apple: Target Zone in Sight Apple is nearing our target zone, showing the weakness we wanted to see. Today, we've observed a 3% drop. We expect a few more percentage points to fall before reaching the target zone for Wave 2, which is between 50 and 78.6 percent. Looking at our 2-hour chart, we're now seeing the 5-wave structure we anticipated. This entire scenario would likely be incorrect if we exceed the invalidation line. However, we should continue to see this downward trend, ideally towards Wave (b), around $165.67. Then, we should form Wave (iv), followed by Wave (v), with our entry between $161.55 and $140.45. After this, we should continue with the overarching Wave (5), eventually completing it. If we get stopped out here we anticipate Apple to fall significantly lower as said in the past, but for now we hold this scenario.
NASDAQ:AAPLLong
by stromm_by_wmc
1
Confluence of Indicators Pointing Towards Imminent Trend Shift?Apple Inc. (AAPL) stock is currently showing mixed signals on the daily timeframe when assessed with the Ichimoku Kinko Hyo indicator. The price is trading below the cloud, indicating a bearish bias in the market. The conversion line (blue) is below the baseline (red), which often suggests that bearish momentum is present. However, the lagging span is above the price from 26 periods ago, which can sometimes indicate weakening bearish momentum or a potential reversal. The Fibonacci retracement drawn from the swing low at approximately $165.61 to the swing high at $182.61 reveals that AAPL recently bounced off the 61.8% retracement level at $172, which is commonly known as the 'golden ratio' and considered a critical support zone. This level often attracts buyers and can be seen as a potential turnaround point for the price. Volume patterns show some increased activity on down days, with a notable red volume bar indicating selling pressure. However, the lack of consistent high volume on the downtrends suggests that there may not be a strong conviction behind the sell-offs, which could lead to a potential stall or reversal in the downtrend. The RSI is currently hovering around the 41.60 mark, which is neither in the oversold nor overbought territory, indicating room for the stock to move in either direction. However, it is worth noting that the RSI has been rising recently, hinting at increasing bullish momentum and a potential shift in sentiment. In the short term, investors may look for a confirmation of a trend reversal if the price can close above the Ichimoku cloud with increasing volume. Additionally, a sustained RSI move above 50 could further validate bullish momentum. For now, the 61.8% Fibonacci level appears to be acting as a robust support, suggesting a cautious approach for both buyers and sellers until a clear directional bias is established. As always, traders should consider the latest news and market conditions before making any investment decisions and be mindful of potential risks involved. Traders may want to keep an eye on the $172 support level. A definitive break below could see further downside with the next level of interest at the 78.6% Fibonacci retracement near $168. Conversely, a rebound off this level with accompanying bullish indicators may present a buying opportunity, with initial resistance likely at the baseline of the Ichimoku cloud. This analysis is for informational purposes only and does not constitute investment advice. Always do your own research and consider your investment goals and risk tolerance before participating in the market.
NASDAQ:AAPL
by AxiomEx
✅STOCK REVIEW: $AAPL General explanation: - I have shorted the NASDAQ:AAPL yesterday - Textbook perfect short, stage 3 topping - It is forming a ledge and rolling over Beware: - AAPL can easily come back and be supported by institutions (e.g. move to the 200D SMA and still be shortable) Some nuances: - On the week of the 18MAR it couldnt even come to the 10WK MA and rolled over. My style: - Swing Style with holding periods of 4d to 1month. This is important in order to understand what I see.
NASDAQ:AAPLShort
by TintinTrading
AAPL: Time for PutsFirstly I'm a huge NASDAQ:AAPL fan when it comes to their products, however, I believe the time has come to buy some Put Options. Trend Analysis Utilizing the 1D chart, I found a double-top "M" pattern and at the time of this idea we are currently sitting a little under the second peak. The descent can be steep according to a macro-Fibonacci tool where the $125 share price rests around a 50% retracement level. Support at this level has been strong since May 2021. I used two micro-Fibonacci tools to identify areas of minor support during the descent. I believe the use of both is necessary as some traders will be using the uptrend retracement (green) and others will use the downtrend retracement (red). I believe that there is a good possibility for reversal at the 61.8% downtrend Fib retracement as this level has been a key area of support and resistance since August 2021; see image below. It goes without saying that by the time the share price reaches this level, the double top pattern will already be considered valid so it's my opinion that a catalyst in the form of bad news will be required to see further declines. Fundamental Analysis According to the Q3 Earnings Call (Annual Report), Apple has only utilized 17.67% of its $90 billion dollar share repurchase program authorized in May '23. According to a later footnote, Apple repurchased $76.6 billion of its shares during 2023 which leads me to believe there is either a mistake in the report or that most of the $76.6 billion satisfies an earlier repurchase program. On the 10K form, see bottom of page 18 - note 1 and bottom of page 20. Cash on-hand has increased by 27% since September 2022. Current ratio (current assets/current liabilities) is 0.99 which is concerning from a financial standpoint. However, this is an improvement from September 2022 when its current ratio was 0.88. Retained earnings, while still in a deficit, has improved by 93% since September 2022. These deficits were self-inflicted as Apple spent most of its net income on stock repurchases the last three years. Sentiments I didn't find anything that changed my opinion on the current market trend for Apple. While the company does appear to be improving it is still in a rough spot. The aggressive repurchasing of its own stock and placing itself into a deficit doesn't make sense to me as a long-term plan. I understand that companies will do this to raise their EPS and benefit their shareholders but it also says that the company doesn't plan on expanding in the foreseeable future.
NASDAQ:AAPLShort
by Shepherd_Investor
1
AAPL on a wide view continues SHORTAAPL on the weekly continues to fall from a double top put in at 195 in July 23 and this past January. China issues are looming with competition domestically within China, factory issues and the recession. The hart shows an established trend down seeking support at the Fibonacci level in blue. The predictive algo looking back an the regression line pattern forecasts a continued fall through the fib zone into the 125 area. Indicators are all consistent with the same. I have a deep respect for advanced mathematics and will comply with the forecast. AAPL is a short and the little retrace up is an opportunity to add to my positions.
NASDAQ:AAPLShort
by AwesomeAvani
2
APPLE Analysis - Continuous, Just as the Markets !This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators. * Trend is Based on TrapZone Color * Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves. * Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand -------------------- 1-16-2024 GREEN TrapZone with RED UMVD. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)
NASDAQ:AAPL
by SnowflakeTrader
2
Apple - Go Long NowHello Traders, welcome to today's analysis of Apple. -------- Explanation of my video analysis: In 2019 Apple prefectly retested the previous all time high and started creating a solid rising channel formation. As we are speaking Apple stock is once again retesting the lower support of the channel which is perfectly lining up with previous resistance now turned support. If we see bullish confirmation on the smaller timeframes, I am looking for new long setups on Apple. -------- I will only take a trade if all the rules of my strategy are satisfied. Let me know in the comment section below if you have any questions. Keep your long term vision.
NASDAQ:AAPL
by basictradingtv
7
Apple and Berkshire: Understanding the Dynamics of a StrategicUnveiling the Magnificent Seven: Analyzing Berkshire's Relationship with Apple and the Tech Giant's Future Prospects The term "Magnificent Seven" encapsulates a prestigious group of megacap companies valued collectively at around $13 trillion. These titans represent approximately one-quarter of the S&P 500 index and over one-tenth of all publicly traded stocks by market capitalization. Among the illustrious members of the Magnificent Seven are Alphabet, Amazon, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla. Remarkably, Berkshire Hathaway holds a stake in only one of these esteemed companies. Under Warren Buffett's stewardship, Berkshire initiated its investment in Apple during the first quarter of 2016, gradually elevating it to the conglomerate's largest holding. Nevertheless, Berkshire divested approximately 10 million shares of Apple in the fourth quarter of the preceding year, sparking speculation about potential further sell-offs in 2024. Despite the recent reduction in Berkshire's Apple holdings, Warren Buffett's favorable sentiment toward the tech giant remains steadfast. He previously lauded Apple as a "better business" compared to any other company within Berkshire's portfolio. Such sentiment likely endures, as evidenced by Berkshire's substantial 43% allocation to Apple within its $372 billion stock portfolio as of the fourth quarter's conclusion, indicating a resolute conviction in the investment. However, Berkshire's decision to trim its Apple shares may be influenced by concerns raised by analysts like Jordan Klein at Mizuho. Issues such as sluggish iPhone sales in China and the introduction of the Digital Markets Act (DMA) in Europe have cast shadows of uncertainty over Apple's future revenue streams. The DMA mandates digital platform operators to accommodate third-party app stores and alternative payment options, potentially impinging on Apple's revenue channels. Investors eagerly await Berkshire's first-quarter trading activities, slated for disclosure no later than May 15th through a Form 13F filed with the SEC. Until then, investors must contemplate whether Apple remains a compelling investment opportunity at its current valuation amid prevailing market conditions. Apple boasts a significant advantage in brand authority, a testament to its engineering prowess. By seamlessly integrating captivating hardware with exclusive software, Apple crafts a distinctive user experience highly sought after by consumers. This allure is further heightened with the proliferation of Apple devices, endowing the company with considerable pricing power. Notably, last year, the average iPhone commanded three times the price of the average Android smartphone, according to eMarketer. This brand authority has propelled Apple's dominance across various consumer electronics segments. Leading global smartphone shipments last year, Apple also clinched top positions in tablet and smartwatch shipments, alongside a noteworthy fourth place in personal computer shipments. Recognizing the intermittent nature of hardware purchases, Apple strategically diversified its offerings with a suite of complementary services, effectively capitalizing on its expansive user base, which now exceeds 2.2 billion devices. However, Apple encountered a setback in the first quarter of fiscal 2024, ending Dec. 31, 2023, reporting lackluster financial results. While revenue edged up 2% to $119.5 billion, robust services performance was offset by declining sales in the iPad and Wearables categories. The services segment witnessed notable expansion, propelled by robust advertising, streaming video, and cloud storage revenues. Additionally, bolstered by share buybacks and the ascendancy of high-margin services, gross margin surged by 290 basis points, with GAAP earnings spiking 16% to $2.18 per diluted share. Despite these gains, a concerning trend emerged in China, where sales plummeted by 13% in the December quarter, with iPhone sales slipping further by 24% in the subsequent six weeks of 2024. This contrasts sharply with Huawei's remarkable 64% surge in sales, posing a formidable challenge in the region. CEO Tim Cook remains sanguine about China's long-term prospects but acknowledges the need for vigilance, given its significant contribution, constituting about 17% of Apple's revenue. Looking ahead, Grand View Research anticipates a 6% annual growth rate in the consumer electronics market through 2030. Moreover, mobile application sales, mobile wallet revenue, and digital ad spending are forecasted to experience substantial growth rates of 14%, 28%, and 15% annually, respectively, during the same period. These markets present pivotal opportunities for Apple, with the App Store alone contributing about one-third of its services revenue. Despite Wall Street's bullish outlook, forecasting a 5.8% annual sales growth and 8.3% annual earnings per share growth over the next five years, concerns linger regarding Apple's current valuation, standing at 27.4 times earnings. Moreover, challenges such as dwindling iPhone sales in China and potential regulatory impacts on App Store sales in Europe inject further uncertainty. Given these considerations, prudent investors may opt to exercise caution with Apple's stock, with a potential inclination towards reducing exposure if already invested.
NASDAQ:AAPLLong
by FOREXN1
1
Important Update on US Government Lawsuit Against AppleThe recent US government lawsuit against Apple has sent shockwaves through the stock market, causing many traders to reevaluate their investments in the tech giant. The lawsuit alleges that Apple has engaged in anti-competitive behavior by restricting competition in the App Store, potentially harming consumers and developers alike. As traders, it is important to proceed with caution in light of this lawsuit. The outcome of this legal battle could have significant implications for Apple's future profitability and market value. Until there is more clarity on the situation, it may be wise to hold off on investing further into Apple. It is crucial for traders to carefully monitor the developments of this lawsuit and consider the potential risks involved in holding Apple stock. By staying informed and making informed decisions, we can protect our investments and navigate this uncertain time in the market. In conclusion, I urge all traders to exercise caution and refrain from investing in Apple until more information is available regarding the US government lawsuit. Stay informed, stay vigilant, and protect your investments.
NASDAQ:AAPL
by bryandowningqln
AAPL Share Price Falls More Than 4% after Antitrust LawsuitAAPL Share Price Falls More Than 4% after Antitrust Lawsuit Yesterday, the Department of Justice filed an antitrust lawsuit against Apple, alleging that the company has established a monopoly with the iPhone, which has harmed consumers, developers and competitors. “Each step in Apple's course of conduct built and reinforced the moat around its smartphone monopoly,” the government said in the 88-page lawsuit. The result of news of the lawsuit was a sharp decline in Apple's share price by more than 4%. This is a serious blow to stocks that are already underperforming the broader market. As confirmation, we note that yesterday, the ratio of the S&P 500 index to the AAPL share price set a maximum since November 2021. The chart for AAPL stock shows an increasingly bearish picture: → The pace of the strong bull run (shown in the blue channel) of 2023 remains in the past, forming an A top near the USD 195 per share level of AAPL. → The price tested this level, forming top B. → Thus, the level of USD 195 works as an important resistance, around which a double top A-B pattern has formed (subjectively, it can be regarded as a triple, taking into account the high of January 24. → Price action increasingly defines the contours of the downward channel (shown in red). → While developing within this channel, the price has already dropped below the uptrend line (shown in green). As we wrote earlier, analysts fear a decline in sales of Apple products. If the negativity in the market increases, the bears may attempt to break through the support level of USD 168 per share. The company's report for the 1st quarter of 2024 will have an important impact, its publication is scheduled for April 25. But for now, analysts believe more in a positive scenario - according to TipRanks, the average predicted price for AAPL shares is $204.86 in 12 months. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
NASDAQ:AAPL
by FXOpen
1
DOJ Sues Apple Inc. in Antitrust Case Over iPhoneThe U.S. Department of Justice (DOJ) has set its sights on tech giant Apple Inc., ( NASDAQ:AAPL ) alleging antitrust violations related to its iPhone ecosystem. This latest legal showdown underscores the escalating tension between regulators and Big Tech, with Apple ( NASDAQ:AAPL ) now finding itself at the center of a high-stakes battle that could reshape the landscape of the digital marketplace. Antitrust Allegations Unveiled: The DOJ's imminent lawsuit against Apple ( NASDAQ:AAPL ), slated to be filed as early as Thursday, sends shockwaves through the tech industry. At the heart of the matter lies accusations that Apple has unlawfully restricted rivals from accessing key hardware and software features of its iconic iPhone, stifling competition and innovation in the process. With bipartisan support for reining in Big Tech's dominance, this legal action marks a significant escalation in the ongoing scrutiny faced by Silicon Valley giants. Challenges to Apple's Dominance: Apple's alleged antitrust transgressions extend beyond mere hardware restrictions. From concerns over its control of iPhone sensors to accusations of unfair treatment towards competing payment services, the tech behemoth faces mounting pressure to justify its market practices. Critics argue that Apple's policies not only limit consumer choice but also undermine the principles of fair competition essential for a thriving digital ecosystem. Navigating Legal and Regulatory Headwinds: For Apple ( NASDAQ:AAPL ), the DOJ's legal onslaught represents yet another hurdle in its ongoing battle to maintain its dominant position in the tech industry. With previous antitrust lawsuits targeting Google and Facebook, regulators are intensifying their efforts to curb monopolistic practices across the board. Apple's recent engagement with Justice Department officials underscores the company's proactive stance in defending its position, but the road ahead remains fraught with uncertainty. Implications for the Digital Marketplace: The outcome of the DOJ's antitrust case against Apple ( NASDAQ:AAPL ) carries far-reaching implications for the broader digital marketplace. As regulators seek to level the playing field and promote competition, tech giants face mounting pressure to adhere to stricter antitrust regulations. With shares of Apple ( NASDAQ:AAPL ) experiencing a dip of 3.77% in extended trading following the news, investors are closely monitoring developments, mindful of the potential ramifications for one of the world's most valuable companies.
NASDAQ:AAPL
by DEXWireNews
Apple Set to License Google's Gemini for iPhonesAlphabet Inc., (NASDAQ: NASDAQ:GOOG ) the parent company of Google, is on the brink of a groundbreaking collaboration with tech juggernaut Apple Inc. A recent report has unveiled negotiations between the two giants to integrate Google's Gemini artificial intelligence engine into future iterations of iPhones. This move not only signals a significant stride in AI integration but also holds immense implications for the competitive landscape of the smartphone industry. The Genesis of Gemini: Gemini stands as Google's suite of generative AI tools, encompassing a spectrum of functionalities from chatbots to coding assistants. Developed by Google's AI experts, Gemini represents the pinnacle of AI innovation, promising to revolutionize user experiences across various platforms. The Apple-Alphabet Nexus: Amidst whispers of negotiations, Bloomberg's report sheds light on active discussions between Alphabet and Apple, aimed at embedding Gemini into forthcoming iPhone features. The potential implications are monumental, as Apple seeks to harness Google's AI prowess to augment the capabilities of its iconic smartphone lineup. Market Response and Speculation: The mere speculation of this partnership has catalyzed a surge in Alphabet's stock prices, with Class A shares soaring by 4.5% in premarket trade. Conversely, Apple shares witnessed a modest uptick, underscoring investor enthusiasm surrounding the prospect of Gemini-powered iPhones. Impending Innovations: If negotiations culminate in an agreement, users can anticipate a slew of groundbreaking features propelled by Gemini's AI capabilities. From enhanced voice assistants to predictive analytics, the integration of Google's AI engine has the potential to redefine the iPhone experience, setting a new standard for innovation in the smartphone arena. Challenges and Considerations: Despite the allure of this partnership, challenges loom on the horizon. The report indicates that both parties are yet to finalize the terms and branding of the AI agreement, raising questions about the scope and implementation of Gemini within the iPhone ecosystem. Additionally, concerns regarding data privacy and security warrant careful deliberation to ensure seamless integration without compromising user trust. The Road Ahead: As Apple gears up for its Worldwide Developer's Conference in June, speculation mounts over the potential unveiling of iOS 18 featuring Gemini-powered functionalities. Moreover, discussions with OpenAI underscore Apple's commitment to harnessing cutting-edge AI technologies to stay ahead in an increasingly competitive market landscape.
NASDAQ:GOOGLong
by DEXWireNews
Apple Reaches $490 Million Settlement Over China Sales CommentsApple ( NASDAQ:AAPL ), the tech giant synonymous with innovation and cutting-edge products, finds itself embroiled in a significant legal saga following a $490 million settlement over allegations of shareholder deception. The lawsuit, stemming from Chief Executive Tim Cook's remarks regarding iPhone demand in China, has drawn attention to the complexities of corporate transparency and accountability in the ever-evolving global marketplace. The Genesis of the Lawsuit: At the heart of the controversy lies Apple's unexpected announcement on January 2, 2019, revealing a staggering cut in quarterly revenue forecasts by up to $9 billion. This abrupt disclosure, attributed to escalating U.S.-China trade tensions, sent shockwaves through the market and triggered a swift decline in Apple's share price. Tim Cook's Statements Under Scrutiny: Central to the lawsuit is Chief Executive Tim Cook's remarks during an analyst call on November 1, 2018, where he downplayed concerns about iPhone sales in China. Despite acknowledging sales pressures in other markets, Cook notably excluded China from the list of countries facing challenges. However, subsequent actions, including directives to suppliers to curb production, painted a starkly different picture, raising questions about the accuracy and transparency of Cook's statements. The Legal Battle Unfolds: Following the revelation of diminished iPhone demand and the subsequent plunge in Apple's stock price, shareholders swiftly took action, filing a class-action lawsuit against the tech behemoth. The preliminary settlement, amounting to $490 million, represents a significant milestone in the protracted legal battle, albeit subject to approval by U.S. District Judge Yvonne Gonzalez Rogers. Implications and Fallout: While Apple ($APPL) has denied liability, opting to settle to avoid prolonged litigation, the ramifications of the lawsuit extend far beyond the courtroom. The settlement underscores the importance of corporate transparency and accountability, serving as a cautionary tale for companies navigating the complexities of global markets. The Road Ahead: As Apple ( NASDAQ:AAPL ) navigates the aftermath of the settlement, stakeholders and investors are left pondering the broader implications for corporate governance and investor confidence. The tech giant's meteoric rise since the onset of the lawsuit, with its share price quadrupling and market value exceeding $2.6 trillion, adds another layer of complexity to the narrative.
NASDAQ:AAPL
by DEXWireNews