CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investors lose money when trading CFDs and/or forex spot with Saxo Bank (Switzerland) Ltd. 16.9% of retail clients trading in leveraged products are stopped out due to insufficient margin requirements and 0.44% of retail clients trading in leveraged products with Saxo Bank (Switzerland) Ltd. experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
Institutional
Log in Open account
Switzerland
Multiplecharts1person_1024x768M

Technical Update - Apple

Equities 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

Summary:  Apple set to open 2% lower on the back of Earnings announcement. Will it resume short term down move? What about medium term uptrend?

Apple is in a short term down trend bouncing from 0.764 retracement level back above 200 SMA. With today’s opening the 200 SMA Apple is likely to be test the Moving Average once again.
If closing below 155.38 March low at 150.10 is likely to be tested.

Apple d 29 apr
Source: Saxo Group

If that scenario plays out Apple is likely to break below medium term rising trend line (dashed line). It has already been below the (a bit) longer rising trend line only to jump back above. Next week could be decisive for Apple stock trend.
RSI has been showing divergence for a long time i.e. uptrend weakening. If it cannot break above the short term falling trend line (on RSI) 40 threshold, the pivot for negative sentiment, is likely to be tested. If closing above RSI could move back above 60 i.e. indicating Bullish trend to resume.

At the time of writing Apple is set to opening around $160.

Apple w 29 apr
Source: Saxo Group

This content is marketing material.

None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank Switzerland and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation.

Saxo Bank Switzerland’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Saxo Bank Switzerland partners with companies that provide compensation for promotional activities conduced on its platform. Additionally, Saxo Bank Switzerland has agreements with certain partners who provide retrocession contingent upon clients purchasing specific products offered by these partners.

While Saxo Bank Switzerland receives compensation from these partnerships, all educational and research content remains focused on providing information to clients.  

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo Bank Switzerland does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

The content of this website represents marketing material and is not the result of financial analysis or research. It has therefore not been prepared in accordance with directives of the Swiss Bankers Association designed to promote the independence of financial research and is not subject to any prohibition on dealing ahead of the dissemination of the marketing material.

Saxo Bank (Schweiz) AG
The Circle 38
CH-8058
Zürich-Flughafen
Switzerland

Contact Saxo

Switzerland
Switzerland
Products & pricing
Platforms
Accounts & service
General
Other
Legal

Warning Losses can exceed deposits on margin products. Please ensure you consult our Risk Warning before you start trading and you understand the risks.

All trading carries risk. Losses can exceed deposits on margin products. You should consider whether you understand how our products work and whether you can afford to take the high risk of losing your money. To help you understand the risks involved we have put together a general Risk Warning series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. The KIDs can be accessed within the trading platform. Please note that the full prospectus can be obtained free of charge from Saxo Bank (Switzerland) Ltd. or the issuer.

This website can be accessed worldwide however the information on the website is related to Saxo Bank (Switzerland) Ltd. All clients will directly engage with Saxo Bank (Switzerland) Ltd. and all client agreements will be entered into with Saxo Bank (Switzerland) Ltd. and thus governed by Swiss Law. 

The content of this website represents marketing material and has not been notified or submitted to any supervisory authority.

If you contact Saxo Bank (Switzerland) Ltd. or visit this website, you acknowledge and agree that any data that you transmit to Saxo Bank (Switzerland) Ltd., either through this website, by telephone or by any other means of communication (e.g. e-mail), may be collected or recorded and transferred to other Saxo Bank Group companies or third parties in Switzerland or abroad and may be stored or otherwise processed by them or Saxo Bank (Switzerland) Ltd. You release Saxo Bank (Switzerland) Ltd. from its obligations under Swiss banking and securities dealer secrecies and, to the extent permitted by law, data protection laws as well as other laws and obligations to protect privacy. Saxo Bank (Switzerland) Ltd. has implemented appropriate technical and organizational measures to protect data from unauthorized processing and disclosure and applies appropriate safeguards to guarantee adequate protection of such data.

Apple, iPad and iPhone are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc.