Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Apple: Changing The Channel?

By Tim KnightStock MarketsMay 25, 2022 12:33AM ET
www.investing.com/analysis/apple-changing-the-channel-200624813
Apple: Changing The Channel?
By Tim Knight   |  May 25, 2022 12:33AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 

Apple (NASDAQ:AAPL), the one thin reed still holding this joke of a market together before it completely collapses, has undergone an important change in recent weeks. You see, for almost a decade, it reliably banged within that large channel you see below, and at one point, the tidal wave of free Fed money became so overwhelming, it blasted above this channel and formed a smaller, higher one.

Apple Inc, Stock Chart
Apple Inc, Stock Chart

This most recent channel held in place for a couple of years, but it broke this month. My view is that AAPL will keep slipping in price until it finds (temporary) support at the trendline of its prior, larger channel. In other words, this party has a ways to go.

Apple Inc., Stock Chart
Apple Inc., Stock Chart

 

Apple: Changing The Channel?
 

Can Apple Keep Growing?

We look at 20+ financial metrics, such as operating income growth and revenue growth, to calculate Apple's financial health score, one of five key health indicators.

Unlock AAPL Insights Now
View all of Apple's financial health scores with InvestingPro+

Related Articles

Daniel Shvartsman
A Bear Market Shopping List By Daniel Shvartsman - Jun 25, 2022

Volatility has been the constant in the 2022 bear market. Wherever we go in the next 12-18 months, bargains are starting to emerge. Here are five stocks I think are positioned well...

Tim Knight
Major Indices Closing The Gap By Tim Knight - Jun 24, 2022 2

Below are major indexes which have either closed their gaps are are extremely close to doing so. Dow Jones Composite: Dow Jones Industrials: S&P 500:

Apple: Changing The Channel?

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
Hei Leopold
Hei Leopold May 25, 2022 5:34AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
165347122426666.jpg
Energy (natgas blue) is crowding out consumer's ability to spend money on tech.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email