Apple's Minor Cycle Correction Signals Cautious Outlook
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Apple's Minor Cycle Correction Signals Cautious Outlook
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Description
**Apple (AAPL) Analysis:** 1. **Current Price and Intraday Range:** - Current Price: $224.23 - Intraday Range: $223.35 - $225.59[4][5] 2. **Pre-market and After-hours Movement:** - No significant pre-market or after-hours...
show more1. **Current Price and Intraday Range:**
- Current Price: $224.23
- Intraday Range: $223.35 - $225.59[4][5]
2. **Pre-market and After-hours Movement:**
- No significant pre-market or after-hours movements reported in the last 24 hours.
3. **Trading Volume vs Average:**
- Volume: 40.4 million
- Average volume not provided in the sources, but 33.88 million was reported in another source, suggesting a slightly higher volume[2][4]
4. **Recent News or Announcements:**
- No major news or announcements in the last 24 hours.
5. **Major Analyst Updates or Price Target Changes:**
- No recent analyst updates or price target changes reported in the sources.
6. **Options Flow Activity:**
- No specific options flow activity reported in the sources.
7. **Related Semiconductor/AI Sector News:**
- No related news affecting Apple reported in the sources.
8. **Key Technical Indicators for Day Trading:**
- 60-Month Beta: 1.24
- Price/Sales: 8.77
- Price/Cash Flow: 29.72
- Price/Book: 60.24
- Price/Earnings ttm: 33.62
- Earnings Per Share ttm: 6.75
- Recent Earnings: $1.64 on 10/31/24
- Next Earnings Date: N/A[1]
**Market Sentiment:**
- The stock has decreased by -0.30% in the past 24 hours, indicating a slight bearish sentiment[3].
- Technical analysis suggests a minor cycle correction is inevitable after five consecutive bullish breaks and retests of the previous all-time high[3].
**Conclusion:**
Apple's stock is currently at $224.23 with a slight decrease in the past 24 hours. The intraday range indicates a stable trading session. There are no significant pre-market or after-hours movements, and no recent news or analyst updates. Technical indicators suggest a potential minor correction, and the market sentiment leans slightly bearish.
Information
Author | QP - Daily |
Organization | William Corbin |
Website | - |
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