Apple Inc neutral

Where will Apple go?

28 july 2022 41
Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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Yesterday the U.S. stock market anomaly, which is the FOMC “drift” effect, proved to be true again.

 

It proved to be true in both Apple’s growth of 1,7% within 24 hours preceding the meeting and silver growth of 0,5% within the same period or silver growth of 3,4% within 24 hours preceding the meeting and 8 hours after the FOMC meeting.


Chart time zone is GMT + 2


 

By the close of yesterday’s trading Apple's share price came to a resistance of 156.5.

 

Today, the company reports its results for the previous quarter. Revenue is expected to be $82.59 billion, with earnings per share of $1.16.

 

In case the report either meets or exceeds forecasts, It’s highly likely to see the growth up to 166, otherwise decrease to 151 and 143,5 is possible.

Elena_Berseneva
Elena_Berseneva

Listed among the best MarketCheese authors
1st in the segments "Indices", "US stocks" and "Metals"
2nd in the segment "Currencies"
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