Next, Apple is set to report earnings on Wednesday after the market closes. The stock has been in a strong uptrend and is currently in a consolidation phase. The short-term cycle is negative, but the long-term trend remains bullish. The weekly momentum has turned up and price has held support at the 50-day moving average. The monthly cycle is positive and the stock is currently in a bull phase. Anticipate a share price closer to $140 over the next few months.
Apple Daily, Weekly, Monthly
Apple Monthly Cycle
Finally, NVIDIA is reporting on Wednesday after the close as well. The stock has been in a strong uptrend and the short-term cycles are pointing higher. The weekly momentum has turned up and the long-term relative uptrend remains intact. The monthly cycle shows a rising trend. From May through October, the shares have been positive 66% of the time over 24 years. The share price could reach $630 over the next few months.
NVIDIA Daily, Weekly, Monthly
NVIDIA Monthly Cycle
In conclusion, the upcoming week following options expiration in May is expected to be strong for the stock market. Companies such as Palo Alto, Nordson, Apple, and NVIDIA are all set to report earnings with positive indicators pointing towards potential share price growth in the coming months. Investors should keep an eye on these stocks and consider the positive trends and cycles when making investment decisions. As analysts anticipate a rally in the market, it could be a profitable time for those who choose to capitalize on these opportunities.
