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荣获2022年City of London Wealth Management Awards
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Capital Finance International Magazine (CFI.co)颁赠
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World Finance Magazine 颁赠
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CFI.co于2023年颁赠
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荣获2022年City of London Wealth Management Awards
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2021年迪拜外汇博览会获颁赠
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Ultimate Fintech 2021年颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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Capital Finance International Magazine (CFI.co)颁赠
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荣获2019年City of London Wealth Management Awards
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Shares Magazine 授予 UK Forex Awards 2018
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Capital Finance International Magazine (CFI.co)颁赠
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2017年伦敦财富管理奖
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World Finance Forex Awards 2022 颁发
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交易社区平台FOLLOWME于2021年颁赠
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CFI.co于2021年颁赠
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World Finance 2021颁发
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World Finance Forex Awards 2019 -
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2013最佳创新外汇平台奖
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2020年 Cyprus HR Awards 颁赠
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荣获2023年City of London Wealth Management Awards
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【XM Market Review】--Apple (AAPL) Stock Signal: Can the Uptrend Continue?
Risk Warning:
The purpose of information release is to warn investors of risks and does not constitute any investment advice. The relevant data and information are from third parties and are for reference only. Investors are requested to verify before use and assume all risks.
Hello everyone, today XM Forex will bring you "【XM Market Review】--Apple (AAPL) Stock Signal: Can the Uptrend Continue?". I hope it will be helpful to you! The original content is as follows:
Market Index Analysis
- Apple (AAPL) is a member of the NASDAQ 100 Index, the Dow Jones Industrial Average, the S&P 100 Index, and the S&P 500 Index.
- All four indices are at or near record highs, with technical analysis showing a potential price action reversal.
- Trading volumes during bullish sessions are lower than during bearish sessions.
- The Bull Bear Power Indicator of the NASDAQ 100 shows a negative pergence, which is a bearish sign suggesting a price action reversal could follow.
Market Sentiment Analysis
Equity markets are flirting with records despite ongoing bearish technical (to some extent) and fundamental indicators. Today’s session could push the NASDAQ 100 and the S&P 500 to fresh all-time highs after new records were set last week. Several analysts have noted the disconnect between price action and reality, but stocks can climb the wall of worry.
Apple Fundamental Analysis
Apple is the largest tech xmmakers.company by revenues and the third-largest xmmakers.company by market capitalization. It is at the core of the US tech industry, but it is taking a back seat to several disruptive trends. Still, it has high brand loyalty and a massive following.
So, why am I bearish on AAPL despite its sell-off?
While Apple has positive long-term prospects, it faces medium-term challenges. They include delays with updates to Siri, potential fines in the EU, and xmmakers.competition that is taking market share, especially outside the US. AAPL continues to generate long-term value, but it has lost its perceived safety status. It also failed to participate in recent rallies and drifted lower while the NASDAQ 100 advanced.
The price-to-earnings (PE) ratio of 25.19 makes AAPL an expensive stock. By xmmakers.comparison, the PE ratio for the Dow Jones Industrial Average is 31.00.
The average analyst price target for AAPL is 228.60, which coincides with a heavy horizontal resistance level. It suggests moderate upside potential, but analyst price targets have xmmakers.come down. I expect more downgrades.
Apple Technical Analysis
Today’s AAPL Signal
AAPL Price Chart
The AAPL D1 chart shows a breakdown below the Fibonacci Retracement Fan.
- It also shows downside pressure from a descending resistance level.
- The Bull Bear Power Indicator is contracting, and a bearish crossover is pending.
- A potential breakdown below its descending support level could magnify a selloff.
- AAPL failed to move higher with markets, a string bearish signal.
Short Trade Idea
Enter your short position between 197.43 (a core horizontal support/resistance area) and 206.24 (the peak of the previous high).
My Call
I am taking a short position in AAPL between 197.43 and 206.24. I view the recent technical breakdown as a sign of more selling ahead. AAPL faces fundamental challenges from supply chain, regulatory fines, and delays in core bullish drivers, including updated phone models and AI. Therefore, I take a medium-term bearish position, especially considering the technical outlook for equity markets over the summer.
- AAPL Entry Level: Between 197.43 and 206.24
- AAPL Take Profit: Between 169.21 and 174.62
- AAPL Stop Loss: Between 208.42 and 216.23
- Risk/Reward Ratio: 2.57
The above content is all about "【XM Market Review】--Apple (AAPL) Stock Signal: Can the Uptrend Continue?", which is carefully xmmakers.compiled and edited by XM Forex editor. I hope it will be helpful for your trading! Thank you for your support!
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