Apple Inc. (NASDAQ:AAPL) Correction to $181.30

Apple Inc. (NASDAQ:AAPL) Correction to $181.30

Apple Inc. (NASDAQ:AAPL) Correction to $181.30

Apple Inc. (AAPL) performed of 13.28% in year to date period and weekly performance of 0.77%. The stock has been moved at 13.43% over the last six months and 23.69% throughout last twelve months. The stock has performed 2.32% around last thirty days, and changed 6.51% over the last three months.

Apple Inc. (AAPL) performed -0.91% and it registered share value at $191.7 in recent trade transaction. At present, the stock price sited at -1.29% from the 52 week high and situated at 34.81% from 52 week low. 26542025 shares traded on hands while it’s an average volume stands with 30366.72K shares. It has dividend yield of 1.52% and Payout Ratio is 24.20%.

VOLATILITY FACTOR: The stock remained 1.03% volatile in recent week and indicated 1.14% volatility in last month. The Company’s beta coefficient sits at 1.27. Beta factor measures the amount of market risk associated with market trade. Higher the beta discloses more riskiness and lower the beta lower the risk. ATR value of 2.82 measure stock volatility. The Average True Range is an exponential moving average (14-days) of the True Ranges.

PROFITABILITY RATIOS: The company’s net profit margin is 21.50%. It measures how much out of every dollar of sales a company actually keeps in earnings. Gross Margin is observed at 38.30% and Operating Margin is seen at 26.70%. Return on Assets (ROA) an indicator of how profitable a company is relative to its total assets, is 14.30%. Return on Equity (ROE) is 40.00% and Return on Investment (ROI) is 18.30%.

Overall, the bias in prices is: Upwards.

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

By the way, prices are vulnerable to a correction towards 181.30.

The projected upper bound is: 199.65.

The projected lower bound is: 184.76.

The projected closing price is: 192.20.

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 29 white candles and 21 black candles for a net of 8 white candles.

A falling window occurred (where the bottom of the previous shadow is above the top of the current shadow). This usually implies a continuation of a bearish trend. There have been 4 falling windows in the last 50 candles–this makes the current falling window even more bearish.

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 82.2529. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 17 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 63.57. 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 1 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 48. This is not a topping or bottoming area. The last signal was a sell 0 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 2 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -1.760 at 191.700. Volume was 23% below average (neutral) and Bollinger Bands were 57% narrower than normal.

Open High Low Close Volume___
191.170 192.000 189.770 191.700 26,656,800

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

Moving Averages: 10-period 50-period 200-period
Close: 190.54 179.41 170.60
Volatility: 14 27 26
Volume: 22,636,060 29,318,942 31,098,332

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 down today (bearish) 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 12.4% 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 24 periods.

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