Apple - Back to no.1 in the world!NASDAQ:AAPL is back to being no.1 in the world after rallying 11% in two days.
After moving higher +25% over the past two months, Apple is now back to being the most valuable company in the world with a market cap of 3.4 trillion dollars. This means that Apple is now back to leading the indices but Apple is also retesting resistance. A pullback is definitely likely considering that trees do not grow to the sky, but the overall trend is simply clearly bullish!
Levels to watch: $170, $215
Keep your long term vision,
Philip - BasicTrading
1AAPL trade ideas
Mid-term bullish scenario Price Reaction: If the price bounces off the marked support area, we can expect it to rise towards the upper range of the linear regression channel, reaching levels between $235 and $245 in the medium term.
Precautions: It is important to monitor the price behavior in the support zone ($215 - $220). A break below this level could invalidate the bullish scenario and indicate a trend change.
AAPL Can Go Up or Down!AAPL technicals looks like its ready to push higher after holding daily support. But with ER on Thursday we have to be careful. Positioning over the next few weeks is bullish with a high gamma level at 220. A gap down on open to test 215 and hold would be ideal to look for longs but 215 is my line in the sand.
APPLE What Next? SELL!
My dear subscribers,
My technical analysis for APPLE is below:
The price is coiling around a solid key level - 230.56
Bias - Bearish
Technical Indicators: Pivot Points High anticipates a potential price reversal.
Super trend shows a clear sell, giving a perfect indicators' convergence.
Goal - 220.14
About Used Indicators:
By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses
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WISH YOU ALL LUCK
The Apple DominionThe weakest minion can terminate the Apple dominion.
Apples, like all fruit, are born to serve two purposes.
To spread the apple species and to feed birds, worms and humans.
The life of the apple is interesting to watch. It began as a tiny seed in the fields of NASDAQ in 1980, weighing at $0.39 (or grams).
Now the apple has grown to be almost 800 grams. That is record heavy for an apple.
(There have been several stock splits that lowered the price of each apple)
The miracle of nature is, that a tiny cell can multiply thousands upon thousands of times. In this case, our apple fruit has grown almost 2000x since its birth.
We have fed off of apples for a long long time.
The consumption of apples (measured in pieces) reached its peak in 2010.
Most who needed to eat a single apple, have eaten it. Volume is significantly decreasing.
This apple fruit is now massive in size. No sane person would eat 800 grams of apple in an evening. Of course volume has significantly weakened. Now with a single apple you can feed an entire family.
To make some sense of the real need for apples, we have to consider the daily consumption of apples in grams, not in a piece-by-piece basis.
This indicators makes a very simple calculation. It multiplies volume with the logarithm of price.
If we wish to compare price to volume, we must convert them both in the same scale.
Volume is linear, while price is logarithmic. To compare apples to apples, price must be turned into a linear number.
An interesting phenomenon takes shape right in front of our eyes.
Apple consumption reached its peak in 2008. From then, the market is getting progressively more saturated in apples.
Think about it. Everyone who needed an apple, has eaten one.
There is almost nobody left who has never eaten an apple.
Up until 2008, most the majority of apples went into our mouths.
Now, the majority of apples will have to evacuate through the back door.
Consumers have eaten too much of everything, not just apples.
Similar saturation problems occur in the wider feed (equity) market.
Stepping aside from the wider eating problem, we can perform some more analysis on recent price action of apples. To further support the following analysis, I will consult some professionals. Robert D. Edwards, John Magee and W.H.C. Bassetti. In their book called "Technical Analysis of Stock Trends (Eleventh Edition)", in page 62 there is an incredible chart.
As it turns out, Head-and-Shoulders patterns can be non-normal. With many bumps for heads and shoulders. This chart will be used as a guideline for recent apple prices.
These charts are too similar to ignore. Truth is usually hidden right under our noses. We may choose to ignore it, but it still exists.
While the NL (Neck Line) trend is intact, a wider trend is at risk.
Even if price tries to cloud your judgement using fakeouts, you must stay strong in your view.
And if you are afraid of being wrong, you must find more ways to prove that you are not an elephant.
Tread lightly, for this is hallowed ground.
-Father Grigori
Topping Pattern Ahead of Earnings: AAPLNASDAQ:AAPL needs to have a great earnings report on August 1st but it has a topping formation at the moment, after huge speculation from promoting something that is not yet proven to increase sales. You can't take hope to the bank. Speculation occurred as investors assumed that AI would sell more new iPhones in droves. This earnings report will reveal reality one way or another.
There is a negative divergence between the price trend and accumulation/distribution suggesting there may have been quiet rotation against the retail speculation.
Apple POSSIBLE BUYThe market is currently testing the current 0.618 FIB ZONE. Based on market trend, the market is still bullish both on Weekly and Daily. We could see BUYERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
AAPL Support and Resistance Levels and Options225 is a major level for AAPL it is shown that a previous support on 225 back in July became a resistance. There is also a spread in the options chain where if the price stays below 225 then 220, 215, and 200 will get sold as well. so far we are still under 225 so we remain bearish. however there is a lot of spread pinned in 220. if we go above 220 we can see 232.5 and 240 but below that we are still targeting 215, 210 and 200.
AAPL: The Next Key Points to Watch (D & H charts).On the daily chart, AAPL exhibits a clear upward trend supported by the 21-day EMA, which stands around 221. This moving average has provided a robust support level throughout the recent price action. The stock recently tested this level near 220.20, which acts as a double support comprising the 21-day EMA and a horizontal support line. This confluence of support levels suggests a strong area where buyers might step in.
On the hourly chart, the bearish pivot point at 232.33 has been triggered, indicating potential short-term weakness. This point marks a significant level where the price reversed its previous upward movement, leading to a lower high and lower low formation. The declining trendline connecting these lower highs and lows highlights the bearish sentiment in the short term. The 21-hour EMA is a dynamic resistance now, reinforcing the downward bias during this period.
These technical factors suggest that while the daily chart maintains a strong uptrend with significant support, the hourly chart indicates potential short-term weakness that we should monitor closely. Since it is a bull trend, any bullish reaction around the double support level would present another buying opportunity. For now, we should be cautious and wait for more clues.
For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions.
Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Mag 7 Bounce?Bloody today so far, no real signs of support that I see. VX is stalling near last week's highs though and there are a lot of stocks coming into critical support. Would not be surprised to see a bounce here. The mag 7 is retesting it's major trendline it broke above for the first time. Also, ES is at demand an near 5500. NQ is also at demand. The April uptrend on SPY and QQQ is now broken, so gotta be careful.
I think we may be due for a relief bounce here, especially if NVDA can hold on to $118. If not, it'll probably get a lot worse and fast.
Apple's Highest Dollar Volume Day EVERI was pretty surprised to see that just a few weeks ago, on a random summer June day, over 51 billion dollars worth of Apple was traded.
That's 51 BILLION DOLLARS of Apple traded in just 24 hours.
After doing some research I also realized that this was a record for Apple. At no other point in history has this much Apple traded. This is hard to ignore for any large investor and it has me thinking the following:
1. What large investor exited this position?
2. By extension, which large investor bought the position?
3. There's no way this was just day trading volume, clearly there was a large change of hands and ownership.
4. For $51 billion worth of trading activity, it's also fascinating the stock barely moved during that transaction. Perhaps it was at an agreed upon price.
We all know Buffett has an outsized stake, as do others, is it possible one of them just exited? And who was the buyer? An ETF or Mutual Fund?
I'll be watching the filings closely going forward to see who this was and what it says about Apple's potential. If it turns out to be Buffett, and knowing his skillful investment approach, I do think that'll be a rather critical sign for Apple's future.
Buy call option – at the money / in the money / out of the moneyDefinitions
Buy call option – a stock option is the right to buy a stock (but not the obligation) at a certain price for a limited period of time. The price at which the stock may be bought is called the striking price.
Three terms describe the relationship between the stock price and the options striking price: At the money / In the money / Out of the money
For example; stock XYZ trade at $100
At the money – the strike price of the option is $100
In the money - the strike price of the option is $90
Out of the money – the strike price of the option is $110
The strike price is one of the 6 factors that determine the price of the option.
Those factors are:
1. The price of the stock
2. The strike price of the option
3. The time until the option expires
4. The volatility of the stock also called “implied volatility”
5. The risk-free interest rate (usually the 90-day treasury bills)
6. The dividend rate of the stock.
The last two have less influence on the option price.
The option pricing has two elements, “time premium” and “intrinsic value”.
In this post, I’m not going to elaborate on those two. (But they are important to understand).
The Delta
The delta of an option is the amount by which the call option will increase or decrease in price if the stock moves by 1 point. The values of the delta are between zero to one, if the call option is in the money the delta is closer to 1 if the call option is out of the money the delta is closer to 0.
For example; if the stock option has a delta value of 0.8, this means that if the stock increases or decreases in price by $1 per share, the option price will rise or fall by $0.8.
The option pricing is based on a partial differential equation because of that the behaver of the option pricing is not linear, as we can see from the charts.
In the right chart, we see In the money option with a delta of 0.92, meaning the option price is behaving very similar to the stock price, we see that the lines are nearly flat.
In the left chart, we see Out of the money option with a delta of 0.12, meaning the option price does not move like the stock price, for every $1 the stock will move the option price will move $0.12.
Also, note the difference between the profit lines, to make 3 points with In the money option the stock needs to move to above $190, but the Out of the money option needs only to move above $145.
This was the profit side, the losing side as you can see if the stock will remain at the same place the In the money options will break-even while the Out of the money options will expire worthless and will lose 1 point.
The options that were used (input):
Right chart: Option price -> $25.9, Stock price -> $115 , Strike price -> 90$ , Interest rate -> 0 , Days to expire -> 56 , Implied volatility -> 40.8%
Left chart: Option price -> $1.17, Stock price -> $115 , Strike price -> $140 , Interest rate -> 0 , Days to expire -> 56 , Implied volatility -> 40.8%
One option contract is the right to buy 100 shares so the cost for the options would be: $2590 and $117 respectively, not include commissions.
For clarification: If you hold it to expiration and it is not worthless, that means you need to buy 100 shares at the strike price, $9000 in the right chart, $14,000 in the left chart. (not include what you already paid)
Apple will now probably test support down towards USD 190.00Technical Analysis of Apple Inc. (ticker on Nasdaq: AAPL)
The Apple share has shown strong development both in the short and long term, and within an upward trend.
Now it is sometimes the case that even strong trends come to an end, (cf. chart back to the strong rise for the share in the first half of 2023).
Now the share has shown a correspondingly strong development in the past six months, but now the share may face another downward correction, and within the long-term upward trend that the share is moving within.
There are occasional downward corrections and testing of support levels such as the 50-day and 200-day moving averages, and another such test of key technical support levels is now indicated by the overall technical picture for Apple stock.
That will mean a correction down to around USD 188.00 - 208.00.
There may well be a correction down to the lower trend line in the long-term rising trend as well, and in that case it will mean a correction down to around USD 180.00 - 185.00.
The overall technical picture for the Apple share, short-term and long-term, therefore now signals a correction for the share, and to somewhere between USD 180.00 - 208.00.
On Friday, the share ended at USD 224.38.