Apple (#APPLE)

Special Reports - 30/08/2023

30 August, 2023

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 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 special report based On 1 Lot Calculation:

APPLE

Apple is the most valuable company in the world and the first company ever to reach a market capitalization of 3 trillion dollars, which is 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.
SERVICES: Music, movies, TV shows, stickers and App purchases.

SMARTPHONE MARKET SHARE:

Apple (iPhone): 30.44%
Samsung: 26.10%
Xiaomi: 11.72%
Huawei: 4.12%
Others: 27.62%

Source: GS Statcounter

APPLE: iPhone EVENTS

EVENT (CONFIRMED: September 12 at 18:00 GMT+1): NEW iPhone 15 TO BE REVEALED. According to the CNBC, when the company unveils a new iPhone model, the hype-filled events are typically watched simultaneously by millions of viewers online. The company could also announce new Apple Watch models at the event, including an updated version of the high-end Apple Watch Ultra.
MOST RECENT iPhone EVENTS AND APPLE STOCK PRICE REACTION AFTER THE EVENTS:

APPLE REVEALED iPhone 14 ON SEPTEMBER 7, 2022: APPLE STOCK HAS RISEN AROUND 14% SINCE THEN.

APPLE REVEALED iPhone 13 ON SEPTEMBER 14, 2021: APPLE STOCK HAS RISEN AROUND 18% SINCE THEN.

APPLE REVEALED iPhone 12 ON OCTOBER 13, 2020: APPLE STOCK HAS RISEN AROUND 51% SINCE THEN.

Data Source: Fortrade MetaTrader 4 Platform

Please note that past performance does not guarantee future results.

APPLE: PRICE ACTION

THE STOCK HAS TRADED AROUND 8% BELOW ITS ALL- TIME HIGH OF $198.09 (July 19, 2023). Apple was last trading around $183, and if a full recovery follows to recent all- time highs, the stock could see an upside of around 8%, however the price could decline further.
ANALYSTS OPINIONS: Citigroup forecasts $240. JPMorgan forecasts $235. Wells Fargo forecasts $225. Goldman Sachs forecasts $222. Morgan Stanley forecasts $215.

#APPLE, August 30, 2023
Current Price: 183

APPLE	Weekly
Trend direction	UP
Resistance 3	240
Resistance 2	220
Resistance 1	198
Support 1	170
Support 2	165
Support 3	160

Example of calculation based on weekly trend direction for 1 Lot¹

APPLE
Pivot Points	Resistance 3	Resistance 2	Resistance 1	Support 1	Support 2	Support 3
Profit or loss in $	5,700	3,700	1,500	-1,300	-1,800	-2,300
Profit or loss in €2	5,246	3,405	1,381	-1,197	-1,657	-2,117
Profit or loss in £2	5,553	3,605	1,461	-1,267	-1,754	-2,241
Profit or loss in C$2	7,733	5,020	2,035	-1,764	-2,442	-3,120

1. 1.00 lot is equivalent of 100 units

2. Calculations for exchange rate used as of 09:00 (GMT+1) 30/08/2023

Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Senior Account ManagerClient 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 Senior Account ManagerClient Manager for more detail

Share It With Your Network

APPLE Chart

Update Time: -

Highest

Lowest

Bid Price Ask Price

1M 5M H D W

Prices are loading..

Other Special Reports

Crude Oil 09 May, 2025

Crude Oil weekly special report based on 1.00 Lot Calculation: TECHNICAL ANALYSIS: BREAKING (MAY 5): CRUDE OIL...

GOLD 09 May, 2025

GOLD weekly special report based on 1.00 Lot Calculation: GEOPOLITICS: INDIA – PAKISTAN CONFLICT: INDIA...

Alibaba (#ALIBABA) 08 May, 2025

Alibaba (#ALIBABA) weekly special report based on 1 Lot Calculation: E-COMMERCE: THE INDUSTRY THE...

Ready for trading?Start Now

Daily market review & analysis Daily EU Session & US Session Analysis for CFD Instruments

Weekly Analysis Weekly Overview of CFD Movements

Technical Analysis Trading Central Technical Analysis System

Fortrade Ltd is authorised and regulated in the UK by FCA under the licence number 609970.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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. See full risk warning

Risk warning Privacy policy

Risk Warning and Disclaimer: CFDs and margin FX are leveraged products that carry a high level of risk to your capital. You should only trade with money you can afford to lose. Be Aware: You can lose all, but not more than the balance of your Trading Account. You do not own, or have any rights to, the underlying assets. Past performance is no guarantee of future performance. This information is intended to be general in nature and is not financial product advice. Any advice contained on this website or provided to you by Fort Securities Australia Pty Ltd is general advice only and has been prepared without considering your objectives, financial situation or needs. Before acting on any information, you should consider the appropriateness of the information provided and the nature of the relevant financial product having regard to your objectives, financial situation and needs. We encourage you to obtain independent financial advice and consider our Financial Services Guide (FSG), Product Disclosure Statement (PDS) and Target Market Determination (TMD) to determine if this product is suitable for you before deciding to enter into or obtain any financial products issued by us.

This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade Australia accepts no responsibility for any use that may be made of the information and for any consequences that result. 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.

Fort Securities Australia Pty Ltd (T/A Fortrade Australia) |ABN: 33 614 683 831 | AFSL: 493520

Risk warning Privacy policy

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

Risk warning Privacy policy

Fortrade Canada Limited, 1200 Waterfront Centre, 200 Burrard Street, P.O. Box 48600, Vancouver BC V7X 1T2, Canada. Email: [email protected]
Fortrade Canada Limited is regulated by the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Company registration number: BC1148613.
Click here to see Fortrade Canada Limited on the CIRO website.

Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. 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.

Risk warning | Privacy policy

Authorised and regulated by Financial Services Commission, Mauritius (FSC), SEC-2.1B investment dealer number: GB21026472.

Risk Warning and Disclaimer: All CFDs, including cryptocurrency CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Be aware, as a retail client you can lose all, but not more than the balance of your trading account due to Fortrade’s negative balance protection.

Risk warning | Privacy policy

Daily market review & analysis Weekly Analysis Technical Analysis Micro Analysis Special Reports Economic Calendar Publications

Main Site