Apple stock: buy or sell?
Dec 1st, 2020
Apple stock brief
- Counting on Tuesday, it's been 5 consecutive sessions in positive for Apple. Price closed on Tuesday at $122.72 after skyrocketing a 3.08%.
- The price is currently higher than the upper Bollinger band, which usually indicates a near-term correction
- On Tuesday broke out above its latest top at $121.99
- Loop Capital posted a strong positive rating for Apple on Monday, with a forecast of $131.00
- Apple Inc. designs, manufactures, and markets smartphones, personal computers, tablets, wearables, and accessories worldwide. It also sells various related services.
Should I buy Apple stock?
Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $AAPL stock a buy?
In the current situation of Apple there is not any eligible buy setup. This doesn't mean $AAPL will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Apple stock?
When you are a novel trader and you own stock shares with some profit, it's really difficult to decide the best moment to sell and get your profits. Similarly to when we have to buy shares, determining when is the best time to sell is not a whimsical decision, and we must use our own trading strategy. Our trading system selects very simple strategies to guide us on when is a good moment to sell a stock. Be aware that these strategies should not be used for selling short Apple stock
As a golden rule, you must never mantain an investment that results in higher than expected losses upon purchase. The moment to sell shares always has to be determined by the stop-loss (automatic or manual)
Is it time to sell Apple stock?
Currently, Apple stock doesn't match any of our preferred sell setups, so if you hold Apple shares and your operation is in profit probably is not time to sell now
In the last 30 days, 4 ratings were published for Apple. General sentiment is bullish, with 3 out of 4 posting optimistic outlooks
|Nov 9th, 2020|
|Nov 19th, 2020|
|The Goldman Sachs Group|| |
|Nov 25th, 2020|
|Nov 30th, 2020|
|Loop Capital|| Neutral → |
Apple stock analysis
Supports and resistances
The current resistances are:
The current supports are:
When the price moves out of the band (above the upper line or below the lower line) it signals that the price is currently maintaining a very strong momentum and therefore can correct the trend to the average. For this case, the price is beyond the upper band, and that should mean a near-term adjustment (at least) until it is below the band
Relative strength index
The has been between the levels of 70 and 30 for several weeks, and therefore, without this indicator really being of any help to us in making any decisions.
Apple stock price history
Apple went public on Dec 12th, 1980 priced at $0.10 per share1. Since then, AAPL stock surged by 122,620.00%, with an average of 3,144.10% per year. An investment of thousand dollars at that time would be valued $1,227,200.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Apple stock
Nobody can predict how much a stock will be priced in the future. Banks and financial organisations issue their analysis predicting how a particular stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions release their price predictions based on the stock price action and the company fundamental data. Most of these forecasts follow the publication of new fundamental data by the company, and many times. Again, these predictions are not direct recommendations for individual investors and should not be trusted blindly.
There are 3 price predictions posted for Apple that average $118.67. That is a 3.30% than the current price ($122.72).
|Brokerage firm||Price target|
|Nov 9th, 2020|
|Nov 19th, 2020|
|The Goldman Sachs Group||$75.00|
|Nov 25th, 2020|
|Nov 30th, 2020|
|Loop Capital||$110.00 → $131.00|
Earnings and financials
Last October, Apple Inc. ($AAPL) reported EPS for that slightly improved analysts' expectations. Quarterly EPS was $0.73 per share instead of $0.70. This Q4 report represents an earnings surprise of 4.29%. On the contrary, reported sales were $64.7 billion, in line with analysts' estimates.In contrast, the EPS for the same quarter last year was $0.76, so current EPS means a loss of -3.95%. Revenue scarcely changed on an annualized basis in the , from $640.4B to $647.0B last quarter.
Apple ($AAPL) is hosting the quarterly earnings call late next January. Forecasted for this quarter is $1.39, compared to $0.73 that was reported for Q4.
Apple is part of the Consumer Electronics industry, which contain 6 industry peers.
Apple most relevant competitors are:
|Company||Market cap||Rating||Bullish ratings1|
|Google ($GOOGL)||$1.2T|| ||2|
|Nokia ($NOK)||$22.0B|| ||1|
|LG Display ($LPL)||$4.7B||Neutral||0|
|Sonos ($SONO)||$1.8B|| ||3|
|Universal Electronics ($UEIC)||$724.1M||Neutral||0|
1 In the last 30 days.
To better understand Apple stock performance you must compare its gains with other related stocks in same sector or industry.. For Apple, the benchmark is made against Microsoft, Google, Sony, IBM, HP, Nokia, LG Display, BlackBerry, iRobot, Sonos, GoPro and Universal Electronics.
|LG Display ($LPL)||10.50%||9.20%||42.50%|
|Universal Electronics ($UEIC)||37.30%||28.30%||12.70%|
Important:The viewpoints written in this post are personal and should not be followed as recommendations for you to buy or sell shares. The author of this article does not have any knowledge of the specific scenarios of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are provided for general educational motives only
|Tuesday, December 1st, 2020|
|Day range||$120.01 - $123.47|
|Average true range||$3.11|
|50d mov avg||$115.82|
|100d mov avg||$113.19|
|200d mov avg||$94.04|
|Earnings date||January 26th, 2021|
Frequently asked questions
What is Apple stock symbol?
Is Apple stock a buy or sell?
Will AAPL go up?
Latest Apple news
- Seeking AlphaApple's App Store Settlement: Another Win For The CompanyNov 19, 2020