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- 1 Apple price increased by 1.18% over the past seven days.
- 2 Apple Inc. ( NASDAQ: AAPL) stock’s 52-week price range is $131 – $198.
Apple’s earnings have been increasing at an average yearly rate of 15.2%, while the Tech sector only saw a 4.4% annual growth in earnings. According to Simplywall St., a financial website, the company’s revenues have been rising at an average yearly rate of 11.1%. Apple has a return on equity of 151.7%, and its net margins are 24.5%.
Apple has a debt-to-equity ratio of 176.3%, which means that its total debt of $109.6 Billion is much higher than its total shareholder equity of $62.2 Billion. This is according to Simplywall St. Its total assets and total liabilities are $332.2 Billion and $270.0 Billion, respectively. Apple’s EBIT is $112.3 Billion, which gives it an interest coverage ratio of 515.2. It also has cash and short-term investments of $55.9 Billion.
The market capitalization of AAPL stock is $3.077 Trillion and the total revenue is $394.328 Billion. Moreover, the stock’s basic EPS is $5.91 and the price-to-earnings ratio is 33.38. Moreover, the average volume is 50.009 Million and the current volume is 35.264 Million, the current volume is below average volume.
Moreover, the stock has done well this month, increasing by 2.07% and it has surged by 31.37% in the last six months. Apple Inc. (NASDAQ: AAPL) stock has a positive year-to-date return of 50.14% and a positive 1-year return of 21.49%.
Technical Analysis of Apple Price in 1-D Timeframe
The price action shows that Apple Inc’s ( NASDAQ: AAPL) stock price has been on a rising trend for the last three months, increasing by 15.40%. At the time of writing, AAPL price is trading at $195.61 and has been making higher highs and higher lows.
Therefore, the AAPL price could continue to move upwards and reach the first and second targets of $199.97 and $205.86, if it maintains the current level. However, if the AAPL price fails to sustain the current level and drops, then it might hit the nearest support levels of $182.93 and $177.29.
At the time of publishing, Apple Inc. (NASDAQ: AAPL) is trading above the 20, 50, 100, and 200-day EMAs (exponential moving averages), which are supporting the price trend. Hence, AAPL price is expected to move upwards giving bullish views over the daily time frame chart.
The current value of RSI is 63.45 points. The 14 SMA is above the median line at 64.10 points which indicates that Apple stock is bullish as the RSI is in bullish territory.
The MACD line at 2.61 and signal line at 2.72 are above the zero line and both lines are closing in on each other. A bullish crossover is anticipated next in the MACD oscillator which signals more bullishness for the AAPL stock price.
Summary
Apple Inc. (NASDAQ: AAPL) indicates that the investors and traders of the stock price are bullish on the 1-D time frame. The price action reflects a bullish outlook at the time of publishing. The technical oscillators of the AAPL stock price also support the bullish trend. The MACD, RSI, and EMA are highlighting positive signals and imply that the uptrend may continue in AAPL stock price.
Technical Levels
- The nearest support levels for Apple price are $182.93 and $177.29.
- The nearest resistance levels for Apple price are $199.97 and $205.86.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
