Apple Stock Analysis: Expert Prediction AAPL STOCK

time for Jim and stop trading Apple you don't necessarily buy it ahead of a launch that that do not work but we have two pieces today Bank of America and TD C talking very positively the C piece talking about artificial intelligence how good they're going to Fair uh uh wamy Mohan who's an analyst I really come to like from Bank of America uh global App Store revenues grew 12% and service R 14% so in other words don't buy it for the cycle there's a lot of other things going and I think that uh that Apple remains a kind of a nice port in the storm kind of looking for those that's it um because it's an AI beneficiary whoever's spending a lot on AI they get to they get to take advantage of it without having to spend a lot on AI I remain people should read our broadcom note that was out last night about what to do when the stock is down this much that's for the club I really people people have to ur I urge people to get it because it's unemotional and it's what's worked for us before because remember this stock is up huge people feel that it's not been a good stock that's quite wrong it's been a great stock and it will still be a great stock it's seven T seven $7 in earnings power thank you thank you for Ben rightous melas $7 earning power you go sell it go ahead just sell it just get out I want people to get out now the Fable get out now sell it to 130 good luck to you I'll see you tonight at 11:45 here we have the current stock market analysis for Apple Incorporated stock ticker AAP before we begin if you find these educational materials to be helpful in your trading please remember to click the like And subscribe buttons and leave your thoughts in the comment section below so that other Traders will be able to find this information more easily on the platform so here we have the 4our price chart for Apple here we can also see that the share price itself has not been immune to the recent selling pressure that has been seen throughout the technology space current lows come in right around the 217 Mark 21748 represents the near-term low that we see in this stock and as we can uh also see the share price itself has now moved well within the exponential moving average cluster for this time frame so with this price chart what we're going to be doing is we're going to be looking at two different sets of Fibonacci retrace levels and identify some important support and resistance zones that can hopefully be used to generate profitable trading strategies for this stock going forward so overall the near-term low for this stock does come in at 196 even this was a prior Spike low which did represent a bit of a false breakout to the downside as we did see that the share price broke below the 200 period exponential moving average on this time frame that would be this Rising Blue Line uh toward the uh middle of the price chart so as we can see here share prices did break below here and then also below that 200 psychological price handle but then share prices did manage to reverse quite forcefully and uh with uh with these new highs posting at two uh 23291 as we can see here these more recent price highs failed to match the prior price highs which came in at 23721 so the this recent price failure here is a bit significant again given the fact that we are we were not able to uh retest those prior uh those prior 237 highs so as things currently stand you know we're in a bit of a sideways consolidated trading range here given the fact that we are now within the exponential moving average cluster and this does suggest that share price momentum is likely to be muted uh not not a huge amount of trend activity is likely to be expected here in either direction and for this reason I do think that the stock needs a catalyst here near term in order to sort of inspire new trend uh so this could start to happen here relatively soon there are some events uh events that have been planned by this company near term I will be discussing those in in upcoming videos but for the moment uh you know we do have these price levels that we do need to sort of uh outline uh in the prior comment Jim Kramer goes over some uh some fundamentals of the company I do want to sort of mention uh he I mean he's such a big figure in this business um I do feel like I I need to sort of mention that I I am not a fan of his and the reason that I say that mostly is because uh his simply his trades do not do not beat the market uh he has a charitable trust portfolio that he kind of advertises on his show uh it does not beat the market and this is well documented uh so I just wanted to sort of mention that first because you know most of his trading calls really do need to be taken with a grain of sand I think that most of his failure to beat the market rests on the fact that he chooses stocks based on whether or not the CEO is willing to come on his show and I really do think that it's that simple uh you know there are certain CEOs that have that have come on his company for years and they just so happen to be in the charitable trust portfolio so it's really not difficult to beat the market he does not beat the market and and this has been consistent and it's been well documented uh so I just want to sort of mention that I'm not really trying to advertise James Kramer here uh but he did he did go over some fundamentals for the company and uh near- term we can see that the share price itself has uh you know been trading under a bit of pressure uh most likely due to the fact that we've we've seen huge amounts of selling pressure throughout the uh throughout the technology space and the market as a whole so uh Apple has not been immune to these uh to these price levels so as things currently stand uh you know I think that the bias here is going to remain largely sideways until uh we start to see some sort of movement probably in the broader Market we do have some event risks as I said coming up for Apple uh some new product launches some new events that are uh that are going to be seen near term uh but for the most part you know I really don't think that share prices are likely to see any major Trend activity unless we see a break below the 20980 level the reason that I point to this area specifically comes from the fact that this is the 61.8% Fibonacci retracement of this most recent trending move higher so essentially the way that I'm reaching this number is to take the 196 lows extend these to the two uh 23291 highs uh and then this gives us roughly a price on at right around 210 in addition to that we also have this Rising 200 period exponential moving average and we can see that in Prior cases where share prices did break below this level uh this was uh you know the the share price itself managed to recover quite quickly and overall we do have to then say that support zones were developed in this area even though we did see a bit of a spike lower this would have to be considered to be a false breakout so unless we see a you know a significant close below here and significant break below here and a daily close below here uh I would not I would not expect to see share prices uh you know take a take a significant dive uh in this case where share prices did move below the 200 period exponential moving average we did not get a daily close below this level so this would have been the initial sign that share prices were about to uh you know initiate or enter into a false breakout type of condition and then as we can see here those stock prices did move all the way into the uh 232 range before before finding resistance so to the downside this would ultimately be my my main price level to watch uh and then near term I would probably be looking at roughly 22530 I think that if we see a break above there then we're looking at it we're looking at a a near-term retest of this 230 291 level uh however given the fact that overall momentum has been slowing in the market I do expect to continue to see sideways trading activity from Apple near term so here's the current stock market update for Apple Incorporated stock ticker AAP our high value trading strategies membership is currently available for a limited time for only $9.99 per month these high conviction investment strategies are characterized by Superior risk to reward metrics that Target massive Market beating returns over time join now to outperform the market lock in this special introductory rate of just $9.99 per month for the entire lifetime of your membership and start trading stocks with the pro go [Music]