Apple's Three-Act Play: Dissecting The Dynamics Of The Tech Powerhouse's Rise, Fall, And Forthcoming Third Triumph To $3 Trillion Market Value

• Apple reached a $3 trillion market valuation again on June 30th, closing at $193.97 per share, surpassing the required stock price of $190.73.
• Apple is up 45% this year and is set to continue its bullish momentum.

Apple Inc AAPL remarkable ascent from a small garage-based operation to a colossal $3 trillion-dollar entity is an ongoing source of fascination for investors.

On June 30th, the company reached this milestone. Closing at $193.97, Apple solidified its status as one of the most valuable corporations worldwide.

The stock price needed to pass $190.73 to hit the $3 trillion valuation, which it did with ease.

This accomplishment indicates a prosperous financial year ahead for the tech behemoth.

Apple's market cap has recently dipped below the highly sought-after $3 trillion mark.

This raises an important question. Can Apple regain its momentum and surpass the $3 trillion milestone once again, while maintaining its position?

Interestingly, this is not the first time they have accomplished this milestone, as it marks their second occasion.

Apple's remarkable performance this year suggests a strong likelihood of not only reaching $3 trillion again but also holding onto it.

The company has experienced a significant surge in stock price, with a growth of over 45% throughout the year. If this upward trajectory continues, Apple will undoubtedly enter uncharted territories of market valu, creating record highs in the process.

After surpassing the previous all-time high of $182.94 set in January 2022, the price has consistently stayed above this level for four weeks.

This indicates a strong possibility of the trend continuing, instilling confidence in investors, indicating that Apple's stock value has established a new normal above its previous peak.

The stock price's behavior in relation to the daily 20 simple moving average (20 SMA) is equally important.

Currently, the stock price is undergoing a pullback towards the 20 SMA at $186.93, which it has consistently remained above.

It is ideal for investors to witness the 20 SMA acting as support, as it can help drive the stock price further upwards.

Apple's path to reaching its next major milestone is hindered by a formidable obstacle, the $200 round number. This figure holds immense psychological significance.

However, if the price manages to surpass this resistance, it has the potential to generate the necessary momentum for the stock to maintain a market cap of over $3 trillion.

Apple's path to a $3 trillion market cap has been challenging, but its ability to adapt and persevere has solidified their position as a leader in the tech industry.

With strong momentum, consistent performance, and potential support from the 20 SMA, Apple is poised to not only reach the $3 trillion mark again, but also maintain it.

After the closing bell on Friday, July 7, the stock closed at $190.68, trading down by 0.59%.