Hello everyone, as we all know the market action discounts everything :)
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The Apple stock has been recovering from a downtrend that led the price to the lows of $138.07, but on the last day of trading of last week, the price has had a Bearish move that dropped the price from $153 to $146.55.
The long-term trend is positive and the short-term trend is neutral. The long-term trend may just continue or reversal may be around the corner!
AAPL is currently trading in the upper part of its 52-week range. The S&P500 Index however is currently trading near a new high, so AAPL is lagging the market slightly.
Possible Scenario For the market :
The upward movement is most likely to continue and the value of the stock will head to the first resistance line located at $154.36 where we might see a big battle between the Bears and Bulls and the winner will determine the outcome for the stock, In case the Bulls were able to win then a further push will happen that will lead the price to $158.54 by the end of the week.
In case the Bears won then we could be seeing a Bearish movement that will lead the price back to the support zone between $138.26 - $140.36.
when the price drops to this level a Head and shoulder pattern on the daily chart will start his Bearish movement, and that could lead to a big drop in the stock value
Technical Indicators shows :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The MACD is above the 0 line indicating a Bullish market, With a positive crossover between the MACD line and the Signal line.
3) The RSI is at 57.62 showing good strength in the market, with no divergences found between the market and the indicator.
Weekly Support & Resistance points :
support Resistance
1) 144.50 1) 151.52
2) 140.32 2) 154.36
3) 137.48 3) 158.54
Fundamental point of view :
AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 100% of its industry peers. The industry average Return On Assets is 1.83% and The Profit Margin is 25.00%. This is amongst the best returns in the industry. The industry average is 3.14%. AAPL outperforms 96% of its industry peers.
AAPL shows a strong growth in Earnings Per Share. Measured over the last 5 years, the EPS has been growing by 22.14% yearly and AAPL is expected to show quite a strong growth in Earnings Per Share. In the coming 5 years, the EPS will grow by 14.23% yearly.
AAPL has an Altman-Z score of 7.72. This indicates that AAPL is financially healthy and little risk of bankruptcy at the moment.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.
_________________________________Make sure to Like and Follow if you like the idea_________________________________
The Apple stock has been recovering from a downtrend that led the price to the lows of $138.07, but on the last day of trading of last week, the price has had a Bearish move that dropped the price from $153 to $146.55.
The long-term trend is positive and the short-term trend is neutral. The long-term trend may just continue or reversal may be around the corner!
AAPL is currently trading in the upper part of its 52-week range. The S&P500 Index however is currently trading near a new high, so AAPL is lagging the market slightly.
Possible Scenario For the market :
The upward movement is most likely to continue and the value of the stock will head to the first resistance line located at $154.36 where we might see a big battle between the Bears and Bulls and the winner will determine the outcome for the stock, In case the Bulls were able to win then a further push will happen that will lead the price to $158.54 by the end of the week.
In case the Bears won then we could be seeing a Bearish movement that will lead the price back to the support zone between $138.26 - $140.36.
when the price drops to this level a Head and shoulder pattern on the daily chart will start his Bearish movement, and that could lead to a big drop in the stock value
Technical Indicators shows :
1) The market is above the 5 10 20 50 100 and 200 MA and EMA (Strong Bullish sign)
2) The MACD is above the 0 line indicating a Bullish market, With a positive crossover between the MACD line and the Signal line.
3) The RSI is at 57.62 showing good strength in the market, with no divergences found between the market and the indicator.
Weekly Support & Resistance points :
support Resistance
1) 144.50 1) 151.52
2) 140.32 2) 154.36
3) 137.48 3) 158.54
Fundamental point of view :
AAPL's Return On Assets of 26.32% is amongst the best returns of the industry. AAPL outperforms 100% of its industry peers. The industry average Return On Assets is 1.83% and The Profit Margin is 25.00%. This is amongst the best returns in the industry. The industry average is 3.14%. AAPL outperforms 96% of its industry peers.
AAPL shows a strong growth in Earnings Per Share. Measured over the last 5 years, the EPS has been growing by 22.14% yearly and AAPL is expected to show quite a strong growth in Earnings Per Share. In the coming 5 years, the EPS will grow by 14.23% yearly.
AAPL has an Altman-Z score of 7.72. This indicates that AAPL is financially healthy and little risk of bankruptcy at the moment.
This is my personal opinion done with technical analysis of the market price and research online from Fundamental Analysts and News for The Fundamental point of view, not financial advice.
If you have any questions please ask and have a great day !!
Thank you for reading.