Apple Stock Price Target: Is It Time To Buy AAPL

Apple Stock Price Target: Is It Time To Buy AAPL


Apple Stock Price Target

Let’s start looking at the product line first before we examine price targets for apple.

This year has already been eventful for Apple, as it’s launched a new iPad Pro with sensors for augmented reality and a new $400 iPhone called the iPhone SE. If the rumours and reports are to be believed, Apple has a lot more in its pipeline for 2020: most notably its first 5G-enabled iPhones, which are expected to come in the fall.

The launches would come as Apple is grappling with supply chain disruptions and weakened demand stemming from the coronavirus pandemic, which has prompted Apple to temporarily close most of its global retail stores and shift to remote work arrangements.
  • Apple is expected to launch a slew of new products this year, including the rumoured iPhone 12, a new Apple TV, an Apple Watch that can track your sleep, and other gadgets.
  • It’s looking like Apple could make a big push into augmented reality by outfitting its new iPhones with 3-D camera sensors, possibly setting the stage for an AR headset. Full Story

Apple Stock Price Target

Let’s quickly look at the chart of AAPL and then look at some of its products before looking into whether its the right time to get in or not.

AAPL Apple Inc. daily Stock Chart

As of April 2020, AAPL is a strong buy and all sharp pullbacks should be viewed through a bullish lens.  In less than 15 months we expect that AAPL will be trading north of 320. A monthly close above 300 should push to a test of the 360 to 390 ranges with a possible overshoot to 450.  Hence, astute investors should the current pandemic based hysteria to load up on shares of AAPl and other quality companies in the AI sector.

Random views on this Market April 2020

Given the current overreaction to the coronavirus, there is now a 70% probability that when the Dow bottoms and reverses course; it could tack on 2200 to 3600 points within ten days. Interim update March 9, 2020

The 1987 crash and 2008 crash fell into the category of the “mother of all buying opportunities“, but we could get a setup that could blow these setups and create the “father of all opportunities“. Such an event is so rare that it might occur only once during an individuals lifetime. In the short term, there is no denying the landscape looks like a massacre, but if one is going to focus solely on the short timelines, then the odds of banking huge profits are quite slim.

Insiders have been using this massive pullback to purchase shares, and one way to measure the intensity of their buying is to check the sell to buy ratio. Any reading  2.00 is considered normal, and below 0.90 is considered as exceptionally bullish. So what do you think the current ratio is; well, it’s at a mind-numbing 0.35, which means these guys are backing up the truck and purchasing shares.

So what are the readings today? Based on very heavy transaction volume, Vickers’ benchmark NYSE/ASE One-Week Sell/Buy Ratio is 0.33, and the Total one-week reading is 0.35. Insiders are not just buying shares, they are devouring shares. Insiders behaved in a similar fashion in late-December 2018, after stocks crashed on Christmas Eve; in early 2016, when stocks also corrected; and in late 2008/early 2009, at the depths of the Great Recession correction. Those were spectacular times to buy stocks. Insiders seem to be telling us that today offers a similar opportunity.

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