Apple Stock Shows Positive Long-Term Growth with Short-Term Challenges

As of September 11, 2024, Apple’s stock price reached €201.80, surpassing its 38-day moving average. This signals continued strength in the stock, which has been in a long-term upward trend since May 3, 2024, during which it has gained 20.43% in value. Currently, the stock stands 12.13% above its 200-day moving average.

Apple is included in the boerse.de Aktienbrief Plus portfolio, which has averaged annual returns of 20.9% since 1999. The latest portfolio recommendations for Monday will be released on Saturday, and interested investors can explore the service by signing up for online access.

While Apple remains in medium- and long-term upward trends, it faces short-term downward pressure. However, a slight increase of just 0.51% would push the stock above the 20-day moving average of €202.84, confirming an upward trend across all timeframes.

As long as the stock doesn’t break below another key trendline, the next target is the 10-year high of €215.10 set on July 16, 2024, representing an additional upside potential of 6.59%.

Among its peers, the DRAX GROUP stock currently outperforms, with a 24.73% distance from its 200-day moving average. In comparison, Apple has delivered annual returns of 23% over the past decade, and with a loss ratio of 2.3, it’s considered a moderately risky investment.

Apple’s exceptional performance has earned it a place among the top 100 most successful and secure stocks globally, according to the Performance Analysis. The boerse.de Aktienbrief has included Apple in its core portfolio 49 times, resulting in an average reader gain of 1056.86%. Furthermore, Apple is featured in the BCDI USA, the boerse.de Aktienfonds, and the boerse.de Weltfonds.

The boerse.de Aktienbrief also presents 99 other successful stocks, which are available for free download.

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The boerse.de Aktienbrief serves as a guide to Champion Stocks, and for those seeking additional returns in highly trending stocks or derivatives, the boerse.de Trendinvestor for technology stocks is available.

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