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Apple

Market Opportunities - 16/09/2021

16 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(#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.
  • iPhone 13 release: following the event the price fell 1.71% as a result of investors becoming accustomed to regular innovation from Apple and many of the details being reported prior to the presentations.
    Apple launched four new 5G-enabled iPhones. The new iPhone 13 series features Apple’s new A15 Bionic chip,produced in the company, and a video tool called “cinematic mode”, which allows users to hold focus on a subject even when they are moving. The new iPhone did not include reverse charging capabilities and satellite communication features.
  • Company fundamentals remain strong with analysts’ expectations for increased sales of 5G products due to further buildup of the 5G network.
  • In 82% of cases when the stock price fell after the iPhone event, in the following 7 days it fully recovered with an average increase of 5% from the level before the fall.

Market moves statistic after iPhone releases:

  • Since 2007 the only two times when price recovery took more than 10 days, after the iPhone event, was in 2010 and in 2012 when the company had supply problems and couldn’t fulfill iPhone rising demand.

The number of previous iPhone events

18

Percentage of cases the price recovered previous falls

100%

Percentage of cases the price recovered previous fall in one week

82%

Average weekly rise from the level before the fall after the event

5%

Please note that past performance does not guarantee future performance.

  • PRICE ACTION: The shares are currently trading around $148.5. Since the beginning of the year Apple’s share price increased 11.6% and currently is moving 5.5% below the record high reached on September 7 ($157.26).
  • Wall Street Journal analysts have a strong buy rating for the stock with a $169.29 medium price target. Bloomberg medium price target stands at $165.82 while Nasdaq analysts recommend a strong buy with price target at $166.17.

APPLE, September 16, 2021
Current Price: 148.55

Apple

Weekly

Trend direction

UP

Resistance 3

165.00

Resistance 2

159.00

Resistance 1

155.73

Support 1

141.50

Support 2

137.50

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 $

1,645.00

1,045.00

718.00

-705.00

-1,105.00

-1,555.00

Profit or loss in €*

1,397.88

888.02

610.14

-599.09

-939.00

-1,321.40

Profit or loss in £**

1,189.67

755.75

519.26

-509.86

-799.14

-1,124.58

Profit or loss in C$**

2,077.67

1,319.86

906.85

-890.43

-1,395.64

-1,964.00

* 1.00 lot is equivalent of 100 units
** Calculations for exchange rate used as of 12:55 (GMT+1) 16/09/2021
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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