Apple Inc. (NASDAQ:AAPL) dropped over 1 per cent after it launched bigger phones but stuck to smaller changes
Share prices of Apple, the first $1 trillion publicly listed US company, dropped over 1 per cent to $221.20 today after it launched new bigger phones, but stuck to smaller changes.
Apple unveiled the XS, with a 5.8-inch (14.7-cm) screen, starting at $999, and the larger XS Max, with a 6.5-inch (16.5-cm) screen, starting at $1,099 and a low-cost 6.1-inch iPhone Xr made of aluminum, with an edge-to-edge liquid retina display, starting at $749.
These launches follow last year’s iPhone X – pronounced “ten” – that represented a major redesign.
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 209.55.
The projected upper bound is: 229.59.
The projected lower bound is: 213.90.
The projected closing price is: 221.75.
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 29 white candles and 21 black candles for a net of 8 white candles.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 37.1245. This is not an overbought or oversold reading. The last signal was a buy 1 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 58.52. 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 4 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 -1. This is not a topping or bottoming area. The last signal was a sell 4 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 3 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed down -2.780 at 221.070. Volume was 94% above average (neutral) and Bollinger Bands were 3% narrower than normal.
Open High Low Close Volume___
224.940 225.000 219.840 221.070 49,278,740
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 223.85 205.58 183.53
Volatility: 26 25 27
Volume: 37,656,584 26,672,170 30,645,626
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 20.5% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 43 periods.
Latest posts by HEFFX Australia (see all)
- Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles - November 18, 2018
- SILVER 1 OZ 999 NY (XAG=X) fears of a marked global economic slowdown - November 18, 2018
- GOLD 1 OZ (XAU=X) focus of the market has turned slightly to geopolitical issues - November 18, 2018