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Apple

Apple is near key levelsFirst of all, forgive me to draw so much in this chart but AAPL is on fire and we've to take a close look to price movements because we could see awesome opportunities soon. We all know AAPL, amazing business, great margins but now suffering some issues with production that can lead to some volatility. In this chart, you can see: 1. A very big historical bullish channel in grey that give us resistance prices in the 100-110$ level. 2. An amazing expanding triangle unfolding with potential price objective at 100-110$ zone. Take care, I'll explain further this price formation and why it could end at 120 or 115$ the movement. 3. The RED danger zone explained in the idea of few days ago. The break of this support led to -7% returns by now. 4. The small downtrend blue line that was our previous idea. We expected a bullish break that never happened, instead we've seen the break of the danger zone support, so our mind is bearish since then in AAPL. (Please see previous idea to understand this in detail). 5. Some blue lines that are major resistances, the lowest one in the 105-110$ zone. Note that this is also the expected zone of 1 and 2. Expanding triangle explanation An expanding triangle is a chart pattern that occurs in a trend and is characterized by a series of higher lows and lower highs. This pattern is formed by two trendlines that converge towards each other as the price moves in a wide range. The upper trendline represents resistance and the lower trendline represents support. As the price approaches the apex of the triangle, it becomes increasingly volatile, and a breakout is likely to occur. If the price breaks out to the upside, it is a bullish sign and may indicate that the trend will continue higher. If the price breaks out to the downside, it is a bearish sign and may indicate that the trend will reverse. The consequences of an expanding triangle in the market depend on the direction of the breakout and the strength of the trend leading up to the pattern. If the breakout is strong and the trend is bullish, it may lead to further price increases. If the breakout is weak and the trend is bearish, it may lead to a reversal or consolidation in the price. By now, we see a wave 3 which is 1,618 times the first wave. We expect a wave 5 which could be 1,618 times the wave 3, this would move the price to 110$, again this zone... Take care, by now wave 5 is slightly more than 100% of wave 3, so the triangle could end at any time, but for us makes sense to wait for lower prices to have a better risk reward ratio. Ahead we have 120$ and 115$ levels which are also important previous supports and resistances and could lead to some bounces or eventually to the end of the pattern. Let's keep watching! Worst case If the price loses the 105$ level, we have no historical volume until 80$ so a crash could happen easily. Anyway, the 105-110$ zone is strong enough to believe that demand will appear there and the expanding triangle could then be confirmed.
NASDAQ:AAPLLong
by TopChartPatterns
1
Apple Breaking to Resistance?This is a weekly chart of Apple (AAPL) as measured relative to the S&P 500 ETF (SPY). The chart has been arbitrarily adjusted in magnitude (x1000) to improve visibility of price movement. One should always analyze an asset's performance relative to the performance of the broader index before choosing to invest. If an asset is underperforming the broader index, one would be better off just investing in the broader index than investing in the underperforming asset. Few people may have known that, under the surface, Apple has been resisted downward since August 2020 in its chart relative to SPY. In other words, this means that since August 2020, even though the price of Apple has gone up it has generally not outperformed the SPY. This weekly relative chart between Apple and SPY shows that Apple may be attempting a breakout relative to SPY. Even though Apple's charts look somewhat weak on the higher timeframes (3M, 6M, 12M), this chart may suggest that Apple will at least attempt a breakout in its performance relative to the SPY. The weekly candle closed above the resistance line, and the Stochastic RSI oscillator is showing strong upward momentum on the weekly timeframe. Additionally, the weekly exponential moving average (EMA) is creating an ascending triangle pattern with the resistance line (not shown on chart). In 75% of cases, an ascending triangle is a continuation pattern, which in the context of Apple would mean a bullish breakout. It's important to realize that relative price charts like this do not necessarily predict price action. In other words, since this is a relative chart, Apple may break out in this chart, and yet its price actually falls. This can happen if the SPY is falling faster than Apple. The best time to use this kind of chart, therefore, is when you think the SPY has made a significant bottom and will rise. Rather than investing in the SPY as its price rebounds, why not amplify your returns by investing in an asset that is likely to outperform the SPY? Some consider this a "seeking Alpha" approach. Alpha is a term used in investing to describe an investment strategy's ability to beat the market. Strategies that are able to generate greater alpha (or return relative to the market), without introducing greater risk to your portfolio will increase your Sharpe Ratio. In this case, Apple is slightly more volatile than SPY and therefore introduces slightly more risk than owning SPY. One can mitigate this by analyzing all of one's portfolio holdings relative to SPY and selling an underperforming asset that is also more volatile than SPY and then purchasing an asset, (like Apple), that is likely to outperform SPY and which is equally or less volatile than the sold asset. For example, compare the below charts of T-Mobile US (TMUS) and Verizon (VZ). Both charts are quarterly charts (3-month charts) and are relative to SPY. Relative price action for the past 10 years is shown. (Neither chart is adjusted for dividends). Although TMUS is slightly more volatile, it is generally in line with VZ. If given the choice between the two, which would you rather add to your portfolio? T-Mobile US (TMUS) trending toward infinity relative to SPY: Verizon (VZ) trending toward zero relative to SPY: Not investment advice.
NASDAQ:AAPL
by SpyMasterTrades
24
Apple Analysis 03.01.2023Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. I will personally reply to every single comment! If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel. Thank you for watching and I will see you tomorrow! You can also check out my previous analysis:
NASDAQ:AAPL
by basictradingtv
29
Careful falling in love with what you see in rear view mirrorsCharts and financials, are great , super useful, would never trade/invest without them. However, they are rear view mirrors, as in they show us only the past. We have no crystal ball. If we go into recession, the past growth will be misleading. keep that in mind. We value the earning power of each business, but we should not ignore that markets are dynamic. Apple is a good example. Apple is priced with some build in growth assumptions, yet many analyst and headlines are implied flat or no growth. We must keep an open mind. Please learn valuation. Compare cashflow and free cashflow to current prices. Try to get the best deal you can. Have a great year!
NASDAQ:AAPL
by ValuePig
1
Is Apple about to be 'bitten'?Apple is one of the companies whose stock price is overvalued, and the company is facing several severe issues: 1. Big tech layoffs. If US tech is doing quite poorly and companies are laying off people, they probably won't buy new equipment or software. The fired tech workers probably won't be buying stuff for themselves either, and neither will those that see their colleagues fired. 2. Apple's production in China faces significant problems due to lockdowns or because the 'employees' are revolting. These disruptions hurt the reliability of Apple, as well as its image. Unfortunately, many employees are working and living in awful conditions, which is being exposed. Many ESG funds that hold Apple could end up having to dump their shares based on these concerns. 3. Some US politicians are increasingly worried about the connections between Apple and the CCP. With Apple 'threatening' to remove Twitter from its Appstore while supporting the CCP in an era where tensions between US and China aren't great, we could see Apple face more pressure to move away from China. That could increase their costs significantly while also disrupting production even further. 4. As retail consumers are affected by inflation and high-interest rates, they will spend less on buying new stuff, and many devices/apps aren't necessary. At the same time, Apple has been raising its prices due to increased costs (of production), which might further incentivize customers not to purchase their products/services. As if these weren't enough, some of its new products aren't that much of an upgrade to the previous versions. 5. As the world is moving closer toward open source and open technologies/marketplaces, the 30% tax on the Apple app store looks worse and worse by the day. Based on the above, the free market and politicians in the US might try to break Apple's monopoly, which could initially lower its revenue. 6. Current Apple valuation is 3.4x that of the entire crypto market (stablecoins excluded). This is just too large. AAPL is trading below all its major moving averages, has broken its old uptrend, and has plenty of room to move down toward that major gap at 96$. Most major US companies have fallen more than 30% and have filled many significant gaps, yet Apple has not. Therefore it is possible to see the stock price go down to those levels in the next few months.
NASDAQ:AAPLShort
by BitcoinMacro
1
APPL, 10d+/-9.2%falling cycle -9.2% more than 10 days. ================================================================================================================================================================== This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop profit prices have no financial basis. The results are for reference only.
NASDAQ:AAPLShort
by Tonyder