Apple: self-driving electro future

Apple: self-driving electro future

2021-04-01 • Updated

News and charts

As of April 1, these would be one of the top results if you google-searched “apple stock”.

1.png

At the same time, this is the view that Apple’s daily chart would offer on the April Fools’ Day.

APPLEDaily.png

Do these two images contradict or agree with each other? Let's discover what actually happened.

Analytics

Most observers consider Apple stock a neutral trade option. That means buy and sell options are seen as relatively equal. At least, that has been the case until the very last days of March when one of the UBS analysts raised Apple stock’s rating to ‘buy’ and moved the price target for it from the previous 115 up to 142.  

The reason for that is Apple’s initiative to – supposedly – produce self-driving electrocars in the future. Business-wise, this perspective opens huge market potentials for Apple and for its profits correspondingly – as long as this initiative manifests itself. So far, it’s merely a speculation but the more Apple reveals its plans – the more we’ll whether self-driving EVs is going to be one of its fields of activity. If there are indications that it’s going to proceed in this direction, investors will surely start factoring in future profits into the stock price and move it higher.

Expectations

Apple’s sales increased in 2020 despite the pandemic. In the last quarter of 2020 it posted an all-time high revenue result. That’s important to understand how good the company is doing  - fundamentally, there is nothing impeding it to continue further expansion. Therefore, the last all-time high of $145 per share should be a “formality” to get crossed – when investors turn to FAANG stocks again.

Keep in mind

On April 28, Apple announces its quarterly results for the Q1’2021. There’s going to be a lot of movement closer to the date!  

Last thing

You can trade Apple in FBS Trader! The difference with MT5? Easy on-the-go trade from your device. 

2.jpg

Don't know how to trade it? 

  1. First of all, be sure you’ve downloaded Metatrader 5 or FBS Trader app. FBS allows you to trade stocks only through this software.
  2. Open the MT5 account in your personal area (in account in FBS Trader)
  3. Start trading!

                                                                                        LOG IN

Apple: self-driving electro future

Similar

Latest news

Coca-Cola: time for new all-time highs?
Coca-Cola: time for new all-time highs?

Coca-Cola reports its quarterly earnings for the first quarter of 2021 on April 19, 12:30 MT time. What will be the possible impact on the stock price?

Stocks that benefit from chip shortage
Stocks that benefit from chip shortage

Stocks of tech and auto sectors are in the focus of traders these days due to the global chip shortage. Let’s find out what is going on with chips and why it’s important for traders.

Deposit with your local payment systems

Learn more

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera