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Apple Inc. Market Update

9/1/2022 3:23 PM

The price of the stocks of the global giant in the field of development and sale of personal and tablet computers Apple Inc. continues to trade in a corrective trend, being around 157.00.

The key event for the company remains the launch of the new iPhone 14 model scheduled for September 7. Expectations regarding the start of sales are given a lot of attention by analysts who are trying to assess the state of demand in the market. Thus, the specialists of Wedbush Securities Inc. believe that the initial order for 90.0M units will be fully satisfied. The corporation itself continues to focus on historical demand, according to which 240.0M of all iPhone users are interested in updating their devices in the near future. Also, Apple Inc. estimates the increase in the price of a new product by 100.0 dollars from the base as a forced measure, referring to the more expensive production of smartphones due to problems with the supply of components.

The company's dividend policy remains unchanged, and an increase in the amount of payments by a symbolic 0.01 dollars in 2022 did little to attract new investors. The next payment is scheduled for August 11 and will amount to 0.23 dollars per share, which corresponds to a modest 0.55% per annum.   


The Broadening Formation pattern continues to form on the daily chart of the asset, within which a new wave is directed downward.

Technical indicators are already ready to reverse and issue a new sell signal: the range of fluctuations of the EMA of the alligator indicator continues to narrow rapidly, and the histogram of the AO oscillator has come close to the transition level.

Support levels: 154.50, 139.10. | Resistance levels: 162.60, 176.10.




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