Apple Stock Daily Analysis, RSI & MACD Divergence Hello everyone, as we all know the market action discounts everything :)
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The Apple inc Stock has been doing very well for itself in the last couple of months, Both the short-term and long-term trends are positive. This is a very positive sign.
AAPL is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
An RSI Divergence has been found between the stock and the indicator, which could indicate a drop in price for the next period of time, But knowing that the Stock is still doing very well but there are signs that the price could be dropping other than the RSI, The MACD is having a Negative crossover and a divergence but still shows that the market is Bullish, And the stock price has reached the Bollinger Bands upper end which could indicate a small drop.
Scenarios for the market :
Scenario 1 :
The market has reached the resistance level at 148.86 and now it's trending above it with no confirmation of a breakout yet, but if the Bulls keep on pushing then we will see a breakout at that level and the price will keep going up reaching the 150.58 resistance area where the Bull power will be tested by the Bears in hope to drive the price back, If the Bulls were able to prove them self then we could see the price going back to the 151.68 range which was the all-time high for this stock.
Scenario 2 :
The market is trending 149.71 and it reached the resistance level at 148.86, We did notice an RSI divergence and a Negative crossover between the MACD line and the Signal line plus a MACD divergence, And the market almost hitting the upper band in the Bollinger bands. With all of that, the market is still holding a Bullish position but these signs could affect the market and a drop will happen where the price will be headed near the support zone from 147.14 - 146.10 where the Bulls will try to win back control again.
Technical indicators show:
1) The market is above the 5 10 20 50 100 200 MA and EMA (Strong Bullish Sign)
2) The RSI is at 60.41 showing great strength in the market, with a divergence between the indicator and the market which could indicate a drop.
3) The MACD is above the 0 line showing that the market is in a Bullish state, Negative crossover between the MACD line and the Signal line. With a divergence between the indicator and the market.
4) The Bollinger Bands are showing a squeeze which could indicate that a huge move is coming soon.
Support & Resistance points :
support Resistance
1) 147.14 1) 148.86
2) 146.10 2) 149.54
3) 145.42 3) 150.58
Fundamental point of view :
AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 97% of its industry peers. The industry average Return On Assets is 1.29%. And its Profit Margin is 25.00%, The industry average is 2.10%. AAPL outperforms 97% of its industry peers.
Based on estimates for the next 5 years, AAPL will show a quite strong growth in Earnings Per Share. The EPS will grow by 12.37% on average per year.
South Korea is likely to bar Google and Apple from requiring software developers to use their payment systems, effectively stopping them from charging commissions on in-app purchases, the first such curbs on the tech giants by a major economy.
For Apple, commissions from in-app purchases are a key part of its $53.8 billion services business and are a major expense for some app developers.
This is my personal opinion done with technical analysis of the market price and research online from fundamental analysts and news for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
Applestock
APPLE: FUNDAMENTAL ANALYSIS+PRICE ACTION & NEXT TARGET|LONG🔔All of the headlines are true. The iPhone is indeed losing market share - in some ways.
While some of this loss can be attributed to unpredictable failures caused by the pandemic, some cannot. After all, COVID-19 has made life equally difficult for all smartphone manufacturers. But some of them still found a way to poach potential buyers of other brands.
Perhaps most notably, the market share of low-cost phones increased significantly last quarter, implying that numerous customers are no longer willing to buy devices with a four-figure price tag. We're even seeing indirect indications that this shift is happening in North America, Apple's most important market.
The thing is, it doesn't matter when you examine the rest of the data.
The data provider is IDC, a technology market research company that publishes the estimated number of smartphones released by each major manufacturer in any given quarter.
According to IDC, Apple sold 44.2 million iPhones in the three months ending in June, a 17.8 percent increase over last year's coronavirus-covered second quarter. That's not bad, even if the numbers come with a pandemic disclaimer. This growth is certainly ahead of Samsung's 9.3% year-over-year increase in shipments, even though Samsung shipped a much larger number of devices -- 59 million.
However, it is curious. Lesser-known smartphones such as OPPO and Vivo increased their shipments by 37% and 33.7% (respectively) last quarter, while Xiaomi increased its shipments by 86.6% year-over-year, ranking second with 53.1 million devices.
An isolated incident? Maybe, maybe not.
Apple's 14.1% share last quarter is better than its 13.5% share in the second quarter of last year and much better than its 10.2% share in the second quarter of 2019. Indeed, the average market share of 16.3% over the past four quarters is higher than Apple's typical 14% share, driven by an especially triumphant fourth quarter that saw the company's smartphone market share rise to 23%. However, the company was unable to hold on to much of the success caused by pandemic circumstances, such as an incredible 23.3% in the fourth quarter and 16% in the first.
It would also be shortsighted to ignore the fact that much of the iPhone's recent success in the market is a reflection of Huawei's absence and Samsung's failure to connect with customers, as well as Apple's marketing power. These two names are usually the main threats to Apple in the high-end phone market, but now they are virtually powerless.
And even so, Apple doesn't manage to knock them out of business. According to GlobalStats, after peaking at 28.8 percent in April 2020, the number of actively used iPhones worldwide has dropped to 26.9 percent. At the end of 2018, 56.8 percent of smartphone owners in North America were using iPhones, but after another decline in the first half of this year, they now account for 53.6 percent of actively used smartphones. Clearly, consumers are finding other smartphone options rather than gravitating toward the most recognizable name in the business.
However, Apple shareholders should not panic just yet.
This dynamic underscores the danger of a one-sided view of anything: there's always more.
Part of the story is that while Apple is losing market share, that doesn't mean it's selling fewer smartphones. The company is simply getting a smaller share of the current overall market growth after holding on to a significant portion of its share when the market itself began to shrink in 2018. Apple still sold an average of 57.8 million iPhones in each of the past four quarters, registering its highest year-over-year sales rate since 2015, when the iPhone 6 redefined what a smart mobile device could be. The overall smartphone market is still much smaller than it was at the peak of 2017.
And lest you think that the last four quarters are strong just because sales fell in the first two quarters of 2020, that's not true. Despite the effects of the pandemic, Apple managed to sell more smartphones in the first and second quarters of 2020 than in the first two quarters of 2019.
Another reason that shrinking market share is not an existential threat for Apple is that the company does an incredible job of extracting revenue from iPhone owners once they get into the iOS ecosystem.
Sensor Tower's data put things in perspective. The app market research company estimates that in 2020, the average U.S. iPhone owner will spend $138 on apps and other digital content from their device. That figure marks five consecutive years of spending growth from 2015 when the annual average was just $33. That's even more impressive given that, according to Sensor Tower, Apple's App Store generated about twice as much revenue worldwide in 2020 as Alphabet's Google Play, even though there are almost three times as many users of Alphabet's Android operating system as iOS users.
And more divergence is expected on that front. The iPhone 12 Pro may start at $1,000 apiece and go up quickly, but the new iPhone SE draws new consumers to iOS, starting at a more affordable price of $400 apiece.
Should Apple investors be watching the iPhone market share trend? Sure. It may not suggest much right now, but things are changing. There will come a time when an alternative to the iPhone will enthrall enough consumers to start reducing not only Apple's smartphone share but also its overall revenue.
If you're looking for a reason not to buy stock in the world's largest and most profitable company right now, narrowing smartphone market share is not.
A look at the Apple stockA look at the Apple stock
First, I am against short selling stocks
Therefore, I see a negative view on this stock, which is an area of exchange or profit taking
You can take profits in these areas and buy back near the rising trend line
The general trend is up, the foundational trend is up
The secondary trend is bullish “close to the break” waiting for the break
Negative divergence on the weekly frame
A decrease in trading volumes with the current heights
Apple - Weekly Chart - Long ScenarioLooking to take a long if price should manage to get again above the blue trendline. Would buy on a retest then.
First target is the Resistance level (upper blue line) where i would take out my initial investment.
Second is above the blue level, where i would close the rest of the position.
Dont forget:
- Watch your Risk management
- DYOR (Do-Your-Own-Research)
- This information / article is only for educational purporses and not a recommendation to buy or sell.
I'm not a Financial Advisor.
Thanks for reading!
trader_se
AppleAs you can see in the daily chart, After testing 145.09 the trend has been changed and a bearish one has been started however this downtrend is not strong enough and the Buyers might be still in power.
In my point of view since the retracement is about 61.8%
2 different harmonic pattern might occur
1st scenario:
A Gartley pattern might happen So Apple will experience a rise in price and it increases to 139.10 which is the first TP.
2nd scenario:
A AB=CD pattern might happen therefore Apple will move up at about 142.59 which is the second TP .
However a Crab pattern is likely to happen in order for that the price must pass the previous top which is 145.09.
In any cases, the SL is about 116.31
Please write your ideas in the comment
i'm selling apple stock .. do you ?!the complete analysis for apple stock starting from monthly, weekly, daily, and 4hr chart.
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I'm waiting for confirmation in a smaller time frame and i will sell immediately
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Won't buy AAPL till 107This is dream right at the current price. I would love to buy apple at 107 and take it from there.
The more likely senario in the short term is between 116-120 but we could always hope for the best.
Near term that is likely where we see it given the fact that half the US market will not have a passive income stream coming into the holiday season, if i had the time to buy Jan 2022 puts i would.
Short to 116 in the near term
Great SHORT Opportunity!!Apple looks OVERVALUED!!!
Tech is going down. People are rotating into companies that have PE multiples that make sense!
Yes they have a ton of cash on hand and will be completely fine, so for most of you it might be a buying opportunity but I see this sucker going down at least -20% to -30%.
That white box is a head and shoulders reversal pattern.
A break below $120 would signal possible confirmation of a new downtrend.
Over time it's been bouncing off the 200 day moving average so that's where I'd aim this time again.