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 [..]


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 [..]

Daily Market Comment – Markets steady as trade and Brexit headlines hit pause; ECB coming up

Posted on October 24, 2019 at 8:27 am GMT

Major pairs move sideways amid lack of fresh developments on the trade and Brexit fronts Speech by US Vice President on China eyed for clues on trade talks Stocks edge up despite mixed earnings ECB to kick off busy seven days for central banks Calm in FX markets but risks lurk Major pairs were trading within their recent ranges on Thursday as markets were offered a rare respite from Brexit and trade war headlines. The pound was marginally lower at [..]


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 [..]


Apple’s earnings: All eyes on iPhone guidance – Stock Market News

Posted on July 30, 2019 at 3:25 pm GMT

All of Wall Street will be watching Apple’s earnings report after the US market closes on Tuesday. Besides the headline numbers, investors will focus on the guidance by the firm’s management about the next quarter, and especially on their expectations for the new iPhone. As for the stock, it has gained substantially this year, but remains relatively attractive from a P/E perspective, at least compared to its FAANG rivals. The California-based tech titan is expected to report earnings per share [..]


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 1:38 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 [..]

Daily Market Comment – 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 2:43 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 [..]

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