Apple Inc. (NASDAQ:AAPL) Trading Outlook Sell the Rally

Apple Inc. (NASDAQ:AAPL) Trading Outlook Sell the Rally

Apple Inc. (NASDAQ:AAPL) Trading Outlook

-Earnings (Q3): $7.80 Bln. vs. $10.68 Bln. last year.
-Earnings Decline (Y-o-Y): -27.0%
-EPS (Q3): $1.42 vs. $1.85 last year.
-EPS Decline (Y-o-Y): -23.2%
-Analysts Estimate: $1.38
-Revenue (Q3): $42.36 Bln vs. $49.61 Bln last year.
-Revenue Change (Y-o-Y): -14.6%

APPLE INC closed down -0.670 at 96.670. Volume was 95% below average (consolidating) and Bollinger Bands were 37% narrower than normal.

Open High Low Close Volume___
96.820 97.970 96.420 96.670 1,809,909

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

Moving Averages: 10-period 50-period 200-period
Close: 98.62 97.02 103.77
Volatility: 18 21 31
Volume: 28,470,640 34,230,388 41,548,812

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.


APPLE INC is currently 6.8% below 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 moderate flows of volume into AAPL.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 5 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence.


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 8.9868. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a sell 3 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 45.93. 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 buy 49 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 -65. This is not a topping or bottoming area. The last signal was a sell 3 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 0 period(s) ago.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 31 white candles and 19 black candles for a net of 12 white candles.

A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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