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Apple

Market Opportunities - 03/09/2021

03 September, 2021

The example below uses Contracts For Difference (CFDs). Calculations are only on the price of the specific instrument on the date below and calculations indicate a possible opportunity for profit or loss. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

Apple weekly uptrend opportunity based On 1.00 Lot Calculation:

  • Apple is a US multinational company which engages in the design, manufacture, and sale of smartphones, personal computers, tablets, wearables and accessories, and other variety of related services. It is one of the most valuable companies in the world with a market capitalization of $2 trillion and expectation for $ 3 trillion by the end of 2021 due to the development of the Apple Car as well as high expectations for the next iPhone.
  • EVENT: iPhone 13 release - It is expected to take place during September (probably in the third week of the month). At the event, which will probably be all virtual, analysts expect four versions of the new phone to be presented: iPhone 13, the iPhone 13 Mini, the iPhone 13 Pro and the iPhone 13 Pro Max.

    What can we expect according to the rumors?
    • Pro and Pro max models could be the first devices with the capability of satellite communication using low-earth-orbit technology but only for emergency cases. The added emergency features will require additional hardware, which the upcoming iPhone 13 is likely to come with.
    • New models should have faster wireless charging together with reverse charging capabilities.
    • Three new cameras and video features including video version of Portrait Mode, higher quality record video option called ProRes together with new filter system.

    According to a survey by SellCell, reported on by MacRumors, 44% of current iPhone users plan to upgrade to one of the iPhone 13 models when it becomes available.
  • PRICE ACTION ON THE NEW IPHONE RELEASE: According to the statistics, since 2007 when the first iPhone model was released, the price volatility was increasing around the event. One week before the event volatility has been reaching 6.5% on average and a week after around 7%.

    Please note that past performance does not guarantee future performance.

    2007-now

    Time period

    Average volatility

    One week before the release

    6.5%

    One week after the release

    7%


    The shares are currently trading around $153, entering the fourth consequent month of increase. Since the beginning of the year Apple share price increased 15%.
  • Wall Street Journal analysts have a strong buy rating for the stock with a $168 medium price target. Bloomberg medium price target stands at $165 while Nasdaq analysts have a strong buy with price target at $166.17.

Apple, September 3, 2021
Current Price: 153.45

Apple

Weekly

Trend direction

UP

Resistance 3

175.00

Resistance 2

168.00

Resistance 1

163.50

Support 1

143.50

Support 2

139.50

Support 3

133.00

Example of calculation based on weekly trend direction for 1.00 Lot*

Apple

Pivot Points

Resistance 3

Resistance 2

Resistance 1

Support 1

Support 2

Support 3

Profit or loss in $

2,155.00

1,455.00

1,005.00

-995.00

-1,395.00

-2,045.00

Profit or loss in €**

1,814.22

1,224.91

846.07

-837.65

-1,174.40

-1,721.61

Profit or loss in £**

1,558.61

1,052.33

726.87

-719.64

-1,008.94

-1,479.05

Profit or loss in C$**

2,703.71

1,825.47

1,260.89

-1,248.35

-1,750.19

-2,565.70

* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 09:50 (GMT+1) 03/09/2021
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more detail

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