APPLE(#APPLE) weekly special report based On 1.00 Lot Calculation:
APPLE: THE COMPANY
- Apple is the most valuable company in the world and the first company ever to reach a market capitalization of 3.44 trillion dollars, almost equal to the Indian GDP of $3.5 trillion (the 5th largest economy in the world by GDP).
- PRODUCTS: iPhone (smartphones), iPad, Apple Watch, Mac and Apple TV.
APPLE: ARTIFICIAL INTELLIGENCE
Apple has introduced new AI features called "Apple Intelligence" in partnership with OpenAI. These updates include a major upgrade to Siri, which will use ChatGPT to handle more tasks. If Siri can't manage a complex request, ChatGPT will step in as a backup. Apple plans to stand out from Microsoft and Google by prioritizing privacy in its AI. The "Apple Intelligence" features, including ChatGPT-4o, will be part of iOS 18. The first version of iOS 18 will launch with the iPhone 16 models, but the AI features will arrive later in the iOS 18.1 update, expected in mid-to-late October.
APPLE: EVENTS
- EVENT: iPhone 16 Announcement (September 9, 18:00 GMT+1).
The company is widely expected to unveil four new iPhone models: the iPhone 16, 16 Plus, 16 Pro, and 16 Pro Max. Apple will open pre-orders a few days later on September 13 and the release date is set for September 20. According to statistics, the stock price rose on average by 4.4% a month before the new models were announced. However, the price could decline.
Stock Price Change
Source: MT4
Please note that past performance does not guarantee future results.
ANALYST OPINION: Loop Capital Markets is targeting $300. Wedbush’s price target is $285. Wells Fargo is targeting $275. Goldman Sachs is targeting $275 while Morgan Stanley targets $273.
STOCK PRICE ACTION: According to major investment banks, analysts expect Apple stock to reach $300. The stock is currently trading at approximately $226.5, which is about 25% below the targeted level. If these expectations are met, the stock could increase by around 32%. However, there is also the possibility that it could decline further.
APPLE, August 27, 2024
Current Price: 226.50
Apple |
Weekly |
Trend direction |
|
300.000 |
|
265.000 |
|
246.000 |
|
212.000 |
|
207.000 |
|
198.000 |
Example of calculation based on weekly trend direction for 1.00 Lot1
Apple |
||||||
Pivot Points |
||||||
Profit or loss in $ |
7,350.00 |
3,850.00 |
1,950.00 |
-1,450.00 |
-1,950.00 |
-2,850.00 |
Profit or loss in €² |
6,582.31 |
3,447.87 |
1,746.33 |
-1,298.55 |
-1,746.33 |
-2,552.32 |
Profit or loss in £² |
5,557.59 |
2,911.12 |
1,474.46 |
-1,096.40 |
-1,474.46 |
-2,154.99 |
Profit or loss in C$² |
9,900.41 |
5,185.93 |
2,626.64 |
-1,953.14 |
-2,626.64 |
-3,838.94 |
- 1.00 lot is equivalent of 100 units
- Calculations for exchange rate used as of 11:50 (GMT) 27/08/2024
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