Apple Inc. (NASDAQ:AAPL) HEFFX Target confidently stands at $200

Apple Inc. (NASDAQ:AAPL) HEFFX Target confidently stands at $200

Apple Inc. (NASDAQ:AAPL) HEFFX Target confidently stands at $200 

  • HEFFX Target confidently stands at $200.
  • It takes advantage of the two cameras to calculate different depth levels
  • iPhone 7 plus automatically makes the background blurry, making it look professional
  • Portrait mode is a software feature for the iPhone 7 Plus.

Overall, the bias in prices is: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

Note: this chart shows extraordinary price action to the upside.

By the way, prices are vulnerable to a correction towards 144.39.

The projected upper bound is: 159.48.

The projected lower bound is: 152.55.

The projected closing price is: 156.02.

APPLE INC closed down -0.400 at 155.700. Volume was 2% below average (neutral) and Bollinger Bands were 102% wider than normal.

Open           High            Low            Close           Volume
156.010      156.650      155.050      155.700      26,009,720

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

Moving Averages: 10-period          50-period         200-period
Close:                       151.61                143.86               122.98
Volatility:                19                       15                       20
Volume:                   34,122,904      24,520,614      30,468,634

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 26.6% above its 200-period moving average and is in an upward trend. Volatility is high as compared to the average volatility over the last 10 periods. 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 12 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition.

HEFFX Momentum

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 89.0275. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 7 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 78.59. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 8 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 107.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 13 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 13 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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