Apple Inc. (NASDAQ:AAPL) iPhone 8 Case Reveal

Apple Inc. (NASDAQ:AAPL) iPhone 8 Case Reveal

Apple Inc. (NASDAQ:AAPL) iPhone 8 Case Reveal

iPhone 8 leaks have been unparalleled and a growing number suggest Apple AAPL +0.86% is planning to deliver its biggest ever iPhone redesign to celebrate the range’s 10th anniversary. Now with exclusive new information I can confirm that will happen…

Working with case designer Nodus, I have been able to obtain CAD files for the iPhone 8 through its supply chain. We have rendered these to visualise the final design and I can confirm that, despite problems, fears Apple would fall back on a less ambitious ‘Plan B’ are unfounded.

iPhone 8 leaks have been unparalleled and a growing number suggest Apple AAPL +0.86% is planning to deliver its biggest ever iPhone redesign to celebrate the range’s 10th anniversary. Now with exclusive new information I can confirm that will happen…

Working with case designer Nodus, I have been able to obtain CAD files for the iPhone 8 through its supply chain. We have rendered these to visualise the final design and I can confirm that, despite problems, fears Apple would fall back on a less ambitious ‘Plan B’ are unfounded.

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 moving.

Intermediate term: Prices are ranging.

The projected upper bound is: 154.69.

The projected lower bound is: 143.47.

The projected closing price is: 149.08.

APPLE INC closed up 1.270 at 149.040. Volume was 23% below average (neutral) and Bollinger Bands were 35% narrower than normal.

Open          High            Low              Close            Volume
147.970      149.330      147.330       149.040       20,132,060

Technical Outlook
Short Term: Overbought
Intermediate Term: Bearish
Long Term: Bullish

Moving Averages: 10-period         50-period         200-period
Close:                       145.17               149.36               131.37
Volatility:                12                      24                       20
Volume:                  21,329,036      28,076,302      28,606,552

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 13.5% above its 200-period moving average and is in an downward 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 bearish on AAPL.O and have had this outlook for the last 23 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 90.5353. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 18 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 58.08. 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 40 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 204.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 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 buy 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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