Apple: Tasty Technical Analysis And Fair Intrinsic Value


  • Apple has faced revenue headwinds in its product segment, due to macroeconomic issues. However, its high margin Services business has continued to grow at solid levels.
  • Its Technical Charts indicate the stock has broken through a resistance line and its moving averages indicate a “buy”.
  • My discounted cash flow model indicates Apple is slightly undervalued or “fairly valued” intrinsically.
Apple Store

Nikada/iStock Unreleased via Getty Images

Technology powerhouse Apple (NASDAQ:AAPL) recently reported mixed financial results for the first quarter of fiscal year 2023. The company missed both revenue and earnings expectations. A positive for Apple is was mainly driven by macroeconomic issues (foreign exchange rate headwinds) and the company

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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