Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

iTunes for PC and Mac is putting the emphasis back on being an app for music. It’s no longer a place for you to get iOS apps, but it’s still got movies, TV shows, audiobooks, and podcasts. Today, Apple quietly released iTunes version 12.7 for both Windows and macOS, and the most immediate change is that it no longer contains any options for syncing apps or ringtones to your iPhone, iPad, or iPod touch.

“If you previously used iTunes to sync apps or ringtones on your iOS device, use the new App Store or Sounds Settings on iOS to redownload them without your Mac,” Apple tells users in the update prompt. Apple says that even after this update, apps and ringtones that “are no longer available for redownload” can still be synced by plugging in your iOS device, so I’m guessing this remains a way of transferring over custom ringtones.

In recent years, Apple has constantly taken criticism over the bloated, jack-of-all-trades/master-of-none piece of software that iTunes has become. This appears to be at least one significant step in streamlining iTunes and bringing it back around to the app’s original purpose.

Apple has also simplified things elsewhere, noting that iTunes U content is now included in the Podcasts section of the app, and internet radio stations are in the music library sidebar. All of the changes are detailed on this help page.

Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.

Overall, the bias in prices is: Upwards.

Short term: Prices are stalling.

Intermediate term: Prices are trending.

By the way, prices are vulnerable to a correction towards 154.33.

The projected upper bound is: 166.80.

The projected lower bound is: 155.59.

The projected closing price is: 161.20.

APPLE INC closed down -0.640 at 160.860. Volume was 99% below average (consolidating) and Bollinger Bands were 37% narrower than normal.

Open           High           Low             Close           Volume
162.610      163.960      158.770      160.860      332,516

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period            50-period       200-period
Close:                       162.06                155.08              140.41
Volatility:                18                        23                      20
Volume:                   23,380,400      24,666,264      26,786,708

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

APPLE INC is currently 14.6% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 40 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 30.7517. This is not an overbought or oversold reading. The last signal was a buy 1 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 54.30. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 22 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -16. This is not a topping or bottoming area. The last signal was a sell 5 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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