Apple Inc. ( $Apple(AAPL)$ AAPL) is scheduled to report its fiscal second-quarter earnings on Thursday, May 1, 2025, after the market closes. Analysts anticipate earnings per share (EPS) of approximately $1.60 for the quarter ending March 2025, reflecting a modest increase from the $1.53 reported in the same quarter last year.
Technical Analysis of $Apple(AAPL)$
As of the latest close, AAPL is trading at $209.28. The stock remains below a key moving average resistance level, indicating that upward momentum may be limited in the near term.
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Resistance: The area between $210 and $217 serves as a resistance zone, corresponding to a previous price gap. This gap may act as a barrier to upward movement unless strong bullish momentum emerges.
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Support: Short-term support is identified around $189. A break below this level could signal increased selling pressure and potential for further downside.
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Implications: Maintaining above the $217 resistance level may suggest a potential reversal to the current short term downtrend. Conversely, a decisive move below the support of 189 could indicate a shift in market sentiment toward bearishness.
Daily Leverage Certificates (DLCs) for Short-Term Trading
Daily Leverage Certificates (DLCs) offer leveraged exposure to the daily performance of an underlying asset, such as AAPL.
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Bullish Scenario: If AAPL breaks above the $217 resistance zone with strong volume, long DLCs (e.g $APPLE 3xLongSG261006(MACW.SI)$ ) could provide amplified returns corresponding to the upward movement.
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Bearish Scenario: Should AAPL fall below the $189 support level, short DLCs (e.g. $APPLE 3xShortSG261006(PODW.SI)$ ) may offer leveraged exposure to the downside.
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Disclaimer:
This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only.
This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.
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