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Good morning Traders,
Today, September 22, Lift-Off offers a SHORT trading signal on the US stock Apple Inc. (Ticker: AAPL) listed on the NASDAQ, part of the S&P500 and NASDAQ index
The stock after nearly reaching its all-time highs after reversing nearly 30 percent from its absolute highs, Friday forms a bearish signal signaled by Lift-Off.
Apple also realigns with the stock market due to macroeconomic data, which sees a possible recession in the near future.
The signal comes opo the meeting of the FOMC, the Federal Reserve's operating committee, raising interest rates by 75 bps, bringing the Fed's rates to 3.25 percent, but still with what the market expected and thus had already discounted with its movements.
The Fed has, in addition, estimated further rate hikes to lower U.S. inflation (CPI).
This news pushes stock markets down, causing Apple to close with a minus sign, precisely -2.03%
Under the chart of Apple Inc. - AAPL - with the signal detected by Lift-Off
Some information about Apple Inc.
Apple Inc. designs, manufactures and markets smartphones, personal computers, tablets, wearable devices and accessories worldwide. It also sells various related services.
In addition, the company offers iPhones, a line of smartphones; Macs, a line of personal computers; iPads, a line of multipurpose tablets; AirPods Max, a wireless over-ear headphone; and wearables, home and accessories that include AirPods, Apple TV, Apple Watch, Beats products, HomePods and iPod touches.
In addition, it provides AppleCare support services; cloud services storage services; and operates various platforms, including the App Store, that allow customers to discover and download apps and digital content, such as books, music, videos, games, and podcasts.
The company offers various services, such as Apple Arcade, a subscription-based games service; Apple Music, which offers users a curated listening experience with on-demand radio stations; Apple News, a subscription-based news and magazine service; Apple TV, which offers exclusive original content; Apple Card, a co-branded credit card; and Apple Pay, a cashless payment service, as well as licensing its intellectual property.
In addition, it serves consumers and small and medium-sized businesses; and education, business, and government markets. It distributes third-party applications for its products through the App Store.
It also sells its products through its retail and online stores and direct sales force; and third-party cellular network operators, wholesalers, retailers and resellers. Apple Inc. was incorporated in 1977 and is headquartered in Cupertino, California.
Source: https://finance.yahoo.com/
Financial Overview: AAPL's current market capitalization is USD 2,504T. The company's TTM EPS is $6.10 USD, dividend yield is 0.59% and PE is 26.10. Apple Inc's next earnings release date is November 3. The estimate is US$1.26.
Accounts, including revenue, expenses, profit and loss: AAPL's total revenue for the latest quarter is US$82.96B, down 14.72% from the previous quarter. Net income in Q3 22 is 19.44B USD.
Overview data and accounts source: Tradingview.com
Signal Board September 22, 2022
SHORT- Apple Inc. - AAPL
Input price: $153.71 (and any opening price)
Area Stop loss or adjustment (partial stop close) $162.00
Area Take profit 1 on half position with zero stop: $143.00
The second part of the trade is to be managed to go for the June lows, taking into account the $135 area
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