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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Apple    AAPL

APPLE

(AAPL)
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Apple : A resistance level that suggests downside risk

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07/18/2019 | 09:32am EDT
short sell
Stop-loss triggered
Entry price : 204$ | Target : 180.1$ | Stop-loss : 212.5$ | Potential : 11.72%
Shares in Apple are trading close to a major resistance level situated around 211.75 USD, which limits upside potential and could cause a corrective move to the downside.
Investors should open a short trade and target the $ 180.1.
Chart APPLE
Duration : Period :
Apple Technical Analysis Chart | MarketScreener
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Summary
  • The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

Strengths
  • The group's activity appears highly profitable thanks to its outperforming net margins.
  • Thanks to a sound financial situation, the firm has significant leeway for investment.
  • Historically, the company has been releasing figures that are above expectations.

Weaknesses
  • The stock is currently in contact with a medium-term resistance that must be gotten rid of so as to resume the upward trend.
  • According to Standard & Poor's' forecast, revenue growth prospects are expected to be very low for the next fiscal years.
  • The company is not the most generous with respect to shareholders' compensation.
  • For the last twelve months, the trend in sales revisions has been clearly going down, which emphasizes downgraded expectations from the analysts.
  • For the past year, analysts have significantly revised downwards their profit estimates.
Apple : A resistance level that suggests downside risk

David Meurisse
© Zonebourse.com 2019
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Financials (USD)
Sales 2019 259 B
EBIT 2019 63 328 M
Net income 2019 54 134 M
Finance 2019 103 B
Yield 2019 1,48%
P/E ratio 2019 17,4x
P/E ratio 2020 15,9x
EV / Sales2019 3,14x
EV / Sales2020 3,05x
Capitalization 916 B
Upcoming event on APPLE
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 45
Average target price 221,38  $
Last Close Price 202,64  $
Spread / Highest target 33,2%
Spread / Average Target 9,25%
Spread / Lowest Target -26,0%
EPS Revisions
Managers
NameTitle
Timothy Donald Cook Chief Executive Officer & Director
Arthur D. Levinson Chairman
Jeffrey E. Williams Chief Operating Officer
Luca Maestri Chief Financial Officer & Senior Vice President
Kevin M. Lynch Vice President-Technology
Sector and Competitors
1st jan.Capitalization (M$)
APPLE28.46%915 767
SAMSUNG ELECTRONICS CO LTD--.--%241 013
XIAOMI CORP--.--%27 376
MEITU INC--.--%1 104
MERRY ELECTRONICS CO LTD--.--%957
FITBIT INC-39.03%783