Apple Inc. (NASDAQ:AAPL) A Boring Story This Time

Apple Inc. (NASDAQ:AAPL) A Boring Story This Time

Apple Inc. (NASDAQ:AAPL) A Boring Story This Time

Apple Inc .’s AAPL fiscal first-quarter earnings report isn’t exciting investors. The iPhone maker will report after market close on Jan 29, and has already cautioned that its revenues will fall short of estimates. CEO Tim Cook has cited weaker-than-expected iPhone sales and economic deceleration in China as the primary factors affecting sales.

Cook recently wrote that “over 100% of our year-over-year world-wide revenue decline occurred in Greater China across iPhone, Mac and iPad.” Apple is now widely expected to report $84 billion in revenues for the December quarter, less than $88 billion in the year-earlier period.

The Zacks Rank #3 (Hold) company’s fourth-quarter revenues, by the way, are expected to come in at $16.4 billion, up from $12.97 billion in the year-earlier quarter. Revenues from advertisement are likely to contribute the maximum, as advertisers successfully lured holiday shoppers.

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 167.35.

The projected lower bound is: 140.51.

The projected closing price is: 153.93.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 22 white candles and 28 black candles for a net of 6 black candles.

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 70.7101. This is not an overbought or oversold reading. The last signal was a sell 5 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 46.01. 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 16 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 69. This is not a topping or bottoming area. The last signal was a sell 1 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 20 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -1.620 at 154.680. Volume was 2% above average (neutral) and Bollinger Bands were 45% narrower than normal.

Open High Low Close Volume___
156.250 158.130 154.110 154.680 41,587,240

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

Moving Averages: 10-period 50-period 200-period
Close: 154.93 163.97 191.58
Volatility: 30 53 38
Volume: 30,314,548 42,952,380 33,484,852

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 19.3% 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 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 2 periods.

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