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1AAPL trade ideas

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
Apple Tests Long-Term SupportWith Apple dramatically underperforming the wider market, we shine a spotlight this tech giant as it retest key levels of long-term support. Apple Decline Amid Market Rally: A Departure from Historical Trends Apple's share price has declined since the turn of the year due to various factors such as slowing iPhone sales, antitrust concerns, and perceived lag in the AI race. However, long-term Apple bulls argue that this decline is exaggerated, as corrections are common and Apple has historically rebounded from sell-offs to reach new highs. Yet, the current situation differs from the past as Apple's decline coincides with a broader market rally, indicating a departure from its usual trend of rallying alongside a broader increase in risk appetite. This discrepancy is significant, Apple’s share price is currently down -8.61% year-to-date versus an S&P 500 index which has rallied nearly +10% during the same period. Contrasting with its typical behaviour of rallying in sync with market gains, this deviation from historical patterns suggests a unique situation for Apple in the current market landscape. Deciphering Apple's Price Chart: Support and Resistance Dynamics On the price chart, Apple's long-term technical structure forms a trading range, with resistance evident at the July and December 2023 swing highs, and support seen at the swing lows formed in September and October 2023. Support and resistance levels have the potential to influence market behavior, as they tend to reflect market sentiment and trader psychology. Traders who previously bought Apple shares in October 2023 and witnessed a subsequent 20% rally may be inclined to buy again when prices retest that support level. However, blindly buying at support levels disregards Apple's current underperformance and the negative momentum in its share price. In recent months, the shares have formed a descending trendline, and the RSI indicator remains below 50. Those considering buying at support levels would be wise to wait for confirmation from price action, such as a large bullish candle or a fakeout hammer candle indicating buyer interest. Such signals would suggest a resurgence in buying activity. Conversely, a break and consolidation below the support zone would mark the end of Apple's long-term trading range and could potentially trigger a more significant sell-off. AAPL Daily Candle Chart Past performance is not a reliable indicator of future results Risk Management Apple has an Average True Range (ATR) of $3.19 – traders can use this as a baseline expectation for daily price movement and factor this into to stop placement and price targets. On the economic calendar, Friday’s US monthly unemployment rate has the potential to increase the volatility of Apple’s share price. Apple will release Q2 2024 earnings on Thursday 2nd May. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance. Social media channels are not relevant for UK residents. Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84.01% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.
NASDAQ:AAPL
by Capitalcom
AAPL March 15, 24: A Bear Flag?As it is trading below both the moving averages MA-50 and MA-200, we should expect NASDAQ:AAPL to go down further. Until it doesn't. To be clear, I am not shorting NASDAQ:AAPL , do not have any plan shorting it, and never ever short any stocks in general. As described initially about the stock in an another post in the related idea section, I am looking for entry point when the stock stops moving down and starts to move up again. Part of this plan is to look for reversal pattern. Currently there is not any, only possible continuation pattern for the down move.
NASDAQ:AAPLLong
by longsonvn
1
AAPL April 4, 2024: Trending Down Together With MA-20As of April 4, 2024, NASDAQ:AAPL has been moving in the range $170 - $176 for nearly 1 month since March 6, 2024. It keeps trending down together with its MA-20, with a failed move up on March 20. On April 4, it also touched the MA-20 only to reverse down together with the overall market and closed at the lowest level. A stock can keep going down until it stops going down. We never know when it WILL stop going down. But we always can wait for a bottom pattern to form.
NASDAQ:AAPL
by longsonvn
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
Apple Reports Soon. Can it Bounce?Apple has lagged for months, but some traders may expect a recovery. The first pattern on today’s chart is the emerging double-bottom around $168.50. AAPL bounced at that level in early March and is trying to hold it again. The kind of price action may suggest the downtrend is slowing – at least for the time being. Second, the tech giant is expected to report earnings in the next few weeks. Considering the nearby support, will sellers wait for the approaching catalyst to push the downside? That could give an edge to buyers in the near-term. Third, MACD is starting to rise. Next, consider the falling trendline along the recent highs. Closing above that line may also suggest the near-term direction is less bearish. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options and futures. See our Overview for more. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options or futures); therefore, you should not invest or risk money that you cannot afford to lose. Online trading is not suitable for all investors. View the document titled Characteristics and Risks of Standardized Options at www.TradeStation.com . Before trading any asset class, customers must read the relevant risk disclosure statements on www.TradeStation.com . System access and trade placement and execution may be delayed or fail due to market volatility and volume, quote delays, system and software errors, Internet traffic, outages and other factors. Securities and futures trading is offered to self-directed customers by TradeStation Securities, Inc., a broker-dealer registered with the Securities and Exchange Commission and a futures commission merchant licensed with the Commodity Futures Trading Commission). TradeStation Securities is a member of the Financial Industry Regulatory Authority, the National Futures Association, and a number of exchanges. TradeStation Securities, Inc. and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., both operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Visit www.TradeStation.com for further important information explaining what this means.
NASDAQ:AAPL
by TradeStation
Apple and Microsoft: Which Stock Offers Greater Tech Potential?Apple and Microsoft: Which Stock Offers Greater Technical Potential? Reading time: 7 minutes Tech giants Apple (ticker: AAPL) and Microsoft (ticker: MSFT) both outperformed last year, adding 48.0% and 57.0%, respectively. Both are also part of the widely talked-about Magnificent Seven Stocks (includes Amazon , Nvidia , Meta Platforms , Tesla and Alphabet ), which collectively rose nearly 80.0% in 2023, according to the Bloomberg Magnificent Seven Total Return Index. However, while Microsoft has continued to climb higher in 2024 (+13.0% year to date), Apple has struggled to find acceptance at higher levels (-12.0% year to date). According to an analysis of the weekly timeframes, the technical picture for Apple and Microsoft is interesting for the months ahead. Trend? Microsoft's shares are in a solid position in terms of trend. A basic analysis of the stock’s trend illustrates that the company’s share price is in a clear uptrend, forming an all-time high at $430.82 in recent trading. This is positive for buyers and could encourage investors to buy into this market. On the other hand, Apple’s shares show that while the stock formed an all-time high at $199.62 in late 2023, the technical environment suggests trouble could be ahead for the stock price. The weekly chart is in the process of forming a double-top pattern off all-time highs and is closing in on the pattern’s neckline at $165.67. A break here would be considered technical confirmation for bears to target lower levels, with a price target generally based on the difference between the highest peak and the neckline, which is then extended from the breakout point to form a profit target. Both stocks also remain above their 200-week simple moving averages. However, Apple is poised to converge and retest the upper edge of this dynamic value if the double-top pattern’s neckline is engulfed, with Microsoft diverging from the moving average. Momentum? The price of Apple shows that the Relative Strength Index (RSI) suggests average losses are exceeding average gains after crossing below the 50.00 centreline. This tells us that the stock is in a phase of negative momentum and does not bode well for buyers, particularly as there is still room for the indicator to continue moving lower until the oversold area (0.00-30.00). Regarding Microsoft's stock, early negative divergence from the RSI is displayed around the overbought area (100.00-70.00). This indicates that while price action may have shaped higher highs in line with its current trend, momentum is slowing for now. Does this mean we will see a reversal here like Apple? No, not necessarily. While negative divergence should not be overlooked, this may be a false reversal signal or just a signal that the market is pausing for breath before pushing on to fresh all-time highs. Investors will want to see the RSI explore lower levels below the overbought area and maybe probe beneath the 50.00 centreline to confirm upside momentum is weakening for this stock. Given the above, there is some uncertainty with both stocks at the moment. Volume? Volume studies for Apple’s stock remained consistent since early 2023, fluctuating around the 20-period average. For investors who focus on volume, there is not much to go on right now. What could excite investors, nevertheless, is a breakout above the average volume at a point when support enters the market or price breaks above resistance. One thing to bear in mind is that average periods of volume tend to be followed up with phases of increased volume and possible price breakouts. It is clear for Microsoft that although price continues to make higher highs, volume is unsupportive. It is trading below average volume (20 periods). Investors who analyse volume are unlikely to be willing buyers at this point. An uptrend that lacks volume suggests that investors lack enthusiasm for the stock and that this is perhaps a weak rally we’re seeing. Price Action? Sticking to basics, we can see that both Apple and Microsoft benefit from nearby potential trendline support. Apple, at its current price, has support in the $155.00 area. This consists of trendline support drawn from the low of $53.15 and another potential trendline resistance turned potential support drawn from the high of $182.94. However, for Microsoft's price, there is trendline support seen closer, taken from the low of $219.35. Out of the two markets, Apple’s trendline support combination is the more attractive in terms of technical confluence. Apple or Microsoft? While opinions will differ on which stock has the greater potential, both appear worthy of attention. According to Apple's technical position, it has room to continue moving lower to the double-top pattern’s neckline at $165.67. This, coupled with Apple’s trend being meaningfully weakened and the RSI trading below the 50.00 centreline (negative momentum), may cause technical analysts to deem this a bearish market for the time being. What is likely to attract bullish eyes, nonetheless, is the trendline support combination around $155.00 and the nearby 200-week simple moving average. However, bear in mind that at this point, technical selling will also be present on the back of the double-top neckline breach. Although Microsoft is showing early negative divergence from the RSI, it is unlikely to be sufficient to draw in sellers right now and could remain overbought for prolonged periods. Should Microsoft form a correction and volume continue to slow, investors could buy the dip from trendline support. Both stocks have declining volume, yet both have the potential to see above-average volume, particularly if buyers step in at trendline supports.
NASDAQ:AAPL
by FPMarkets
✅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
📈Mastering Stock Selection:A Journey to Long-Term Wealth💰Part1Interested in selecting high-quality stocks and growing your wealth through long-term investing? Today, I'll guide you through effective stock selection methods, including the top-bottom and bottom-top approaches. Remember, as Warren Buffett famously said, "The stock market is designed to transfer money from the active to the patient." 💼📈 Let's start with the top-bottom approach. First, you choose an economy, such as Indian, US, or UK. Next, select a sector within that economy, like Financial Services, IT, or Pharma. From there, narrow down to an industry within the sector, such as AI, Clean-technology, or Hardware. Finally, choose a company within the industry. Don't worry if it seems complex – I'll provide examples and guidance throughout. 💡🔍 Conversely, the bottom-top approach flips this order. We start by selecting a company, then move up to its industry, sector, and finally, the economy. 💼🔄 Let's put theory into practice with the top-bottom approach: (a random example) 1. Choose India as the economy. 2.Select the IT sector for its promising future. 3. Opt for AI as the industry due to its potential. 4. Select Infosys as a company. Now, it's your turn! Share examples of top-bottom or bottom-top approaches in the comments for practice. 💬💡 In the upcoming discussions, we'll delve into the fundamentals of sector, industry, and company analysis. Don't worry—I'll explain everything from market cap and cash flow to return on equity (ROE). 📊✨ Target of likes (boosts): 25+ (if we achieve our target than I will make Part 2) 🎯🚀 Follow for more such ideas & learning content! 🔍
NASDAQ:AAPLEducation
by smarttrader012
1