Apple Stock Update: Neutral Sentiment, Minor Correction Ahead
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Apple Stock Update: Neutral Sentiment, Minor Correction Ahead
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Description
**Apple (AAPL) Stock Analysis** 1. **Current Price and Intraday Trading Range**: As of November 13, 2024, Apple's stock price is $225.12, with a recent intraday high of $226.06 and low...
show more1. **Current Price and Intraday Trading Range**: As of November 13, 2024, Apple's stock price is $225.12, with a recent intraday high of $226.06 and low of $221.19[1][3].
2. **Pre-market and After-hours Movement**: No recent pre-market or after-hours data is available in the provided sources.
3. **Trading Volume vs Average**: The trading volume on November 6, 2024, was 45.34M, which is slightly below the average volume seen in the recent past[3].
4. **Recent News or Announcements**: There are no recent news or announcements in the last 24 hours mentioned in the provided sources.
5. **Major Analyst Updates or Price Target Changes**: No recent analyst updates or price target changes are mentioned in the provided sources.
6. **Options Flow Activity**: No information on options flow activity is available in the provided sources.
7. **Related Semiconductor/AI Sector News**: No specific news affecting Apple from the semiconductor/AI sector is mentioned in the provided sources.
8. **Key Technical Indicators for Day Trading**:
- **Sharpe Ratio**: 0.0458, indicating a low return per unit of risk over the last 3 months[4].
- **Beta**: 1.239, suggesting that Apple's stock is more volatile than the market average[4].
- **50 Day MA**: 226.9626, indicating a slight downtrend from the moving average[4].
- **Highest Price**: 236.48 on October 21, 2024, and **Lowest Price**: 216.32 on September 16, 2024[4].
**Market Sentiment**: The overall market sentiment seems neutral to slightly bearish, given the recent price movements and technical indicators. The stock is trading below its 50-day moving average, and the Sharpe Ratio indicates a low return per unit of risk. However, the lack of recent news or analyst updates suggests a stable short-term outlook. **Caution**: A minor cycle correction is anticipated based on technical analysis[5].
Information
Author | QP - Daily |
Organization | William Corbin |
Website | - |
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