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 could be 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%.
- NEWS: Apple’s iPhone 14 launch event (September 7, 2022): Apple’s new iPhone 14 lineup was well received by critics. Apple kept its U.S. prices the same for iPhone 14 models as last year’s iPhone 13 models. Pre-orders for the new Pro models remain strong and listed wait times for both 14 Pro and 14 Pro Max are still greater than 4 weeks reflecting high demand for their latest flagship models.
- 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.’s consensus target price is $181.45. Evercore ISI gave Apple stock a price target of $185 on September 14th, 2022. Morgan Stanley gave it a price target of $180 on September 13th, 2022. Dan Ives of Wedbush rated Apple set a target of $220 on September 10th, 2022.
#APPLE, September 15, 2022
Current Price: 155.00
|
Apple |
Weekly |
|
Trend direction |
|
|
185.00 |
|
|
175.00 |
|
|
165.00 |
|
|
147.50 |
|
|
140.00 |
|
|
130.00 |
Example of calculation base on weekly trend direction for 1.00 Lot1
|
Apple |
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|
Pivot Points |
||||||
|
Profit or loss in $ |
3,000.00 |
2,000.00 |
1,000.00 |
-750.00 |
-1,500.00 |
-2,500.00 |
|
Profit or loss in €2 |
3,001.44 |
2,000.96 |
1,000.48 |
-750.36 |
-1,500.72 |
-2,501.20 |
|
Profit or loss in £2 |
2,605.12 |
1,736.74 |
868.37 |
-651.28 |
-1,302.56 |
-2,170.93 |
|
Profit or loss in C$2 |
3,948.24 |
2,632.16 |
1,316.08 |
-987.06 |
-1,974.12 |
-3,290.20 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 10:39 (GMT+1) 15/09/2022
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