Technical Analysis – Could Apple stock break out of asymmetrical triangle ahead of products launch?

Posted on September 10, 2019 at 10:18 am GMT

Apple stock is edging higher ahead of the anticipated unveiling of new products later on Tuesday, including an updated iPhone. The company’s share price is trading around the upper boundary of an asymmetrical triangle and although the RSI and the MACD both reflect a bullish bias, the Stochastics are ready to print a bearish cross above the 80 overbought mark, signaling that a downside correction could be around the corner. Should the bulls close comfortably above the 215.00 ceiling and hence [..]


Technical Analysis – Apple uptrend loses steam, may turn neutral soon

Posted on August 30, 2019 at 1:18 pm GMT

Apple’s stock touched a multi-month high at 221.5 at the end of July, but the price has retreated since then and recorded a lower high on the daily chart. This is an indication that the bigger uptrend may be losing steam. For the uptrend to resume, the bulls would need to push above 221.5. Short-term momentum oscillators are near their neutral levels, providing no clear directional signals. If buyers retake the driver’s seat, they may push towards 215.0 initially, this [..]


Technical Analysis – Apple stock fails to reach 6-month high; prints warning candles

Posted on July 29, 2019 at 2:51 pm GMT

Apple’s stock lost steam in the last sessions, after a nearly two-month rally from the low of 170.17 on June 3. The pair formed a hanging man formation followed by a close lower and then a shooting star. The bulls seem to have lost control and momentum indicators also warn of a possible short-term down move. Although the price is above the Ichimoku cloud and simple moving averages (SMAs), momentum has paused as the Ichimoku averages have moved sideways, while [..]


Technical Analysis – Apple recovers some ground, but remains neutral

Posted on June 26, 2019 at 1:39 pm GMT

Apple’s stock has recovered somewhat in the past weeks but has failed to record a higher high on the daily chart, which keeps the medium-term picture neutral for now. A break above 215.0 would turn the outlook to cautiously positive, while a move below 170.0 would shift it to tentatively negative. Short-term momentum oscillators aren’t sending any clear signals either, with the RSI pointing down but being near its neutral level, while the MACD is hovering just above its red [..]


European Open Preview – Dollar extends slide as Fed rate cut bets intensify; Powell speech eyed

Posted on June 4, 2019 at 8:16 am GMT

US dollar continues to nosedive as Treasury yields touch fresh lows on rising rate cut expectations RBA cuts rates but Australian dollar defiant as it climbs to 3-week high Tech stocks tumble as US giants, including Facebook and Apple, face antitrust probe Dollar sell-off shows no sign of abating The US currency is headed for its third straight day of sharp losses against a basket of currencies as traders continue to price in an increasing probability that the Federal Reserve [..]


Technical Analysis – Apple stock falls to 6-week lows after breaking bullish channel

Posted on May 15, 2019 at 2:44 pm GMT

Apple stock plunged to a six-week low of 184.60 after breaking the almost five-month old bullish channel to the downside. The risk remains negative in the four-hour chart as the price has also dropped well below the Ichimoku cloud, while the bearish crossover between the 20- and the 50-period simple moving averages (SMA) suggests the pair will continue to trend down. In momentum indicators, the MACD is discouraging as well, deepening in negative zone and under its red signal line. Yet [..]


Technical Analysis – Apple stock pulls back from five-month high; holds uptrend alive

Posted on April 30, 2019 at 12:45 pm GMT

Apple’s stock price gave up some gains after topping at a fresh five-month high of 208.39 last week and as the RSI in the four-hour chart peaked in overbought area. The 20-period simple moving average (SMA), however, stood on the defensive once again, keeping the market action in the January uptrend. The falling RSI and the weakness in the MACD suggest that the price may find it hard to recover in the short term, turning the spotlight to the 20-period SMA (203.79) which if significantly [..]


Technical Analysis – Apple stock surpasses 50-day SMA but stands within Ichimoku cloud

Posted on February 20, 2019 at 1:12 pm GMT

The Apple stock has rebounded on the multi-month low of 141.90 that was reached on January 3, surging above the strong 50-day simple moving average (SMA). The RSI and the MACD seem to be neutral with the former marginally sloping up above its 50 neutral mark and the latter flattening near the red trigger line. Also, the price stands inside the Ichimoku cloud and slightly below the red Tenkan-sen line in the daily timeframe. In case of a climb above the 175.00 resistance level and the 38.2% Fibonacci retracement [..]


European Open Preview – Companies sound warning on China; Brexit saga rumbles on

Posted on January 29, 2019 at 8:52 am GMT

Risk appetite stays fragile as key companies sound the alarm on Chinese growth In the UK, it may be a deciding day for Brexit as lawmakers vote on various plans Earnings season continues in full throttle today, little on economic calendar Corporate warnings on China rattle stocks, drag oil lower US equity markets closed in the red, after industrial bellwether Caterpillar (-9.1%) reported disappointing earnings and chipmaker Nvidia (-13.8%) slashed its revenue forecasts, both companies pointing the finger to weakening [..]


Can Apple’s earnings turn its fortunes around? – Stock Market News

Posted on January 28, 2019 at 2:16 pm GMT

Apple will release its fiscal first-quarter earnings on Tuesday, after the US market close. Since the firm has already provided estimates on revenues lately, traders will focus mainly on the management’s guidance for the next quarter. It’s striking that after being the market’s darling for several years, recent weakness in sales has turned Apple into an underperformer with a relatively attractive valuation. The California-based tech behemoth rattled markets in early January, when it issued preliminary estimates for its upcoming quarterly [..]

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