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APPL

Can APPL Confirm the Bullish Trend? Today we will do a full technical analysis on APPLE INC on the 1H and explain why I recommend bullish (long) trade advice, and also discuss the  bearish  scenario. As we can see the upper resistance of this ascending channel is definitely weaker than the support line. With break-out , the resistance didn't hold well. Also we can see a break-out got rejected, but we have to keep this behavior in mind so you don't get stopped out when you want to enter a short. This lower support line of the ascending channel is very strong and it has at least 4 confirmed touches. Now that the price is at the close to the middle line of the channel, so we can see two scenarios play out. Either it breaks upwards and we can enter a long towards the upper resistance of the channel, or it breaks downwards and we can short until the lower strong support line.In general, because APPLE is trending upwards recently. I would advice to have a bullish bias here and suggest the most likely scenario of a bullish continuation
NASDAQ:AAPLLong
by TradingFleet
Apple Inc. Ticker: $AAPL Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services. The company offers iPhone, a line of smartphones; Mac, a line of personal computers; iPad, a line of multi-purpose tablets; and wearables, home, and accessories comprising AirPods, Apple TV, Apple Watch, Beats products, HomePod, iPod touch, and other Apple-branded and third-party accessories. It also provides digital content stores and streaming services; AppleCare support services; and iCloud, a cloud service, which stores music, photos, contacts, calendars, mail, documents, and others. Name: Apple Inc. Ticker: AAPL Exchange: NasdaqGS (Nasdaq Global Select) Founded: 1977 Sector: Technology Industry: Technology Hardware, Storage and Peripherals Market Cap: US$1.533t Shares outstanding: 4.33b Website: Apple.com Number of Employees: 137k (Sep 27, 2019) Location: One Apple Park Way, Cupertino, California 95014, United States Apple is the company with the most market capitalization at the moment. The 20 companies with the largest market capitalization (Billions) as of today are: AAPL: 1581.34 MSFT: 1519.27 AMZN: 1373.93 GOOGL: 983.79 FB: 671.48 BABA: 595.99 BRK.B: 426.15 V: 412.99 JNJ: 367.97 WMT: 339.01 MA: 299.13 JPM: 298.49 PG: 291.85 UNH: 280.93 TSM: 278.65 HD: 263.91 INTC: 247.73 NVDA: 233.45 Shareholders Returns: 1 Year: AAPL: 88.8% Industry: 72.1% Market: 5.6% 3 Year: AAPL: 156.2% Industry: 135.7% Market: 33.5% 5 Year: AAPL: 203.5% Industry: 182.1% Market: 61.7% Price to Earnings (PE) Ratio: 27.56x Share Price vs. Fair Value: Current Price: US$353.63 Fair Value: US$265.36 33.3% Overvalued Future Growth: How is Apple forecast to perform in the next 1 to 3 years based on estimates from 36 analysts? 7.8% Forecasted annual earnings growth Future Return on Equity: Future ROE: AAPL's Return on Equity is forecast to be very high in 3 years time (175.9%). Past Performance: How has Apple performed over the past 5 years? 3.8%Historical annual earnings growth Quality Earnings: AAPL has high quality earnings. Financial Health: Short Term Liabilities: AAPL's short term assets ($143.8B) exceed its short term liabilities ($96.1B). Long Term Liabilities: AAPL's short term assets ($143.8B) do not cover its long term liabilities ($145.9B). Debt to Equity History and Analysis: Debt Level: AAPL's debt to equity ratio (139.6%) is considered high. Reducing Debt: AAPL's debt to equity ratio has increased from 34.6% to 139.6% over the past 5 years. Debt Coverage: AAPL's debt is well covered by operating cash flow (68.8%). Interest Coverage: AAPL earns more interest than it pays, so coverage of interest payments is not a concern. Dividend: What is Apple current dividend yield, its reliability and sustainability? 0.93% Current Dividend Yield. Management: How experienced are the management team and are they aligned to shareholders interests? 3.7yrs Average management tenure CEO: Tim Cook (58yo) 8.83yrs Tenure US$11,555,466 Compensation. Mr. Timothy D. Cook, also known as Tim, has been the Chief Executive Officer of Apple Inc. since August 24, 2011. Mr. Cook served as the Chief Operating Officer of Apple Inc., from October 14, 2005 to August 24, 2011. He was responsible for all of Apple's worldwide sales and operations, including end-to-end management of Apple’s supply chain, sales activities and service and support in all markets and countries. He also Headed Apple’s Macintosh division and played a key role in the continued development of strategic reseller and supplier relationships, ensuring flexibility in response to an increasingly demanding marketplace. Compensation vs Market: Tim's total compensation ($USD11.56M) is about average for companies of similar size in the US market ($USD11.56M). Compensation vs Earnings: Tim's compensation has been consistent with company performance over the past year. Leadership Team: Name: Timothy Cook Position: CEO & Director Tenure: 8.83yrs Compensation: US$11.56m Ownership: 0.020% $299.8m Name: Luca Maestri Position: CFO & Senior VP Tenure: 6.08yrs Compensation: US$25.21m Ownership: 0.00064% $9.8m Name: Jeffrey Williams Position: Chief Operating Officer Tenure: 4.5yrs Compensation: US$25.21m Ownership: 0.0028% $43.2m Name: Katherine Adams Position: Senior VP Tenure: 2.5yrs Compensation: US$25.23m Ownership: 0.00052% $8.0m Experienced Management: AAPL's management team is considered experienced (3.7 years average tenure). Experienced Board: AAPL's board of directors are considered experienced (8.8 years average tenure). Insider Buying: AAPL insiders have only sold shares in the past 3 months. Dilution of Shares: Shareholders have not been meaningfully diluted in the past year. Recent Insider Transactions: Date: May 12,2020 Sell US$1,372,539 Chris Kondo 4491Shares Max Price: US$305.62 Top Shareholders: Top 25 shareholders own 41.99% of the company. Name: The Vanguard Group, Inc. Ownership: 7.77% Shares: 336,728,608 Current Value: $119.1b Change %: 2.25% Portfolio %: 3.46% Name: BlackRock, Inc. Ownership: 6.34% Shares: 274,684,501 Current Value: $97.1b Change %: -1.11% Portfolio %: 2.96% Name: Berkshire Hathaway Inc. Ownership: 5.66% Shares: 245,155,566 Current Value: $86.7b Change %: -2.28% Portfolio %: 32.69% Name: State Street Global Ownership: 4.17% Shares: 180,558,954 Current Value: $63.9b Change %: -1.26% Portfolio %: 4.4% Name: Kms Financial Services Ownership: 2.65% Shares: 114,827,553 Current Value: $40.6b Change %: 14855.28% Portfolio %: 24.07%
NASDAQ:AAPL
by UnknownUnicorn9363184
APPLE 🟩🟨🟥 True Facts About Justin Bieber's Love of Apple💬Apple closed some stores for COVID related reasons in some states, but it also opened stores due to re-openings in other states. That is sort of mixed news for Apple. Meanwhile, the fear in the market over a bearish IMF report and some rising COVID cases is legitimate. Overall, however, there is logic and reason to bet on Apple. Apple just made a string of bullish announcements at their recent digital-only keynote and Apple's chart is generally very bullish and tends to respect support/resistance levels. Let's take a look at some Apple levels that the bulls will need to deal with to keep this tech giant's bull run going. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- Support: S1: The S1 S/R flip and pivot point is a logical place for the bulls to find support if they should need it. S2: The S2 orderblock is good backup support for the bulls. The market is a bit jittery right now, so it wouldn't be shocking to see a further correction and a reaction at S2. S3: Finally, the S3 S/R flip and price pivot point at the previous all-time high (ATH) range should hold if a more substantial correction ends up being needed. Apple has every reason to keep running, but no asset is immune to the eventual correction after a big run. Resistance: R1: The R1 orderblock at the recent swing high and all-time high is the only identifiable level of resistance for Apple. As the only current level, it'll be important for the bulls to break this one and find support on top of it. ----- Summary: There are two likely paths for Apple. One path we see the bulls quickly take out the all-time high and then find support on top of previous resistance. The other path we see a continuation down, likely after a rejection of R1. The path downward becomes more likely if the virus fears ramp up, as without fear it is hard to see why investors aren't rushing back into Apple. Resources: www.cnbc.com + www.cnn.com + www.npr.org ✨ Drop a comment asking for an update, we do NEW setups every day! ✨
NASDAQ:AAPL
by AlphaBotSystem
MARKET OVERVIEW 👨‍👩‍👧‍👦 | $SPY + $APPL + $JNJ + $JPM + $T📊📊📊Let's take a look at the S&P, Apple, Johnson and Johnson, and AT&T. Today we are looking to see if we can find the direction of the market going into the week by analyzing some top S&P holdings that are indicative of different key sectors. The idea is to look at two bullish sector charts Apple (tech) and Johnson and Johnson (healthcare), and two bearish charts JP. Morgan (financials) and AT&T (communications), to see if we can find the direction of the market. While our money is on more upside eventually (especially with Apple making an All-Time High (ATH), zero interest rates, and stimulus outweighing temporary slow recovery concerns), we want to know if the bears of the market pull us down or the bulls can sustain continued uptrend going into the week. This write up took a long time so please Hit that 👍 button to show support for the content and help us grow 🐣 --- S&P 500 Index Support S&P: We have found a reaction on the S1 major price pivot point at the S/R flip. This is of course the ideal spot for the bulls to find support. If that last wick was the only test of this level we end up getting, all the better for the bulls. If we do need to test lower levels, then the S2 untested bullish orderblock right below us provides another chance at retaining a bullish market structure. If neither of these hold, the bulls have one last chance at the uptrend with the S3 orderblock cluster and previous range lows. A grind down to this level like we see with AT&T seems like one possible pathway there. Resistance S&P: The main resistance we will be looking at with most of these charts is seen in the S&P's R1 orderblock cluster at the previous swing high. Regardless of where we find support, this resistance will be the main point of contention. --- Apple Support APPL: Apple is by far the most bullish asset here. It is also the top holding of the S&P. The major support for Apple is the S1 orderblock and S/R flip cluster at the previous All-Time High. For the rest of the market to retain a bullish structure, S1 holding is key. If S1 can't hold, the S2 orderblock and gap-fill is the next best hope for the bulls. The bulls don't want to see any weakness for Apple, so holding these levels and making new highs is key. Resistance APPL: Apple resembles the S&P, and that is logical because it is the biggest S&P holding. Rejection at R1 for Apple means no new ATH. Breaking R1 means a new ATH. How Apple reacts matters for the market. We see this one being broken eventually, but it has to happen sooner rather than later to lift the rest of the market up and avoid a "slow recovery." --- Johnson & Johnson Support JNJ: The S1 orderblock and gap-fill on JNJ is about to be tested and is the ideal support. Finding support here means another point for the S&P bulls because we get JNJ working for us and not against us. If S1 can't hold, we have S2 not too far away, this plays into the S&P's S2 holding as well. A dip this low isn't ideal, but the bullish market structure isn't broken if S2 holds. Resistance JNJ: JNJ has been correcting longer than most of the stocks on this chart. Of course, it also has a more bullish overall structure than our JPM and T bearish charts. For JNJ though, the longer correction means more levels of resistance, both the R1 S/R and orderblock and R2 S/R stand in the way for JNJ. This makes it a little harder to rely on than Apple from a pure TA perspective. --- J.P. Morgan Support JPM: Big banks have their pros and cons right now, but for the market to reflect those pros S1 holding is ideal. JPM could be off to the races, or it could be making a drawn-out bottom formation. A retest of S2 gives weight to that long drawn out bottom, therefore the big bank and S&P bulls want S1 to hold so we can maintain momentum. Resistance JPM: The primary resistance for J.P. Morgan is the R1 orderblock at the prior swing high. The recent market structure is similar to Apple and the S&P as a whole, it is only the previous structure that signals that JPM is a weaker asset currently. Some good JPM fundamentals could help the S&P here. --- AT&T Support T: AT&T is the most bearish S&P holding we are charting. It lost its major support and is onto the S2 S/R and orderblock cluster. If this one doesn't hold, giving us a higher low, then we are simply retesting the COVID lows. If major holdings start breaking down to new lows, its a bad look for the market. The best way to avoid making new lows is not to retest old lows and instead to make lower highs. This is what the bulls want from T. Resistance T: Even though this is the most bearish chart, there isn't a ton of noteworthy resistance, which is a good thing. R1 is the main resistance for T. This range is notable as it was a previous resistance as well, T has this in common with the S&P... which helps confirm R1 being an important level to breach for the bulls. --- Summary: The S&P rallying from here or consolidating above S1 would be ideal for the bulls. For this, we need the more bullish S&P holdings like APPL and JNJ to hold their respective support levels and then rally while weaker holdings like JPM and AT&T avoid too much further correction. If some of the weaker holdings can find support at their current ranges, or perhaps even at the next range down while the more bullish holdings stay their ground, then we could still be looking for S1 and S2 to hold for the S&P. However, if the market tries to go bear, then we would more be looking big tech like Apple to hold up the rest of the market like Atlas while we eye S3 for support for the S&P. It seems unlikely that we make new lows, and so we are looking for support to hold overall, but a trip down to S3 certainly will have an overall market recovery mimicking the slower recovery noted by the FED and this scenario likely results in retests of the bottom for some of the weaker S&P holdings. Will the S&P pull an Apple and aim for new All-Time Highs, will it correct for a bit like JNJ perhaps taking us to S3, or are we going to get a JPM and T style upset? That is the question. Resources: www.zacks.com + www.nytimes.com
OANDA:SPX500USD
by AlphaBotSystem
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