Bot Trader: High Volatility Stocks Yielded 7.59% for AAPL
Bot Trader: High Volatility Stocks Yielded 7.59% for AAPL
Apple (AAPL) has had an impressive week on the stock market, with a market cap increase of $61.6 billion. This surge in value can be attributed to a number of factors, including the release of their latest earnings report, which beat analyst expectations.
Apple reported earnings per share of $1.40, up from $1.18 in the same quarter last year, and revenue of $89.6 billion, up from $58.3 billion in the same quarter last year. These strong financial results were driven by strong sales of the iPhone 12, Mac, and iPad, as well as growth in the company's services and wearables segments.
Investors were also likely encouraged by the announcement of Apple's $90 billion share buyback program, which will help to support the company's stock price by reducing the number of outstanding shares.
Overall, the increase in market cap is a positive sign for Apple and its investors. The company has a strong track record of financial performance and a loyal customer base, which should continue to support its growth in the years ahead. However, it's worth noting that the tech sector is notoriously volatile, and there are always risks associated with investing in any individual stock.
As always, investors should carefully consider their own financial goals and risk tolerance before making any investment decisions.
AAPL in +1.79% Uptrend, rising for three consecutive days on October 02, 2023
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where AAPL advanced for three days, in of 335 cases, the price rose further within the following month. The odds of a continued upward trend are .
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 43 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 .
AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on AAPL as a result. In of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for AAPL turned negative on September 11, 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 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
AAPL moved below its 50-day moving average on September 06, 2023 date and that indicates a change from an upward trend to a downward trend.
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 .
The Aroon Indicator for AAPL entered a downward trend on October 03, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying 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 90, 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 consistent 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 (45.045) is normal, around the industry mean (78.668). P/E Ratio (29.155) is within average values for comparable stocks, (42.989). Projected Growth (PEG Ratio) (2.223) is also within normal values, averaging (2.015). AAPL has a moderately low Dividend Yield (0.005) as compared to the industry average of (0.024). P/S Ratio (7.205) is also within normal values, averaging (78.248).
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 54% 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% | -0.78% | ||
| SONY - AAPL | 54% Loosely correlated | -0.54% | ||
| VZIO - AAPL | 47% Loosely correlated | -2.47% | ||
| VUZI - AAPL | 45% Loosely correlated | -0.69% | ||
| GPRO - AAPL | 44% Loosely correlated | +1.99% | ||
| HEAR - AAPL | 41% Loosely correlated | -2.55% | ||
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