Apple stock Technical analysis: What to expect from Apple's iPhone event?

Apple is outperforming in long term charts but there isn’t a high certainty that shares will rise in short term. Will today's Apple stock Technical analysis show otherwise with the big Iphone event?

12 September, AtoZForex – Apple stock was up a day before the company is expected to announce its highly awaited 10th anniversary iPhone 8 or iPhone X. Yesterday, the Apple stock (NASDAQ: AAPL) surged 2.87 points (+1.81%) to 161.50 levels with trading volume of 31.58M. Also, the Apple Inc. will become a $1 trillion market-cap company if the stock rises to $193.70.

Stock: Apple Inc. (NASDAQ: AAPL)

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Apple stock Technical analysis

Apple’s stock on average surged about 16% in the six months prior to an iPhone launch. But only about a 4% rise occurs in the resulting six months. Expectations are even much higher for the iPhone 8 than earlier. Those anticipations are already discounted in Apple’s stock price. Any disappointment could send the stock down. Moreover, The RSI has traced a lower high in the overbought zone and is on the weaker side.

Moreover, Apple stock ordinarily performed well going into an iPhone launch, with a middle-value return 90 days earlier of 15.6%, which beat the 10.9% pick up in the S&P 500 amid similar periods.

It's important that value returns were discernibly more regrettable in the run-up to the iPhone 5s and iPhone 6s dispatches — years when Apple was relied upon to release iPhones with just minor updates as opposed to an all-new outline.

Apple stock price return into iPhone launch


iPhone release demonstrated a moderate burn, with the huge returns touching base in the vicinity of 90 and 180 days a short time later. Moreover, - 35.4% value return 180 days after the iPhone 5 release. That is apparently because of Apple's disputable choice to expel Google Maps and reveal its less solid Apple Maps application.

Apple price returns post iPhone launch


Regarding Apple's anticipated high-end iPhone, Munster said:

"I believe this phone will deliver on a much higher growth rate for the iPhone." Also, "The watch is 3 percent of Apple's business today and if they allowed it to be untethered to the phone ... it creates a bigger opportunity. We think it will essentially double the size of that business."

Apple Inc. (NASDAQ: AAPL) Monthly Pivot Points

Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 137.33 142.87 153.44 158.98 169.55 175.09 185.66
Fibonacci 142.87 149.02 152.83 158.98 165.13 168.94 175.09
Camarilla 159.57 161.05 162.52 158.98 165.48 166.95 168.43
Woodie's 139.83 144.12 155.94 160.23 172.05 176.34 188.16


What do you think about the Apple stock Technical analysis and What are you expecting from the big Apple's iPhone event? Let us know in the comments section below.

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