Appleinc
Apple Stock Is Up 85%+ Over the Past YearWelcome to PrimeXBT ’s technical analysis of one of the stock price of one of the largest technology companies in the world: Apple.
Fundamental Analysis and News:
After the 2018 Christmas Eve collapse of U.S. equity markets, 2019 was a year that proved many forecasters wrong. The economy remained strong, markets soared, and stocks continued their decade-long expansion.
This happened despite multiple warnings from analysts of an impending recession after the yield curve inverted over the summer, producing one of the biggest signals that growth was about to turn negative.
Demand for Apple Inc. AAPL, +1.00%: iPhone sales are poised to skyrocket thanks to new 5G devices, according to Wedbush analysts, who raised their price target to $350 from $325 and maintained its outperform stock rating in a Monday note.
Apple faced several challenges at the start of 2019, including smartphone competition, diminished demand in China, and a lack of 5G innovation.
Technical Analysis:
Apple Inc. holds buy signals from both short and long-term moving averages. Some negative signals were issued as well, and these may have some influence on near-term development.
A sales signal was issued from a pivot top point on Tuesday, December 17, 2019, which indicates further losses could be imminent until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock’s price action should be followed closely.
On downwards corrections, there will be some support that’s coming from uptrend line and 1.272% Fibonacci — which is one of its major support levels. It will be the fourth correction wave of the Elliott 12345.
Several short-term signals, along with a general uptrend, are positive and we conclude that the current level may be a good buying opportunity, as there is a fair chance for this stock to perform well in the short-term.
Resistance Zone: $280 - 290
Support Level: $260
Psychological Resistance Level: $300
Market Cap: 1260.645 B
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Apple stock continues to rally, $295 is the target! 100% in 2019Over the last 14-weeks, Apple stock has had 2 red weeks, and they've been almost negligible. The stock is up nearly 80% this year alone!! We can see the stock gain 100% by the end of the year if this continues, especially around the holiday season. Since Apple is on all-time highs, the only instrument to help us with the potential upside target is the Fib extension, we've used two different levels to identify levels at which Apple may get attracted to and/or stall.
The first target level is $275 based on the Fib extension from the impulse that brought price up to this high.
The second target is $295 based on the Fib extension from the move that managed to drop price heavily in December 2018.
Where could a trader get in? The logical level is where the last slight pullback happened and the broken high at $240-$250 however that is pretty far from the current price, if the equity market does see a pullback then Apple may be more prone to retrace.
Disclaimer: This trade idea is for educational purposes exclusively, this does not constitute investment or trading advice. TRADEPRO Academy is not responsible for any market activity.
Analysis of APPLE 28.11.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 267.40
• Take Profit Level: 269.00 (160 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 266.00
• Take Profit Level: 265.00 (100 pips)
USDJPY
A possible long position at the breakout of the level 109.60
GOLD
A possible short position in the breakdown of the level 1452.00
USDCHF
A possible long position at the breakout of the level 1.0000
EURUSD
A possible short position in the breakdown of the level 1.0990
AAPL SHORT OPPORTUNITY Apple seems to be reaching its major resistance trendline. Seems to be overbought with higher RSI and Simple moving average. Apple, in general, follows this particular channel that I posted not too long ago. Since its the same channel, historical patters will show a bearish outlook of the stock due to its current price mark.
Will Apple begin to Fall?Hello, Traders!
Monfex is at your service and today we overview Apple .
AAPL is forming an ascending wedge which target is the local support zone and 50% Fibonacci with MA200. It also can be a double top pattern inside this wedge .
The local resistance zone ~ $249.6
The local support zone ~ $235
Market Cap
1124.191
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
AAPL - Irrational Exuberance - Watch for a Pullback - Gapfiller Quick one on AAPL:
- Tagging 3 ATR on the weekly and daily time frames, suggesting that a pullback is likely
- The trend (as shown from the curved line) has gone parabolic, which is impossible to continue on that path
- Price has become detached from the 9 ema, suggesting that the run has reached a stopping point (most likely for a breather before moving higher)
- There is also a gap on the daily chart visible at around $232-$231, which is likely to be filled
My target would be around the $235 range on the daily time frame (a pullback to the 21 ema)
My broader target (requires a more substantial pullback to occur) is around the $230 range (retracing to the 9 ema on the weekly time frame).
Bear in mind that when the weekly candle ticks over, these targets will change (because they are based on the dynamic targets of the moving average).
APPLE (AAPL) | Take Profit Area For Short-, Mid Term Holders!Hi,
If you have struggled to take out some profits from Apple then here is a possible hint for you.
It could be also a possible "short" opportunity but definitely, if you have a "long" position and you cannot hold it for the long term (you need money or something...), then the area between $250-$260 should be your TP.
Several channels upper trendlines starts to work as a resistances. The middle number of $250 should play an important role in this area. Some AB=CD pattern D points are inside the marked area. Basically, this area can stop the current rally.
Regards,
Vaido
Apple Trading Vision : to the New Records !Hello, dear stock Trader!
Monfex is at your service and today we overview Apple.
AAPL broke the strong resistance level - All-Time High , has already tested it locally and going to the 127% Fibonacci level. But we have on many indicators the strong bearish divergence and is sign that near $ 250-255 we will can suggest a sell position to the support zone of levels Fibo and the support line ~ $ 225-220 .
Market Cap
1068.379B
Share your thoughts, ideas about the market under the chart.
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Analysis of APPLE 15.10.2019The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.
If the level of resistance is broken, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Long Position
• Entry Level: Long Position 237.50
• Take Profit Level: 240.00 (250 pips)
If the price rebound from resistance level, you should follow the recommendations below:
• Timeframe: H4
• Recommendation: Short Position
• Entry Level: Short Position 231.60
• Take Profit Level: 230.00 (160 pips)
USDJPY
A possible long position at the breakout of the level 108.50
GOLD
A possible short position in the breakdown of the level 1487.00
USDCHF
A possible long position at the breakout of the level 0.9995
EURUSD
A possible short position in the breakdown of the level 1.1000
APPLE (AAPL) | ~15% Growth Potential!Hi,
Historically, September has been a great month for Apple. For short-, mid-term traders/investors it could be a great spot to buy it.
After the fall, which occurred at the end of 2018, the price has started to move on a pretty clean upwards channel(s).
The last Weekly candle close (~213) was highest since October 2018 and it shows that the buying pressure is quite high.
Different channels and criteria will cross at 244 which is also the major target!
Regards,
Vaido
Apple: Testing All Time Highs. Next Target $300-$350.AAPL is a step closer this week to its $233.47 All Time High. The market is skeptical, investors proceed with caution on this Resistance especially since the 1W RSI is just above the 70.000 barrier, but should they?
History shows that every time the 1W (weekly) RSI of Apple Inc breaks 70.000 after after a specific sequence and following a Higher Low on the long term Channel Up that started in 2012, it moves on to new highs, specifically chasing to price a new Higher High within the Channel.
It is astonishing how the date range (time interval) of each of those times (when the RSI hit 70.000 after a Higher Low) is exactly 987 days. Assuming the lowest % increase out of the past 2 occurrences takes place (i.e. +145%), we have a Target Zone for Apple at $300 - $350.
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