💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Apple: A potential Autumn windfall

EditorOliver Gray
Published 09/24/2023, 08:46 PM
© Reuters

Investing.com - The stock market's September turbulence appears to be unfolding as expected. Historical patterns, including election year cycles and ten-year cycles, suggest that the final quarter of the year could see a robust performance.

Notably, Apple Inc (NASDAQ:AAPL) has demonstrated a highly seasonal pattern during the fall season. A monthly expected return histogram reveals that September tends to be the weakest month for Apple's stock, typically followed by a strong performance in October. Historical data shows that Apple's stock price ended September lower 67% of the time. However, the stock experienced a rise of over 70% of the time in October. If the stock price has dipped in September, the odds of a robust October performance increase to 75%.

A more detailed analysis reveals that from October 3rd through December 7th, Apple's share price has seen an increase nearly 70% of the time, with an average gain exceeding 13%.

The monthly dynamic cycle for Apple's shares tends to bottom out in October. In the past year, two buy signals have been generated, both of which have resulted in successful investments.

However, it's worth noting that the current market turbulence may not have fully played out. Therefore, it might be prudent to postpone any potential investments until the first week of October.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.