To The Moon

Market is anticipating $Apple(AAPL)$ new VR headset launch on 05 June 2023. Companies like Apple (AAPL) would use the release of an innovative, revenue-driving product or service to influence its stock's valuation.

This could be due to the fact that Apple (AAPL)'s financial performance relies on the sales of its products heavily.

This also include the upward trend of its share price are because of a better sales of its products.

But if we look at the past product releases does not always pushed share price higher.

There are already 4 occurrences in 2022.

Apple (AAPL) Price Forecast (12 months Period)

I would like to look at how the price forecast have been doing, it seem like AAPL could have an upside based on its new product launch.

Do note that VR headset is considered a ‘new’ product launch, unlike the previous one which is basically an upgrade of the version.

If we look at this product launch (Apple Studio Display) in 2022, there was actually an upside of more than 8%. No doubt there was other products as well.

I think the main focus is the Apple Studio Display.

Apple (AAPL) Pivot Point

If we look at the last traded price which is around $181, and this is above the pivot price. This would mean we could be seeing more upside in price.

New VR headset product might face competition from META, but I believe with the past product launch success, Apple (AAPL) should be able to do well.

Apple (AAPL) Insider Transaction

No doubt there were corporate insiders who has sold shares worth $709.0K in the last 3 months as AAPL price was rather eccentric.

Slowly with anticipated news of new product launch of its VR headset, The broader virtual reality industry sifts through what has been called a trough of disillusionment.

But Apple (AAPL) has a good track record to take technology and bring it to a broader customer base through their clear marketing and clearly refinement.

Apple (AAPL) Hedge Funds Holdings

As we can see the confidence by the hedge funds, there have been an increase of16.4M Shares Last Quarter by them.

I would expect this amount to increase with the anticipated product launch on Monday (05 June 2023).

Apple (AAPL) Investors Sentiment

I believe investors are still confidence in AAPL’s future growth. This can be seen from the increase of their portfolio despite price is trending upwards.

I believe a small pullback might encourage even more increase in investors holdings.

Sentiment from investors have been positive.

Apple (AAPL) Technical Analysis - Moving Averages

Looking the past trading price, it seem like AAPL technical is still strong, with TA- moving averages returning BUY signal.

Apple’s (AAPL) 10-Day exponential moving average is 175.54, while Apple’s (AAPL) share price is $180.95, making it a Buy.

Apple’s (AAPL) 100-Day exponential moving average is 160.91, while Apple’s (AAPL) share price is $180.95, making it a Buy.

Apple’s (AAPL) stock price is $180.95 and Apple’s (AAPL) 50-day simple moving average is 167.73, creating a Buy signal.

Apple’s (AAPL) stock price is $180.95 and Apple’s (AAPL) 100-day simple moving average is 157.32, creating a Buy signal.

Apple’s (AAPL) stock price is $180.95 and Apple’s (AAPL) 200-day simple moving average is 152.02, creating a Buy signal.

Summary

Apple (AAPL) have always been my preferred stocks and I am having it in my portfolio.

I am looking forward to a good price movement in pre-market on Monday(05 June), this would give me an opportunity to load some more.

Appreciate if you could share your thoughts in the comment section whether you would consider loading AAPL on Monday (05 June) in premarket.

Do like, share and comment on this article if you find this trading thought useful.

@TigerStars @Daily_Discussion appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.