AAPL: No longer the apple of the eyes of the investors EPS: $1.88 vs. $1.94 estimated, down 10.9% year over year
Revenue: $117.15 billion vs. $121.10 billion estimated, down 5.49% year over year
iPhone revenue: $65.78 billion vs. $68.29 billion estimated, down 8.17% year over year
Mac revenue: $7.74 billion vs. $9.63 billion estimated, down 28.66% year over year
iPad revenue: $9.4 billion vs. $7.76 billion estimated, up 29.66% year over year
Other Products revenue: $13.48 billion vs. $15.23 billion estimated, down 8.3% year over year
Services revenue: $20.77 billion vs. $20.67 billion estimated, up 6.4% year over year
Gross margin: 42.96% vs. 42.95% estimated
Apple
APPLE Falling Resistance Reached! Sell!
Hello,Traders!
APPLE was trading in an
Uptrend but then the stock
Hit the falling resistance line
And we are seeing a bearish
Pullback already so a move down
Is to be expected
Sell!
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Apple -> Short Term ReversalHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently retesting a quite obvious previous weekly downtrend resistance line exactly at the $165 area.
Also just recently Apple stock created a weekly inverted head and shoulders so I definitely do expect the market to reject this downtrendline to retest the neckline of the inverted head and shoulders at the $155 area and then from there create more continuation towards the upside.
On the daily timeframe you can see that market structure is still massively bullish so I am now just waiting for Apple to show me some more bearish rejection at the current levels and then there is a high chance that we will see a short term rejection away from the downtrend resistance trendline.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
APPLE I Trading strategy I Key Area 🎯Welcome back! Let me know your thoughts in the comments!
** Apple Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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How to work out additional levels when breaking to new highsThis is a bit trickier and there are certain techniques that you can use. I personally use Fibonacci extensions, point and figure and any potential patterns to offer potential upside targets. I realise I have been a bit cavalier with my point and figure upside target, as you can work this out exactly, but wanted to show the techniques I use rather than concentrate on the actual count itself.
I took a look at the Apple price to give potential upside targets. The potential new targets are contingent on the old high around 183 breaking.
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AAPL bullish play ideaAAPL is onto big things 2023-2024!
Apple is a technology company that designs, manufactures, and sells consumer electronics, computer software, and online services. The company is well-known for its innovative products such as the iPhone, iPad, and Mac computers. Apple is also one of the largest companies in the world by market capitalization, with a strong balance sheet and a history of generating significant profits.
Over the past decade, Apple's stock has performed very well, with the share price increasing more than fivefold from around $50 per share in 2010 to over $250 per share in 2020. Apple has consistently delivered strong financial results, with revenues and earnings growing steadily year over year.
There are several factors that have contributed to Apple's success and strong stock performance. One key factor is the company's focus on product innovation, with a track record of releasing popular and high-quality products that have captured a loyal customer base. Apple's brand strength and customer loyalty have helped to maintain strong demand for its products, which has translated into strong financial results and stock performance.
Another key factor is Apple's financial strength and stability. The company has a large cash balance and generates significant free cash flow, which it has used to invest in research and development, acquisitions, and share buybacks. This has helped to support Apple's growth and profitability over the long term, which in turn has translated into strong stock performance.
AAPL stocks are always bullish.
Apple -> The Bulls Are StrongHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock just recently perfectly broke above a key previous weekly resistance area exactly at $155 and now after this break all of this previous resistance is turned support.
You can also see that we have a long term downtrendline coming in exactly at $165 which is turned very strong resistance again, so I am now just waiting for a retest of the $155 support area and then I do expect a move to retest the $165 resistance line.
On the daily timeframe you can see that my last analysis on Apple (linked below) already played out nicely, I am now just waiting for a minor break and retest of the current resistance area before I then do expect more continuation towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
APPLE Long After Retest! Buy!
Hello,Traders!
APPLE broke the key level
And went further up just
As I predicted and is now
Making a pullback and a
Bearish correction but
The stock is in the uptrend
So we are bullish biased
Therefore, after the retest
Of the level around 154.5$
We are likely to see a move
Up towards the target level
At around 161.2$
Buy!
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Analysis of Apple Inc. (AAPL) StockThis technical analysis will examine Apple Inc. (AAPL) stock, focusing on the inverted head and shoulders pattern identified several days ago. I'll discuss the stock's recent performance, the breakout from resistance around $156, and potential future scenarios based on current market conditions.
Inverted Head and Shoulders Pattern
The inverted head and shoulders pattern in this context is a bullish continuation pattern that signals a potential move to continue an uptrend. In my previous analysis, I highlighted the possibility that AAPL would break through the resistance level around $156, which has since occurred. Following the breakout, the stock experienced a pullback to the breakout zone, as predicted.
Potential Scenarios
Bounce to $166: If AAPL maintains its position above $156 and daily candles do not close below this level, there is potential for the stock to bounce up to the $166 area. This scenario would indicate a successful breakout, retest and a continuation of the bullish trend.
Failed Breakout: If AAPL fails to hold above $156 and daily candles close below this level, it would signal a failed breakout. In this case, the stock could quickly move back to $145 and potentially lower.
Market Dependency
The future performance of AAPL will largely depend on the overall market and its influence on the S&P 500 Index (SPX), as AAPL is a significant component of the index. The stock's ability to push higher or experience a bearish rejection will be influenced by broader market trends.
The recent breakout of AAPL above the $156 resistance level and subsequent pullback to the breakout zone align with my previous analysis. The stock's future performance will be influenced by its ability to maintain its position above $156 and broader market conditions. Traders should closely monitor market developments and be prepared to adjust their strategies based on new information, keeping in mind the potential scenarios outlined above.
Time to SHORT Apple ....! very likely bearish momentumShort Apple @CMP
TARGETS - 127 / 120
SL - 163
Hello Traders,
welcome to this free and educational m technical analysis .
On the weekly timeframe you can see that Apple stock is currently having rejection from previous weekly resistance area which we had at $160
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
We do not recommend holding any shares of Apple stockBased on my analysis, it appears that holding shares of Apple (AAPL) may not be advisable at this time. The current price is facing strong resistance, and there is limited upward pressure to push the price higher. Therefore, I recommend avoiding AAPL in your portfolio as the price is expected to decrease to $137, which is a significant support level. It is important to note that breaking out of the $147 resistance level may prove challenging for AAPL in the near future.
Is Now the Time to Buy Apple Stock?Like many other companies, Apple has experienced fluctuations in its stock value over the past few years. The COVID-19 pandemic led to a surge in technology stocks as people began investing in home offices and entertainment, causing Apple's stock to reach a record high of $180.68 in January 2022. However, macroeconomic issues have since caused consumer spending to slow, leading to a decline in many technology companies' stocks. In 2021, Apple's stock fell by 26.8%. While it has since risen by 22%, it remains 13% below its January 2022 peak.
Despite this, now is an excellent time to invest in Apple's stock after its decline from its all-time high. In the fiscal year 2022, Apple's iPhone accounted for 52% of its revenue, earning $205.5 billion, a 7% increase year-over-year. Apple's stock fell by 15% from October 2022 to January 2023 after concerns arose regarding COVID-19 restrictions in China, where 70% of all iPhones are produced. However, Apple has made several moves to strengthen its iPhone business, including plans to move production out of China and focus on India.
Apple has also indicated that it plans to maximize iPhone profits by producing more of its components in-house rather than partnering with companies such as Samsung and LG. Apple is expected to begin using its own displays, WiFi, and Bluetooth chips in the iPhone, providing significant cost savings.
While Apple is a diversified company, the iPhone is its main revenue generator. As a result, the company's efforts to strengthen its iPhone segment are crucial for its long-term success. Apple has also expanded its digital services business, which accounted for $78.1 billion in revenue in fiscal 2022, a 14% year-over-year increase. This is double the growth of the iPhone segment, and services have a significantly higher profit margin than products.
Apple's services are well-positioned for growth, particularly as the global music streaming market is projected to grow at an average annual rate of 14.7% through 2030. Apple's services are optimized for use with its products, particularly the iPhone, which has a significant market share. As a result, the company's services are expected to provide substantial growth for years to come.
Apple's stock may be down 13% from its all-time high, but its future remains bright. The company's improved iPhone business and promising growth in digital services make it an attractive investment option. Apple's forward price-to-earnings ratio has dropped 15% over the past year, making it a compelling buy at present.
AAPL stock still maintains positive momentumApple Inc. (AAPL) is a well-known technology company that produces and sells consumer electronics, computer software, and online services. The stock of Apple Inc. is listed on the NASDAQ stock exchange, and it has been one of the most popular and widely traded stocks in recent years.
The performance of AAPL stock is subject to many factors, including market conditions, global economic trends, and company-specific developments such as product launches, earnings reports, and mergers and acquisitions. In general, positive momentum in a stock indicates that buyers are in control and the stock is trending higher.
If AAPL stock is maintaining positive momentum, this could suggest that the market has a positive view of the company and its future prospects. However, stock prices can be volatile, and short-term momentum may not necessarily indicate long-term success. Investors should do their own research and analysis to evaluate the company's financial health, management, and competitive positioning before making any investment decisions.
It's important to note that investing always carries some level of risk, and past performance does not guarantee future results. Before making any investment decisions, it's important to consult with a financial advisor and conduct thorough research to assess the risk and potential returns of any investment opportunity.
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APPLE I Wait for retest of previous structure and continuationWelcome back! Let me know your thoughts in the comments!
** APPLE Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Apple -> Attacking The All-Time-HighsHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Apple stock is currently breaking above a major previous weekly resistance area which we had at $153.
In my last analysis, linked below, I explained all the reasons for which I do expect a breakout, now I am just waiting for a retest of this previous resistance which is now turned support and then from there I do expect more continuation towards the upside.
On the daily timeframe you can also see the beautiful breakout above the resistance, I am now just waiting for a retest and bullish confirmation before the next impulse towards the upside is very likely to happen.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset: