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- 1 AAPL stock volume trades below average and the price trades above the major 20 and 50-day daily moving averages.
- 2 Apple Inc. (NASDAQ: AAPL) stock’s 52-week price range is between $124 – $198.
The Apple stock’s dividend yield for TTM is 0.53% and its last dividend payment was $0.24 per share. The AAPL last ex-dividend date was August 11th, 2023 and its payout ratio is 15.63%.
Apple Inc.’s latest quarterly earnings report for the period ending June 2023, reported an EPS of $1.26 for the period ending June 2023, beating the analysts’ estimate of $1.195 by a difference of $0.065.
AAPL’s next quarter revenue is estimated to be $89.19 Billion and the estimated EPS is $1.389. The report will be released on November 2nd, 2023.
The AAPL stock displayed a revenue of $81.80 Billion, with a net income of $19.88 Billion, but displayed a decline in profit margin of 24.30% from the last quarter. This quarter, Apple’s reported revenue exceeded analysts’ estimates by $2.084 Million (0.00%).
Furthermore, AAPL stock’s latest quarterly balance sheet for the period ending June 2023 reported total assets of $335.05 Billion and total liabilities of $274.75 Billion. The AAPL debt-to-assets ratio is at 82.01%, which might pose a concern for AAPL as the ratio is way above moderate.
AAPL Stock Price Technical Analysis in 1-D Timeframe
The AAPL stock has a CMP of $178.39 and an intraday loss of 0.34%. The AAPL stock’s average volume for the last 10 days is 59.216 Million and its current volume is 43.694 Million. The AAPL stock has a float of 15.62 Billion shares and a market cap of $2.79 Trillion.
The AAPL stock price rose from the $124 support level in January 2023 and reached a high of $198.2 in July 2023 by making higher highs and lows. It faced resistance and fell since the investors took out their profit for the period ending June 2023 quarter reports.
However, the stock showed recovery signs as the price showed healthy correction and fell to form support it took at $170 around the end of September 2023.
Therefore, if Apple stock manages to gain strong buying momentum and surges above the swing high, it can blast a new uptrend rally. Therefore, the probable resistance levels are between $180 and $190.
Alternatively, if the stock faces resistance again and continues to fall below, and breaks below $170, then it could fall up to $160.
At the time of publishing, the price of Apple Inc. (NASDAQ: AAPL) found recent support at $170, and it jumped over 20 and 50 EMA. If more buying volume assists the AAPL price may surpass the above hurdles.
The MACD indicates a bullish cross due to both lines’ histogram width broadening in the MACD tool. The RSI is at 53.99 and has bounced off the 14 SMA which is at $43.99. The indicators in the AAPL stock suggest positive signs on the charts.
Moreover, the AAPL stock ratings for the stock are positive and highly recommended based on 44 analysts who have evaluated the stock in the last three months. The 1-year price forecasts for AAPL stock by 37 analysts range between $125.00 to $240.00.
Summary
Apple Inc. (NASDAQ: AAPL) chart indicates that the traders and investors of the share price are bullish and positive on the 1-D time frame. The price action shows a bullish outlook at the time of publishing. Furthermore, the technical analysis tools of the Apple stock price highlight upward signals and support bullishness.
Technical Levels
Support Levels: $52.5 and $50.5
Resistance Levels: $54.5 and $56.5
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.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
