Apple (AAPL, $169.68) earnings expectations on May 4
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Investors are eagerly awaiting Apple's earnings report, which is set to be released on Thursday, May 4th. The tech giant has been in the spotlight lately, particularly after its stock, AAPL, experienced a downward trend of -0.95% for three consecutive days starting on April 26, 2023. This bearish sign has investors on edge, wondering if this trend will continue, and if so, what the implications will be.
The market has historically been unforgiving to stocks that continue to trend downwards, and AAPL is no exception. Looking at the data from situations where AAPL declined for three days, it's been found that in 145 of 252 cases, the price declined further within the following month. This means that the odds of a continued downward trend are high, with a 58% chance of it happening.
Despite this, Apple remains one of the most valuable companies in the world, with a market cap of over $2.5 trillion. It's been a top performer in the technology sector, consistently outpacing its competitors and posting strong earnings reports. However, even the best companies can experience periods of volatility and uncertainty, and this seems to be the case with AAPL at the moment.
As Apple prepares to release its earnings report, investors will be closely watching to see how the company performed over the last quarter. Analysts are forecasting a solid quarter, with expectations of revenue growth and strong earnings per share. However, with the recent downward trend, there is a sense of caution in the air, and investors will be looking for any signs of weakness or vulnerability in the report.
Apple's earnings report on Thursday, May 4th, will be a critical event for the company and its investors. With the recent downward trend in AAPL, the odds of a continued downward trend are high, and investors will be looking for any signs of weakness or vulnerability in the report. Regardless of the outcome, one thing is certain: Apple's performance will have a significant impact on the market, and it's sure to be a closely watched event for investors around the world.
Aroon Indicator for AAPL shows an upward move is likely
AAPL's Aroon Indicator triggered a bullish signal on May 30, 2023. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 409 similar instances where the Aroon Indicator showed a similar pattern. In of the 409 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 45 cases where AAPL's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on May 26, 2023. You may want to consider a long position or call options on AAPL as a result. In of 70 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in of 339 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Moving Average Convergence Divergence Histogram (MACD) for AAPL turned negative on May 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 38 similar instances when the indicator turned negative. In of the 38 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
AAPL broke above its upper Bollinger Band on May 30, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (44.843) is normal, around the industry mean (70.655). P/E Ratio (30.030) is within average values for comparable stocks, (43.832). Projected Growth (PEG Ratio) (2.697) is also within normal values, averaging (2.075). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.028). P/S Ratio (7.386) is also within normal values, averaging (102.898).
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a manufacturer of mobile communication, media devices, personal computers, and portable digital music players
Industry ElectronicsAppliances
AAPL and
Correlation & Price change
A.I.dvisor indicates that over the last year, AAPL has been loosely correlated with SONY. These tickers have moved in lockstep 62% of the time. This A.I.-generated data suggests there is some statistical probability that if AAPL jumps, then SONY could also see price increases.
| Ticker / NAME | Correlation To AAPL | 1D Price Change % | ||
|---|---|---|---|---|
| AAPL | 100% | +1.07% | ||
| SONY - AAPL | 62% Loosely correlated | -1.27% | ||
| GPRO - AAPL | 53% Loosely correlated | +2.68% | ||
| VUZI - AAPL | 47% Loosely correlated | +15.70% | ||
| VZIO - AAPL | 44% Loosely correlated | +0.30% | ||
| LPL - AAPL | 42% Loosely correlated | +3.02% | ||
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