Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones

Apple Inc. (NASDAQ:AAPL) Likely to Launch 5G-Supported iPhones

Apple AAPL is most likely to bring 5G to iPhones in 2020, per a latest report by analyst Ming-Cho Kuo, cited by TechCrunch and MacRumors. The latest report from this acclaimed analyst further supports rumors of Apple’s iPhone line-up missing out on 5G this year.

The analyst believes that two models — 5.4 inch (smaller than the current 5.8-inch iPhone XS) and 6.7-inch (larger than the current 6.5-inch iPhone XS Max) — will get 5G support beginning 2020. The mid-range 6.1-inch will continue to operate on LTE. However, all three models will have an OLED display.

Moreover, beginning 2021, all iPhone models will support 5G. Qualcomm QCOM and Broadcom AVGO are expected to supply 5G modems and RF power amplifiers, respectively.

Apple is expected to have its own modem by 2022 or 2023 that will reduce its dependence on Qualcomm.

Will 5G Delay Hurt Apple?

Apple will undoubtedly be late in bringing 5G to its flagship iPhone compared with other prominent smartphone manufacturers like Samsung, LG, Huawei and Motorola.

However, limited coverage by wireless carriers is expected to dampen user adoption rate in 2019. This doesn’t bode well for these smartphone makers.

In the United States, nationwide availability of 5G from all major carriers is not expected to happen before 2020. The global picture is also not much different with 5G rollouts in countries like Canada, Mexico, Brazil, Japan, China, India and others.

Currently, Verizon VZ, AT&T T and Sprint S are three carriers that have made their mobile 5G services available in the United States.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 208.65.

The projected lower bound is: 188.31.

The projected closing price is: 198.48.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles.

A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 5 rising windows in the last 50 candles–this makes the current rising window even more bullish.

Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.

Momentum Indicators

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 61.7327. This is not an overbought or oversold reading. The last signal was a sell 2 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 63.28. 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 10 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 96. This is not a topping or bottoming area. The last signal was a sell 2 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 9 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 4.560 at 198.450. Volume was 5% below average (neutral) and Bollinger Bands were 29% wider than normal.

Open High Low Close Volume___
196.050 200.290 195.210 198.450 26,551,004

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

Moving Averages: 10-period 50-period 200-period
Close: 191.87 194.34 189.64
Volatility: 20 34 40
Volume: 23,604,728 28,828,906 34,628,500

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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
APPLE INC is currently 4.6% 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 3 periods.

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