• Apple Stock Struggles Amid Bearish Technical Signals, Lack of Catalysts

  • Nov 8 2024
  • Length: 2 mins
  • Podcast

Apple Stock Struggles Amid Bearish Technical Signals, Lack of Catalysts

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  • Summary

  • **Apple (AAPL) Analysis:**

    1. **Current Price and Intraday Trading Range:**
    - Current price: $227.48.
    - Intraday high: $227.88, intraday low: $224.57.

    2. **Pre-market and After-hours Movement:**
    - No specific pre-market and after-hours data provided in the sources.

    3. **Trading Volume vs Average:**
    - Volume: 42.1 million shares. Average volume data not provided in the sources.

    4. **Recent News or Announcements:**
    - No recent news or announcements in the last 24 hours mentioned in the sources.

    5. **Major Analyst Updates or Price Target Changes:**
    - No recent analyst updates or price target changes mentioned in the sources.

    6. **Options Flow Activity:**
    - No options flow activity data provided in the sources.

    7. **Related Semiconductor/AI Sector News:**
    - No specific news affecting Apple mentioned in the sources.

    8. **Key Technical Indicators for Day Trading:**
    - 60-Month Beta: 1.24.
    - Price/Sales: 8.67, Price/Cash Flow: 29.36, Price/Book: 59.51, Price/Earnings ttm: 33.02.
    - Moving Averages: Bearish, Technical Indicators: Bearish.
    - TTM EPS: $6.75, TTM PE: 32.98.

    **Market Sentiment:**
    - The technical indicators suggest a bearish sentiment, with moving averages and technical indicators indicating a downward trend.
    - The stock price has seen a slight increase in the past 24 hours but remains within a narrow range.
    - The lack of recent news or announcements suggests a stable market environment for Apple stock.

    **Key Points:**
    - Current price: $227.48.
    - Intraday range: $224.57 - $227.88.
    - Technical indicators: Bearish.
    - Market sentiment: Bearish.
    - No recent news or analyst updates.
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