Apple

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Apple’s earnings could shake the entire market – Stock Market News

Posted on April 29, 2020 at 8:05 am GMT

The world’s second-largest company by market capitalization will release its earnings results on Thursday after Wall Street’s closing bell, and investors will be eager to find out how Apple sees its future sales and when it expects to release its next iPhone generation. Even if the stock takes a hit on gloomy guidance, the long-term story remains bright as the firm has a clean balance sheet that will help it weather this crisis. Beyond its own stock, Apple’s results – [..]

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Technical Analysis – Apple stock reverses up but 61.8% Fibo acts as strong resistance

Posted on April 28, 2020 at 1:28 pm GMT

Apple stock price has been in a retracement movement of the latest large fall from the record high of 327 to the 212 support. The price found strong resistance at the 61.8% Fibonacci mark of the aforementioned down leg at 283 and near the 100-day simple moving average (SMA). The MACD is currently increasing positive momentum above the zero and trigger lines, while the stochastics indicate a stronger bullish move as they approaching the overbought zone. An advance above the [..]

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Daily Market Comment – Oil plunges again despite lockdown exits; gold down too

Posted on April 28, 2020 at 8:34 am GMT

Threat of another crash in oil prices after biggest oil ETF dumps holdings in June contracts But markets otherwise enjoying a rare calm as lockdown measures are slowly relaxed Stocks and dollar hold steady but gold and kiwi skid Oil’s woes persist as WTI plunges WTI oil futures are on track for a second day of hefty losses as the commodity remains heavily pressured after the biggest oil exchange-traded fund (ETF) yesterday said it plans to sell all its WTI [..]

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Technical Analysis – Apple stock feels the virus pain too; could extend losses below 234.00

Posted on March 19, 2020 at 4:07 pm GMT

Apple’s stock has been trending downwards since the peak at an all-time high of 327.70, losing as much as 24%. On Wednesday the company unveiled new products but the virus situation kept traders cautious, with the stock unable to rebound above the 200-day simple moving average (SMA). In the momentum indicators, the RSI and the MACD have yet to show signs of improvement in the bearish area, while the red Tenkan-sen line keeps decelerating, all hinting that the negative phase is not [..]

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Daily Market Comment – Apple profit warning rattles markets; gold edges up

Posted on February 18, 2020 at 9:34 am GMT

Apple Inc says it will miss revenue guidance due to China plant shutdown Stocks slide as Apple warning dashes hopes of quick rebound from virus fallout Gold hits 2-week high, oil declines on growing virus impact Pound under pressure as Britain talks tough on future trade deal with EU Markets get dealt reality check by Apple profit warning US tech giant, Apple Inc, issued a rare profit warning on Monday, saying it will miss its first quarter revenue guidance as [..]

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Things to watch in Apple’s earnings call – Stock Market News

Posted on January 27, 2020 at 11:23 am GMT

After Wall Street closes on Tuesday, Apple Inc. is scheduled to deliver financial earnings for the first quarter of its new fiscal year started in October. The news is expected to be great as revenues and earnings per share will likely be the highest ever, with the consensus recommendation being a buy. What drove Apple to record highs? Are you wondering why Apple’s stock is continuously hitting record highs over the past three months? Well, there are both internal and external reasons. [..]

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Technical Analysis – Apple stock extremely positive; indicators weaken

Posted on January 24, 2020 at 9:51 am GMT

Apple stock price is completing the fifth consecutive green month, trading near the record high of 319.85.  Practically everything paints a bullish picture as the price is holding well above the simple moving averages (SMAs) and the long-term ascending trend lines. The only warning signal comes from the MACD, which seems to have topped deep within the positive territory and has slipped beneath its red trigger line. The stochastic is also extremely high but is returning lower as it posted [..]

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Technical Analysis – Apple stock reaches new milestone in unrelenting uptrend

Posted on December 9, 2019 at 4:02 pm GMT

Apple’s stock price soared to 270.9 last week, marking a new record high and reinforcing the long term uptrend in the market. Almost everything is painting a positive picture, with price action consisting of higher peaks and higher troughs, safely above the 50- and 200-day simple moving averages (SMAs), and also above a longer term upside support line drawn from the June low. The only naysayer in all this is the RSI, which met resistance near its 70 line and [..]

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Technical Analysis – Apple stock nonstop rally shows no sign of fading

Posted on November 15, 2019 at 1:45 pm GMT

Apple’s nonstop rally has yet to show signs of fading ahead of Black Friday sales. The market has been continuously printing new all-time highs since the close above 230.00, hitting a fresh top at 264.68 on Wednesday. Although the RSI looks to be changing direction to the downside in the overbought area and the MACD seems to be losing steam towards its red signal line, both indicators are still well into the positive territory. Trend signals also remain bright as [..]

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Technical Analysis – Apple stock ascends to new all-time high

Posted on October 30, 2019 at 4:05 pm GMT

Apple stock’s recent climb from 192.45, which commenced on August 5, pushed the stock to a new all-time high of 249.38, where the bears emerged to cap further gains. Sellers’ efforts to return the price back down may be in vain though, as the positive picture looks to endure. This is backed by the upward slopes of all the simple moving averages (SMAs). The short-term oscillators reflect a stall in momentum despite sustaining a positive view. The RSI fell out [..]

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