Apple weekly uptrend opportunity based On 1.00 Lot Calculation:
GLOBAL SMARTPHONE MARKET
- MARKETS SIZE:There were 1.355 Billion smartphones sold in 2021. In 2027, that figure is expected to rise to 1.715 billion smartphones. That is a compounded annual growth rate of 3.70% between 2022 to 2027.
- MARKET SHARE BY COMPANY AND BY SALES (Q1 2022): The industry is dominated by a handful of players. Samsung has 23% of the market ($74.5 billion), Apple has 18% ($59.0 billion), Xiaomi has 12% ($39 billion), OPPO has 9% ($30.9 billion), vivo has 8% ($24.8 billion), and dozens of other smaller companies make up the last 30% ($98.1 billion).
U.S. SMARTPHONE MARKET
- MARKET SIZE: There are 294.15 million smartphone users in the United States. 85% of American adults use smartphones
- MARKET SHARE: Apple is the number one smartphone in the US with 113 million iPhone users or 38.4% of total smartphone users.
APPLE (ANALYSIS AND EVENTS)
- Apple Inc. is one of the most successful companies in the world. It makes iPhones, computers, and other mobile computing devices.
- MOST VALUABLE COMPANY IN THE WORLD: On January 3rd, 2022, Apple became the world’s first $3 trillion company. The stock price that makes Apple $3 trillion is $182.86.
- TREMENDOUS Q3 EARNINGS REPORT: Apple’s reported 3rd Quarter earnings in July 2022 exceeded the consensus forecast by 3.63%.
- EVENT: Apple’s iPhone 14 launch event (September 7, 2022): Apple is holding a launch event for their new iPhone 14 models. Demand is expected to remain the same or even higher this year for their mobile phones. Analysts predict at least 14% of current iPhone users will be upgrading this cycle, that’s higher than the 10% that upgraded to the iPhone 13 last year.
- EVENT: Apple is expected to report its 4th Quarter earnings on October 28th, 2022. Apple’s financials have exceeded analysts’ forecasts 7 of the last 8 quarters.
- ANALYST OPINION: According to Bloomberg, Wall St.’ consensus target price is $181.81. Morgan Stanley gave it a price target of $180 on August 17th, 2022. Dan Ives of Wedbush rated Apple set a target of $220 on August 17th, 2022.
#APPLE, August 31, 2022
Current Price: 159.00
Apple |
Weekly |
Trend direction |
|
190.00 |
|
180.00 |
|
170.00 |
|
150.00 |
|
140.00 |
|
130.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
Apple |
||||||
Pivot Points |
||||||
Profit or loss in $ |
3,100.00 |
2,100.00 |
1,100.00 |
-900.00 |
-1,900.00 |
-2,900.00 |
Profit or loss in €2 |
3,095.79 |
2,097.15 |
1,098.51 |
-898.78 |
-1,897.42 |
-2,896.06 |
Profit or loss in £2 |
2,656.27 |
1,799.41 |
942.55 |
-771.18 |
-1,628.04 |
-2,484.90 |
Profit or loss in C$2 |
4,053.31 |
2,745.79 |
1,438.27 |
-1,176.77 |
-2,484.29 |
-3,791.81 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 09:08 (GMT) 31/08/2022
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 details