Technical Analysis – Apple’s relentless rally continues, sets new records

Posted on August 20, 2020 at 1:43 pm GMT

Apple’s stock touched a new record high of 468.5 this week, continuing its relentless five-month rally, with the price having more than doubled since its March lows. The chart is as bullish as it can be, with an uninterrupted structure of higher highs and higher lows, and the price action taking place above all its simple moving averages (SMAs), which are pointing higher. Momentum oscillators mostly paint a positive picture as well. The MACD is above zero and over its [..]


Daily Market Comment – Fed soothes stimulus anxiety; dollar pares losses

Posted on July 30, 2020 at 8:53 am GMT

Fed tight lipped on new forward guidance but reaffirms pledge on easy policy Stocks buoyed but cautious ahead of tech earnings, US GDP and jobs data Dollar falls on Powell remarks, then bounces back; gold slips Fed maintains course, ups pressure on Congress The Federal Reserve left monetary policy unchanged on Wednesday but warned of a “slowing in the pace of the recovery”. Having already implemented a full range of tools in its fight against the coronavirus, the Fed’s decision [..]


Apple’s earnings: Moment of truth – Stock Market News

Posted on July 28, 2020 at 1:29 pm GMT

The world’s largest company by market cap will release its latest results on Thursday after Wall Street’s closing bell. The stakes couldn’t be higher as Apple’s shares have risen almost 30% this year despite falling earnings, so a lot of ‘hope’ is already priced in. Has the stock run too far ahead of fundamentals and is a reality check in order? Beyond its own shares, Apple’s results – and those of Amazon, Facebook, and Google on the same day – [..]


Technical Analysis – Apple continues powerful uptrend, stays near records

Posted on June 30, 2020 at 2:58 pm GMT

Apple’s stock reached a new all-time high of 372.16 last week, continuing its monster bull run above a three-month upside support line and above all its simple moving averages (SMAs), which are also sloping upwards. Momentum oscillators endorse the positive picture. The RSI is well above 50 and is pointing higher, while the MACD – already deep in positive territory – looks ready to cross above its red trigger line soon. If buyers manage to pierce above the record high [..]


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 – [..]


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 [..]


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 [..]


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 [..]


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 [..]


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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