AAPL trade ideas
AAPL NASDAQ US MARKETS GANN ANALYSIS 04 MAY 2024...Apple share has been doing rounds between 168 and 198 from 19 Apr 2023 and recently 24 Apr 2024. So whole year we have seen the trading range where we got 2 up and 2 down moves in this trading range. Trading this range we coud hve reduced the cost of holding by 30 multiplied by 4 times which is 120 points with the current price at 183 odd. The holding cost rediced to 63 USD after collecting 120 USD in 1 year trading it on Gann Levels.
W. D. Gann in one of the books has mentioned the cycle of 24 points. Now 168 is 24x7 cycle which is very near the odd square of 13. So after 168 comes 192 adding 24 points which is important for Apple share. So here 180 becomes important on it at 50% level. Next above 180 price next 50% level resistance is 204. We have made a high at 199.62 yet to cross to 200 mark. So Apple faces resistance at 204 to be watched henceforth.
Chart show two important levels at 168.25 and 197.63. The trend level to attempt the high of 199.62 is 182.94. Momentum can be seen only above this level at current price. We have price and time squaring level at 183 on Apple share. So watch critically at 183 the price action ahead.
Happy Trading !!!
Apple: "Buy the dip " in short term?Hi Traders!
On the daily time frame NASDAQ:AAPL has completed an important bullish structure and it is currently working on a corrective structure on the intraday chart. That said, in our view, Apple will trigger a bullish corrective structure in the near term, with ABC Pattern or a harmonic structure. With this in mind, our view is bullish with “Buy The Dip” with Target 1 around 180 area.
Trade with care
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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.
Apple Stock Surges 7% After Record-Setting $110B Stock BuybackApple stock ( NASDAQ:AAPL ) rallied 7% after the company announced a record-setting $110B stock buyback program, marking the largest buyback value ever announced in US history. The move follows Apple's second-quarter earnings, which topped Wall Street's estimates by 22%. The company's board authorized $110 billion in share repurchases, a 22% increase over last year's $90 billion authorization. This marks the largest buyback value ever announced in US history. Apple also reported a revenue of $90.8 billion for the three-month period ended on March 30, despite a 4.3% drop from the year-ago period.
The results came as a relief to investors, as Apple ( NASDAQ:AAPL ) has posted sales declines in the past five out of six quarters in the face of a tough smartphone market in China. Last month, Apple ( NASDAQ:AAPL ) was overtaken by Samsung as the world's No.1 phone maker, according to the latest data from research firm IDC.
Apple ( NASDAQ:AAPL ) did not provide formal guidance for the rest of its fiscal 2024, but finance chief Luca Maestri said the company expected the current quarter will deliver double-digit year-over-year percentage growth in iPad sales. The Services division is also forecast to continue growing, including subscriptions, warranties, licensing fees, and Apple Pay features.
Apple ( NASDAQ:AAPL ) reported reported net income of $23.64 billion, or $1.53 per share, down 2% from $24.16 billion, or $1.52 per share, in the year-ago period. iPhone sales fell nearly 10% to $45.96 billion, suggesting weak demand for the latest iPhone, the 15 Pro and Pro Max models, which were released in September. Sales of other Apple products, including its Apple Watch and AirPods headphones, also dropped 10% year-over-year to $7.9 billion.
Mac sales were up 4% to $7.45 billion, attributed to the upgraded M3 chip placed in the company's new MacBook Air models as of March.
Technical Outlook
Apple Inc. ( NASDAQ:AAPL ) stock is up 6.37% at the time of writing trading above the 200-day Moving Average (MA) with a Relative Strength Index (RSI) of 67.45 paving the way for further growth. The daily price chart indicates a gapper effect, it appears to be an up-side gap that occurred as a result of the buyback fundamental.
AAPL PUTSJumped right into my base for puts, i have this as a first retest.. Lets see if this baby gap fills.
APPLBased on the spike on apple stocks last night due to its financial report, my analysis for next TP will be at 195. It might get dragged to 182
APPLE approching towards the apex of the descending triangleNASDAQ:AAPL moving towards the apex of the descending triangle on weekly charts.
We may see a drop from the levels of 169
Positive: Volumes are low which predicts otherwise
AAPL Share Price Soars after Record Buyback AnnouncedAAPL Share Price Soars after Record Buyback Announced
Yesterday, after the end of the main trading session, Apple published its report on its activities for the 1st quarter:
→ Earnings per share: actual = $1.53; expected = $1.505;
→ Gross income: actual = $90.75; expected = $90.36.
The better-than-expected report came as a relief to investors after reporting lower sales in five of the last six quarters. In addition, the following could give positive feedback to market participants:
→ Apple's forecast is that its iPad manufacturing and services business will grow at double-digit rates;
→ company investments in AI. “We think we're well positioned,” Chief Financial Officer Luca Maestri told Bloomberg Television's Emily Chang. CEO Tim Cook is expected to outline Apple's artificial intelligence strategy at its annual Worldwide Developers Conference in June.
→ Apple Inc.'s big plan to restore investor confidence. It consists of a record $110 billion share buyback and a 4% dividend increase.
As a result, AAPL's price rose nearly 8% in post-market trading, exceeding $185 per share, although yesterday's close was around $173.
Technical analysis of the APPL chart today shows that:
→ if trading opens today at a price above $180, a significant bullish gap will form on the chart, which can serve as support in the future;
→ price dynamics suggest that the bulls are trying to break the downward trend channel (shown in red), and send the price further within the ascending channel (shown in blue), which begins in 2023;
→ with the B→C move being approximately 50% of the A→B move, this is a long-term bullish sign that allows us to evaluate the pullback from the important psychological resistance at $200 as a correction within the long-term uptrend.
According to TipRanks, the average analyst price forecast for AAPL stock is $200 in 12 months. But it's possible that AAPL's target price could be raised given recent strong fundamentals.
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Apple sees drop in revenue and net incomeApple delivered its financial results for the second quarter of fiscal year 2024. According to the report, the company generated revenue worth $90.753 billion, down 4.3% YoY, and net income of $23.636 billion, representing a decrease of 2.16% YoY. Operating income amounted to $27.9 billion for the same period, falling 1.5% YoY. In addition to that, Apple announced the largest share buyback program in the company’s history, amounting to $110 billion.
Net revenue = $90.7 billion (-4.3% YoY) vs. $94.8 billion in FY2Q23
Net income = $23.6 billion (-2.16% YoY) vs. $24.1 billion in FY2Q23
Operating income = $27.9 billion (-1.5% YoY) vs. $28.3 billion in FY2Q23
Earnings per share = $1.53 (0% YoY) vs. $1.53 in FY2Q23
Illustration 1.01
The illustration above shows Apple's price action in the aftermarket, with shares soaring more than 7%.
Additional information
Operating costs rose 5.2% YoY to $14.3 billion.
iPhone sales fell 10.4% YoY.
Mac sales increased nearly 4% YoY.
iPad sales went down 16.6% YoY.
Sales in the wearable, home, and accessories category dropped 9.6% YoY.
Revenue from services grew by 14.1%
The company’s liabilities declined by about 9.4% YoY.
Apple increased its dividend to $0.25 per share.
Forward guidance
Apple did not provide any forward guidance. However, its CEO, Tim Cook, said the company plans to announce in regard to artificial intelligence. On top of that, he expressed optimism about the company’s operations in China.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
AAPL has IndoChina headwinds SHORTAAPL is here on a 120-minute chart in what appears to be a falling wedge pattern.
As volatility gets compressed further it could break down or break out with a bais for
the latter. I believe that the rise of generic phones in China and Inda with comparable
cameras and other functionality has impacted AAPL as had the rising prices of its
flagship products. Time will tell how this plays out. In the meanwhile, I will consider that
AAPL stays in its wedge and play the top trendline with a short and go long from the
bottom. At present , with price at the upper resistance trendline, I will add to my short
position. I see AAPL staying underneath the 0.5 Fib retracement level of the uptrend for
the time being.
Apple's Coming Rally 2024
Technical Reasons:
Horizontal TL
2019 Diagonal TL
Extremes indicator
Price at Horizontal TL and Diagonal TL meeting point
200 EMA testing
Huge volume at support
50% - 61.8% support
Crown pattern
Comment :
Missing a solid, bullish, green candle on the daily chart
Good technical value proposition
Daily chart:
Weekly Chart Support:
Apple ($AAPL) Set to Report its Second-Quarter ResultsApple is ( NASDAQ:AAPL ) facing low expectations as it prepares to report its second-quarter results, with its reputation as a market leader being refuted this year. The company's reputation for outperforming in all market conditions has been refuted, as it sharply lags peers with better growth, a clearer AI narrative, and a cheaper price tag. However, there may be less room for disappointment with a lowered bar, especially with a massive buyback announcement likely. Analysts expect Apple to add another $90 billion to its repurchase program, suggesting it will follow Alphabet Inc. and Meta Platforms Inc. among the big-tech names that have announced huge buybacks this year. Apple ( NASDAQ:AAPL ) has already spent more than $650 billion buying back its own stock since 2012.
The buybacks have been a way for Apple ( NASDAQ:AAPL ) to support earnings, with revenue expected to fall almost 5% this quarter, representing its weakest rate in more than a year. Overall tech revenue is expected to rise 8.6% this quarter, according to Bloomberg Intelligence. The growth trends largely reflect the Greater China region, which accounted for nearly 19% of Apple's 2023 revenue. The stock is down 10% this year, compared with a gain of 3.9% for the Nasdaq 100 Index.
Analysts are largely cautious, with the consensus for Apple's full-year revenue dropping 2.2% over the past quarter and the view for its net earnings being down 0.8%. Fewer than 60% of the analysts tracked by Bloomberg recommend buying the stock, a ratio well below that of another megacap tech. Google paid Apple $20 billion in 2022 alone to be the default search engine on its Safari web browser, according to unredacted documents that surfaced on the eve of closing arguments Thursday that will wrap up the Justice Department's landmark antitrust trial.
5/2/24 - $aapl - beat but prefer the Q's on this print instead5/2/24 - vrockstar - hard to not opine here. valuation is v reasonable compared to the TNX and other big liquid tech considering play on AI integration (tools), VR/AR (even if it's small doesn't matter at all... rn - it's relevant for longevity of growth), services will continue to grow in the mix. lots you can do here. they have so much cash they can only do one thing with it... buy back shares. i'd be tempted to go long here, but i'm playing the QQQ's long as a response to this print which will also capture NVDA/ semis long too. GL to holders. I'd be a definite dip buyer even on a shallow one here. target is probably in the 180s.
Apple Earnings Boost Stock to 182 ? Reasons Why
Apple’s Fiscal 2024 First Quarter Results:
Apple reported its financial results for the first quarter of fiscal year 2024, which ended on December 30, 2023. Here are the key highlights:
Revenue: The company posted quarterly revenue of $119.6 billion, representing a 2 percent year-over-year increase.
Earnings Per Share (EPS): Quarterly earnings per diluted share reached $2.18, marking a 16 percent year-over-year growth.
Services Revenue: Apple achieved an all-time record in services revenue during this quarter.
Active Devices: The installed base of active Apple devices surpassed 2.2 billion, reaching an all-time high across all products and geographic segments.
Cash Flow and Dividends: Apple generated nearly $40 billion of operating cash flow and returned almost $27 billion to shareholders. The company’s board of directors declared a cash dividend of $0.24 per share of common stock, payable on February 15, 2024.
Long Idea and Earnings Impact:
While the earnings report reflects strong performance, it’s essential to consider the broader market context and analysts’ expectations.
Analysts estimate an average EPS of $1.41 for Apple’s second quarter of 2024, with a range between $1.32 and $1.45.
As an investor, you might want to assess factors such as:
iPhone Sales: The growth in iPhone sales significantly contributed to Apple’s revenue. Monitor iPhone demand trends and product launches.
Services Segment: Services revenue hit a record high. Evaluate the sustainability of this growth.
Margin Expansion: The all-time record EPS resulted from margin expansion. Understand the drivers behind this improvement.
Dividends: Apple’s consistent dividend payments provide income for long-term investors.
AAPL Scalping Zones Mid Day Update. Levels on FIRE!!! 5/2Follow the team and bank. Check me out on x for more trading related post and analysis.
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APPLE This is why you should not miss this buy opportunity.Apple (AAPL) dived by -18% from the December 14 2023 High and following yet another rejection on its 1D MA50 this week, many turned increasingly skeptical over the stocks future. On this chart however, we examine Apple's ratio against Nasdaq (NDX) and gives a very clear answer.
As you can see, the ratio is about to form a Death Cross on the 1W time-frame, with the price attempting a rebound after having been hammered below the 1W MA200 (orange trend-line). In the past 11 years, every time the ratio was below its 1W MA200 (green arc) and on a 1W Death Cross in particular, that was the market bottom and Apple largely outperformed the rest of the index.
In fact the minimum it rose by until the next large correction was +53.54% and the maximum +95.31%. In 1W RSI terms, this bottom is very similar to January 2013, when the RSI also got extremely oversold at 20.00.
Bottom-line: Apple is most likely expected to outperform the index in the coming years, thus presenting a very rare long-term buy opportunity.
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Bullish Scenario...Thought I would make an idea outlining the potential Bull case here - not sure how accurate the targets/timelines will be but it's a fractal guideline of what can take place.
$AAPL Analysis, Key Levels & Targets - Buy TargetNASDAQ:AAPL Analysis, Key Levels & Targets
Time to start looking for some deals….
Apple would be a good buy at 160…. at least for a swing. Deflation will bring it lower without a doubt but 160 is on my radar for a swing…
Alerts set… let’s get it…
AAPL: Descending TriangleI see a Descending Triangle pattern forming with support around 165.73 and a possible br3akout to the upside if it breaks above the 170 level by early to mid-May. Of course, I could break upwards dep3nding on how the earnings call goes tomorrow...
A17 Gaming Chip For IPhone 15 Pro Launching In June 2024According to Benzinga, (May 2, 2024 , Assassin's Creed Mirage Coming To Iphone 15Pro, IPad In June)
This new iPhone will have optimised touch controls
Support for external controllers
90 Minute Free Trial
Also, you will be required to pay a $49.99 fee to unlock the full version of this game.
Now I don't think this is the main reason the stock will gap up
as you can see on the chart above.
What is making this stock Gap up on earnings is the cross of the MACD below the zero line.
Notice that the 12 Day moving average of the MACD crossed above the 26 Day moving average
inside the MACD
Notice that this cross has caused the histogram power to increase significantly almost like this gap up is bouncing from a strong support level or system.
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Disclaimer: You will lose money from trading please learn risk management. This is not financial advice for you to use and take action on, they are just ideas.
AAPL:A Bearish Reversal Looms with Potential Downside of -9.22%?Hi Realistic Traders, let's delve into the technical analysis of NASDAQ:AAPL !
On the Daily timeframe, we've spotted a significant double-top pattern , suggesting a potential bearish reversal if the neckline is breached. Also, the price has fallen below the EMA200 line, indicating ongoing selling pressure. Despite two attempts, it hasn't managed to break above the EMA200 line, indicating strong resistance. This resistance could lead to a potential downturn in Apple's stock. Recently, there was a breakout below the neckline, confirming the bearish trend. Furthermore, MACD is showing bearish divergence in the negative zone, supporting the idea of a downward movement towards our target at 149.55."
It is essential to note that the analysis will no longer hold validity once the target/resistance area is reached.
Disclaimer:
"Please note that this analysis is solely for educational purposes and should not be considered a recommendation to take a long or short position on AAPL."
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