Apple 🍎Apple
🍎 Apple never stops amazing us, just when we thought they couldn't top themselves, they launch a new update that captivates us and makes us want to get our hands on it right away, they recently announced their new iPhone, which includes "Apple Intelligence," a collaboration with chatgpt to integrate AI in a unique way, additionally, this iPhone will feature the new A18 Pro processor, which will be exclusive to this model and available for upgrade on the iPhone 15.
📱 Over the past five years, we’ve seen something cool with Apple’s stock when they launch a new iPhone, initially right after the launch, the stock tends to drop or stay flat because the initial reaction is often somewhat negative.
📈 But here’s the interesting part, in the 60 days following, the stock usually recovers and rises, unless the new iPhone proves to be less impressive than expected.
📊 In this case, things could be different, expectations are high because apple’s new release promises to be super innovative, it’s expected that apple Intelligence and the upcoming update cycle will push NASDAQ:AAPL market capitalization to over $4 trillion by 2025. This could change the pattern of the past 5 years and make the stock behave differently.
👎 Pessimistic view
📉 Berkshire Hathaway just cut its position in NASDAQ:AAPL by nearly 50%, selling off 380 million shares but be careful, this doesn’t necessarily mean the stock will fall just because they’re taking profits, here’s some interesting data, the iPhone has fallen out of the top 5 smartphone sales in china, which isn’t very positive, also Apple has provided guidance for Q4 2024, which doesn’t show growth acceleration compared to the previous quarter, and the most relevant recent change luca maestri, Apple’s CFO, will step down on january 1, 2025, and will be replaced by kevan parekh, the current planning and financial analysis.
▪️This change could make investors nervous, as Maestri has been key in managing the company’s finances, we’ll need to consider this if we’re thinking about a bullish stance on the stock.
🔹Target Prices
▪️Highest $300
▪️Average $247
▪️Lowest $186
🔹Price Analysis
👨💻 In april NASDAQ:AAPL stock hit an annual low of 164, but then had a significant rebound, rising around 45% to reach 247, marking an annual high, after that it fell back 17% to 195, and then had a 15% bounce, reaching 228 between July 16 and 17.
▪️However, there was a small drop of -4 dollars, approximately -1.60%, which has not yet been recovered, i believe the price could continue to rise to cover that pending gap of 233, and then hit a new high before starting to retrace on the chart, i’ve marked the movement I’d like to see for this week, and on friday 30, a move of 5 dollars is expected, either up or down. If it’s up, it could be just the fill of the pending gap, which I think is the most likely scenario, additionally, there is a medium term gap that almost no one is considering, between 173 and 180, created from May 2 to 3.
🔹Studies
📐RSI
▪️ 60
📐MACD
▪️ Moving Average Convergence/Divergence 2.30 showing bullish movement
▪️The moving average of the MACD 1.20 accompanying with a bullish movement in volume
🤔 Do you think Apple’s new tech will be a game changer?
