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Apple Shares (AAPL) Close to Reaching Record High On 10 September, we noted that following the launch of new products — including the iPhone 17 — AAPL shares had fallen by approximately 1.5%, as analysts considered the model lacked the breakthrough appeal necessary to drive further growth. However, two weeks on, media reports point to strong demand for the new product range, highlighting that: → orders for the new devices exceed those for last year’s iPhone 16 series; → Apple has asked suppliers to increase production; → the base model, featuring the long‑awaited 120Hz display and the powerful A19 chip, is in especially high demand. Positive reports of long queues at Apple Stores worldwide, along with extended delivery times — which Bank of America estimates at an average of 18 days compared to 10 days for last year’s model — have only bolstered bullish sentiment. AAPL shares are rising this week, even as broader market indices are falling. Technical Analysis of Apple (AAPL) Shares AAPL stock price movements in 2025 form a broad ascending channel (shown in blue). In this context: → Until early August, the price remained in a consolidation phase (shown by black lines) below the channel’s median; → Since then, the balance has shifted in favour of buyers — the price has demonstrated bullish momentum, forming a steep growth channel (shown in orange), with the median providing support (indicated by an arrow). The strength of demand is confirmed by AAPL’s price action rising from $240 to $250: → bullish candlesticks were wide; → closing prices were close to the highs; → a bullish gap is visible on the chart. This points to a buyers’ imbalance, giving grounds to regard this area as support in terms of a Fair Value Gap pattern. From a bearish perspective: → the RSI indicator is in overbought territory; → shareholders may wish to take some profits. Nevertheless, it cannot be ruled out that AAPL’s price growth will continue, driven by expectations that strong demand for the iPhone 17, as well as the updated Apple Watch Series 11 and AirPods Pro 3 with new AI features, will deliver record quarterly revenue for the company, covering the upcoming holiday season. In this scenario, bulls may target the upper boundary of the blue channel. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Gold Bulls Dominate Market Gold price started a fresh surge above $3,750 and traded to a new all-time high. Important Takeaways for Gold Price Analysis Today - Gold price rallied to a new all-time high and traded close to $3,800 against the US Dollar. - A short-term bullish flag pattern is forming with resistance at $3,770 on the hourly chart of gold. Gold Price Technical Analysis On the hourly chart of Gold, the price formed support near $3,625. The price remained in a bullish zone and started a fresh increase above $3,660, as mentioned in the previous analysis. The bulls pushed the price above $3,750 level and the 50-hour simple moving average. Finally, it traded to a new all-time high at $3,791. The price is now consolidating gains below $3,770 and the RSI is above 50. Initial support on the downside is near the 23.6% Fib retracement level of the upward move from the $3,627 swing low to the $3,791 high at $3,750 and the 50-hour simple moving average. A downside break below $3,750 could start a larger downside correction. In the stated case, Gold could drop toward the 50% Fib retracement at $3,710. The next area of interest for the bulls might be $3,690. A daily close below $3,690 could spark bearish moves and send the price to $3,625. If there is a fresh increase, the price could face resistance at $3,770 and a short-term bullish flag pattern. The next sell zone might be $3,790. An upside break above the $3,790 resistance could send Gold price toward $3,820. Any more gains may perhaps set the pace for an increase to $3,850. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Amazon (AMZN) shares fall around 3% in a single day As the chart shows, Amazon (AMZN) shares fell by roughly 3% yesterday after reports that the US Federal Trade Commission has launched a probe into the company over alleged “dark patterns”. According to the allegations, Amazon may have deliberately complicated the process of cancelling Prime subscriptions in order to retain customers. Should the charges be proven, this could result in significant fines and have a major impact on one of Amazon’s key revenue streams. Amazon’s share price dipped below $220 yesterday for the first time since 12 August. Could the decline continue? Technical analysis of Amazon (AMZN) chart In our 5 September analysis, we: → used AMZN stock price swings to plot an ascending channel (shown in blue); → suggested the price could extend its bullish structure after breaking through resistance R (shown in red). Indeed, in the following days there was some bullish momentum: peak B was higher than peak A. However, this appears more a sign of weakness when judged by the nature of the reversal: → on 10 September, the price edged only slightly above the summer peak, → before tumbling sharply, with bearish candles widening. This move, showing clear signs of a Double Top pattern (A–B), may suggest that buyers at September’s high were trapped, with stop-loss closures adding to the downward pressure. The previously plotted ascending channel remains valid, but Amazon stock price has dropped (shown by the red arrow) into its lower half. In this context, the channel’s midline and the $227.70 level could now act as resistance. Bulls, however, still have grounds to expect support from: → the bullish reversal zone formed in early August, when a narrowing triangle appeared on the chart with its axis around $215; → the QL line, which divides the lower half of the channel into quarters. Although the negative sentiment from FTC-related news may eventually fade, what remains concerning is AMZN’s relatively weaker performance in 2025 compared with the broader market: while the S&P 500 set a fresh all-time high this week, Amazon shares have barely moved since the start of the year. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Nvidia and OpenAI Announce Partnership, NVDA Shares Surge Yesterday it was revealed that leading chipmaker Nvidia and leading artificial intelligence research laboratory OpenAI have announced a strategic partnership, under which Nvidia will invest $100 billion in OpenAI. A network of data centres will also be created to train and operate the most advanced artificial intelligence models: → the network will be based on Nvidia’s next-generation platform, Vera Rubin; → the network’s total capacity is unprecedented, reaching 10 gigawatts; → the first phase of the project is expected to launch in the second half of 2026. Nvidia (NVDA) shares reacted sharply to the news. During Monday’s trading, 22 September, the company’s stock price jumped by roughly 4%, climbing at yesterday’s high above $184.30 (marking a new all-time record, as shown on the chart). The chipmaker’s market capitalisation closed in on $4.5 trillion, cementing its status as the most valuable company in the world. Technical Analysis of Nvidia (NVDA) Chart Previously, in our 1 September analysis of NVDA, we: → plotted an ascending channel describing NVDA’s price movements following the bullish impulse at the end of June; → noted unsuccessful attempts by the bulls to break resistance at $183, which provided grounds to view the chart in the context of a Triple Top pattern (1-2-3); → assumed that the bears were exerting pressure on an overvalued stock and considered a correction scenario. Since then, the Nvidia stock price corrected to $165, from where it resumed its upward trend (shown with a broken arrow). The new data provide grounds to: → expand the channel (shown in blue) without changing its slope, adding the QH and QL lines to divide the wider channel into quarters; → plot the trajectory of the correction (in red). Within this context, it is reasonable to assume that: → the stock price of NVDA found support at the QL line and moved up towards the midline; → the red lines form a Bullish Flag pattern; → yesterday’s rise broke out of this corrective pattern, with the bulls attempting to resume the upward trend, though the $183 level still provides resistance. It is not excluded that the strong fundamental background, the development of AI technologies, and the supportive driver of the Fed’s rate cut may ultimately enable the bulls to overcome the $183 level, paving the way for NVDA’s share price to approach the psychological $200 mark. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Meta Platforms (META) Shares Hold Steady After Mishap An awkward moment occurred at the Meta Connect 2025 product presentation, where Mark Zuckerberg showcased innovations but ran into technical glitches: → The AI assistant built into the Ray-Ban Display smart glasses froze; → The neural bracelet, designed to control the interface with gestures, failed to answer a video call. News of the mishap quickly spread across social media, with the blame for the issues pinned on Wi-Fi. Despite the reputational blow, META shares showed resilience. This suggests that investors are focusing on deeper, fundamental factors, including the potential of augmented reality and the social media giant’s drive for greater efficiency. Technical Analysis of META Chart Analysing META’s chart a month ago, we: → Drew an ascending channel and a resistance area from the bearish gap (shown in purple); → Noted that the price was around its median; → Listed bearish signals and suggested a correction, pointing out that in such a case bulls might step in at support around $747 or the channel’s lower boundary. Indeed, since then (as shown by the dashed arrow): → The price fell to the channel’s lower boundary and then rebounded (confirming bullish activity); → A bearish breakout attempt failed, and the price returned to the channel, forming a bullish gap (shown in yellow), which acted as support on 12 September. How Might the Price Move Next? From a bullish perspective: → The ascending channel remains valid, while the price is holding within a steeper growth channel (highlighted in turquoise). → The $764 level has switched its role from resistance to support. → As shown by the red lines, META’s price action over the past two months can be viewed as a large bullish flag (a corrective pattern within an uptrend) with the potential for trend continuation. From a bearish perspective: → Pressure may come from the psychological $800 per share level. → The bearish gap area acts as resistance, as indicated by the black arrow. → It is possible that if the price falls below the channel’s lower boundary, the median could act as resistance. Taking all of this into account, we could assume that bullish sentiment (supported by the Fed’s rate cut) may persist, although the $790–800 area appears to be a key obstacle for META shares. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Gold Price Falls After Fed Decision Yesterday, as expected, the Fed lowered its rate from 4.25%–4.50% to 4%–4.25%. Although rate cuts are generally seen as supportive for gold, the XAU/USD chart shows bearish price dynamics: after a short-term spike above $3700 (a new all-time high), gold retreated sharply, forming a long bearish candlestick (marked with a red arrow). This may be explained by the fact that expectations of a rate cut had already been priced in, while at the press conference the Fed Chair struck a less “dovish” tone than the market had hoped for. While Jerome Powell did voice concerns about the labour market, he gave no clear signal of readiness for aggressive or rapid further cuts. Technical Analysis of the XAU/USD Chart At the start of the week, we: → drew a steep ascending channel (shown with orange lines); → suggested a potential move lower towards the orange dashed line (an additional support line plotted beneath the channel). Indeed, the dashed line acted as support today. What are the possible scenarios? Bearish view: → the long upper shadow of the candlestick marked with the arrow clearly points to strong selling pressure; → the price only briefly broke above the psychological $3700 level – a bull trap (or Liquidity Grab in Smart Money Concept terms); → $3675 has flipped from support to resistance. Bullish view: → the dashed trendline has confirmed its role as support – it may help the price move towards the midline of the orange channel; → the $3600–$3625 area looks like solid backing. Following the rally in early September, gold repeatedly found support there without falling below it. Considering that in early September the price was around $3450, the market still looks bullish overall. However, as we recently outlined three reasons why gold’s advance could stall, it now seems that the black line, drawn through lower lows, may serve as another bearish signal – this time on the lower timeframe. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Tesla (TSLA) Stock Price Rises Above $400 As the chart shows, Tesla (TSLA) stocks are displaying strong market momentum. In particular, the price: → is above the psychological level of $400; → has reached its highest levels since late January; → has gained around 25% since the beginning of September. Why Is TSLA Rising? The main news driving the price surge was a media report that Elon Musk had purchased $1 billion worth of Tesla stock. The market interpreted this as commitment and confidence in the company’s future from its founder, which sharply increased demand for the shares. Other factors contributing to TSLA’s rise include: → Expectations of a Federal Reserve interest rate cut to stimulate the economy. This makes growth stocks such as Tesla more attractive to investors. → Reduced tensions between Elon Musk and President Trump’s administration. This removes some of the political risks that had weighed on the stock. Technical Analysis of TSLA Stock In our August analysis of the TSLA chart, we: → noted that the price had broken through the upper boundary of a broad contracting triangle with its axis around $317; → suggested that a correction might follow after the rally in early August. Since then: → the price made a minor pullback before reversing upwards (as shown by the arrow); → the bullish trend resumed, providing anchor points to construct a rising (blue) channel. Thus, the chart confirms: → a shift in sentiment in favour of buyers; → an improving fundamental backdrop (as highlighted in the news) and growth prospects linked to robotaxis and other innovations. From a bullish perspective, the breakout of $355 followed by accelerated growth points to strong demand. From a bearish perspective: → the RSI indicator has spiked into overbought territory; → the price is near the upper boundary of the rising channel; → the seven-month high could prompt profit-taking by investors – already reflected in yesterday’s pullback. Taking this into account, we could assume that while the long-term outlook remains optimistic, a correction is possible, for example: → towards the 50% retracement level of the A→B impulse; → into the price expansion zone (a bullish imbalance signal, as described by the Fair Value Gap pattern in the Smart Money Concept methodology). This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

What Does Beta Mean in Stocks, and How May It Be Used in Risk Management? Beta is a key measure of how a stock moves relative to the market, helping traders assess risk exposure and price volatility. Understanding this indicator can help traders analyse potential price swings and portfolio stability. This article explores how beta works, its implications, and how it may be used in risk analysis. What Is Beta in Stocks and How Does It Affect Risk? Beta is a statistical measure that quantifies how a stock’s price fluctuates relative to the broader market. It helps traders analyse systematic risk—the kind that affects most stocks at the same time, such as economic downturns or interest rate changes. The number itself comes from regression analysis, which compares a stock’s potential returns to a benchmark index like the FTSE 100 or S&P 500. A beta of 1.0 indicates that a share generally tracks the movements of its benchmark index. If the index gains 5%, a stock with a value of 1.0 is likely to rise by about the same amount. A beta above 1 signals greater volatility—company shares with a beta of 1.8 may rise 9% when the market gains 5%, but they also tend to fall more sharply during downturns. A value below 1 suggests lower volatility, with the asset moving less than the broader index. Interpreting Beta Values Now, we will examine beta values in detail. High Beta Stocks (>1.0) These stocks react strongly to market changes. High beta is common in technology, consumer discretionary, and financials, where investor sentiment drives price movements. While they offer the potential for higher returns, they also come with increased price swings. Low Beta Stocks (<1.0 but >0) Lower beta stocks experience smaller movements compared to an index. A value of 0.6, for example, suggests it might rise 3% if the market gains 5%. Sectors like utilities, healthcare, and consumer staples often have these types of stocks, as demand for their products tends to remain stable, except in situations such as the COVID-19 pandemic. Negative Beta Stocks (<0) Some assets, such as gold mining company shares, have negative beta values, meaning they move in the opposite direction of the broader market. These assets can act as a hedge when markets decline, though a negative value is relatively rare. While the beta of a stock provides insights into its volatility, it doesn’t account for company-specific risks or broader economic shifts. Investors often combine this form of analysis with fundamental and technical factors to build a more complete view of exposure. How Traders Use Beta in Measuring Risk Rather than examining price movements in isolation, traders use beta to evaluate how a stock reacts to broader trends. This helps them decide whether it aligns with their risk tolerance and market outlook. Analysing Systematic Risk Since beta measures sensitivity to the market, it’s useful for assessing systematic risk—the kind of risk that can’t be eliminated through diversification. A stock with a high beta will likely experience sharp swings during broader turbulence, making it appealing for those looking to capitalise on potential momentum but at the cost of greater volatility. In contrast, low-beta shares may hold up better in downturns but won’t rally as aggressively in bull markets. Beta in Portfolio Construction Investors often consider this metric when balancing a portfolio’s overall risk level. A portfolio heavily weighted in high-beta company shares can be more volatile, while one with low-beta stocks may offer less volatile potential returns. Some investors focus on diversified beta investing, combining high- and low-beta assets to adjust their exposure depending on overall conditions. The Capital Asset Pricing Model (CAPM) Beta is also a key component of the Capital Asset Pricing Model (CAPM), which estimates a stock’s expected return based on its risk level. CAPM considers the relationship between beta and market returns, helping to compare potential opportunities. If the asset is more volatile than an index but offers lower-than-expected rewards, it may not justify the added volatility. The Limitations of Beta Beta is a useful tool for assessing how a stock moves relative to an index, but it has shortcomings. Since it’s based on historical price data, it doesn’t always reflect how the asset will behave in the future. It’s important to be aware of its limitations when using it for risk assessment. 1. It Changes Over Time Beta in a stock is not a fixed number. Company risk profiles can shift due to short-term developments, industry changes, or economic cycles, and impact a stock’s beta, meaning a stock with a value of 1.5 today might move closer to 1.0 over time as conditions evolve. 2. It Doesn’t Account for Company-Specific Risk Beta measures systematic risk, meaning it doesn’t factor in aspects specific to a company, such as management changes, earnings surprises, or regulatory issues. Two stocks can have the same beta but react very differently to news. 3. High Beta Doesn’t Always Mean Greater Potential Returns A stock with a beta of 2.0 might move twice as much as the market, but that doesn’t mean it will generate higher potential returns. If the asset consistently underperforms, its added volatility becomes a liability rather than an advantage. 4. Different Market Conditions Affect Reliability Beta tends to be more stable in normal market conditions but can break down during extreme events, such as financial crises or sudden liquidity shocks. In times of panic, correlations between assets often increase, making the metric less useful for risk analysis. Practical Examples of Beta in Action Looking at beta in real-world scenarios helps illustrate how different stocks react. Two well-known examples are NVIDIA (NVDA) and Johnson & Johnson (JNJ), which have very different values. NVIDIA (NVDA) – 1.76 According to Yahoo Finance, NVIDIA has a 5-year monthly beta of 1.76. This means its price is about 76% more volatile than the S&P 500. If the index gains 10%, NVIDIA’s stock could rise around 17.6%. However, in a downturn, it could fall by a similar magnitude. The tech sector is highly sensitive to market sentiment, innovation cycles, and economic conditions, making high-beta assets like NVIDIA riskier but also capable of higher potential returns. Johnson & Johnson (JNJ) – 0.46 Johnson & Johnson has a 5-year monthly beta of 0.46 (source: Yahoo Finance), meaning it moves about 54% less than the market. If the index rises or falls 10%, JNJ stock might move by 4.6%. The lower value reflects the so-called stability of the healthcare industry, where consistent demand for products like medical devices and pharmaceuticals tends to lead to more resilient stock performance. Key Takeaways Those willing to take on more risk for higher potential returns often favour high-beta stocks like NVIDIA, while those seeking less volatility may prefer low-beta companies such as Johnson & Johnson. However, the measure ignores company-specific risks or specific short-term outperformance factors (e.g. positive earnings or product releases), and it is typically calculated over a long timeframe—5 years in this instance. The Bottom Line Understanding the beta definition and how it applies may help traders and investors assess a stock’s volatility. Whether they are focused on high-beta growth stocks or lower-volatility options, this metric may help traders refine their strategy. However, while it may provide useful insights, it should be used alongside other analysis methods for a well-rounded approach. FAQ What Does Beta Mean in Stocks? The beta in stocks meaning refers to a measure of how much a stock moves relative to the broader market. A beta of 1.0 means it generally follows market movements, while a beta above or below 1 indicates higher or lower volatility, respectively. What Are High Beta Stocks? High-beta stocks have a beta greater than 1, meaning they tend to move more than the overall market. These assets often belong to technology, consumer discretionary, and financials, where price swings are more pronounced. What Does a Portfolio Beta Measure? Portfolio beta calculates the overall volatility of a portfolio relative to an index. It’s determined by weighting each stock’s beta based on its proportion in the portfolio. A portfolio with a value above 1 is more volatile than the market, while one below 1 is less volatile. What Does a Stock With a Beta of 1.5 Indicate? A stock with a beta of 1.5 is 50% more volatile than the market. If the index rises 5%, shares might increase by 7.5%, but it could also fall more sharply in downturns. What Is β? The symbol β is a Greek letter signifying beta. The beta meaning in finance refers to a stock’s expected performance relative to an index. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Gold Price Stabilises Ahead of Central Bank Decisions Following the ECB’s decision last week to leave interest rates unchanged, traders will closely monitor this week’s monetary policy announcements from the US Federal Reserve, the Bank of England, the Bank of Japan, and other central banks from Toronto to Taipei. As the XAU/USD chart shows today, the gold price has stabilised after its recent record highs, with investors adopting a wait-and-see stance. The ADX indicator is trending lower, suggesting a diminishing directional momentum. Key Drivers Influencing Gold Prices Market participants are almost fully convinced that the Federal Reserve will cut rates by a quarter point this week, while also pricing in the likelihood of further reductions next year amid signs of labour market weakness. Lower rates are generally seen as supportive for gold, making it a more attractive asset relative to yield-bearing US Treasuries. Additional factors underpinning bullish sentiment include: → Weakness in the US dollar. → Persistent geopolitical tensions. → Pressure on the Fed from Donald Trump, who recently attempted to dismiss Board Governor Lisa Cook. → Central bank gold purchases. On the other hand, profit-taking could dampen demand. Nevertheless, gold prices remain elevated. Technical Analysis of XAU/USD Recently, we outlined three reasons why gold’s rally might pause. Since then, the price has consolidated within the $3,610–3,660 range. This has confirmed the assumption that the median line of the long-term ascending channel is acting as resistance. The steep upward channel (marked with orange lines) has been broken. What Could Happen Next → From a bullish perspective, the resistance levels at $3,510 and $3,575 have been broken to the upside and successfully retested – a sign of strong demand. → From a bearish perspective, the candlestick’s long upper shadow, where gold set its record high, reflects aggressive selling pressure. An attempt to break below the $3,575 support level and the orange dotted line (an additional support trendline plotted beneath the orange channel) could happen. However, whether this scenario materialises will largely depend on upcoming central bank announcements. Traders should brace for heightened volatility. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.

Apple Shares (AAPL) Fall After iPhone 17 Launch Yesterday, Apple unveiled its new products, including the iPhone 17. The new model features a sleeker form factor, an improved display and battery, and a new processor. However, analysts believe the model lacks the breakthrough impact needed to drive the stock higher. The charts confirm this: while the main stock indices rose yesterday, AAPL shares fell by around 1.5%. Technical Analysis of Apple Shares (AAPL) When analysing the chart six days ago, we: → confirmed the upward channel (shown in blue); → highlighted the $235 support level; → suggested that while AAPL stock could maintain upward momentum, disappointment over the new product launch might trigger a correction. In addition to the AAPL price action we noted earlier, several bearish signals on the hourly chart support the correction scenario: → a long upper shadow (marked with an arrow); → aggressive price action when breaking the $235 support; → bearish divergences on the RSI indicator. Bulls might find support at line S, which is part of a fan drawn from the starting point of the bullish impulse on 6 August. However, if bearish sentiment persists, price action could unfold within the structure shown in red (potentially a bull flag pattern inside the prevailing bullish trend). Bearish pressure could aim to push AAPL shares down towards the median of the red channel. In that case, bulls may find support in the area where several lines converge: → the lower rays of the fan (shown in orange); → the psychological $230 level (which has repeatedly switched roles between resistance and support since August); → the median of the blue channel; → the lower boundary of the bullish gap from 2 September. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.