Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones

Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones

Apple Inc. (NASDAQ:AAPL) expected to announce three new iPhones

Apple’s next iPhones might not be able to charge other devices like the Apple Watch or AirPods after all, TF International Securities analyst Ming-Chi Kuo said in a note distributed to clients on Monday.

The planned two-way wireless charging feature, which Kuo and Bloomberg have both reported is in development, would allow people to charge other Apple devices simply by placing them on a charging spot on the back of new iPhones.

The revised prediction indicates that Apple might have encountered new issues to deliver new charging technology to enhance the iPhone, which gives Apple almost half of its revenue. If correct, it could help devices from rival Samsung stand out further.

Kuo issued the warning late Monday, a day before Apple is expected to new products at an event at its headquarters in Cupertino, California.

“We have revised our previous predictions,” he wrote. “The new iPhone may not support two-way wireless charging because the charging efficiency may not meet Apple’s requirements.”

Earlier this year Apple canceled its AirPower wireless charging mat.

Apple didn’t immediately respond to a request for comment.

Kuo also predicted Apple’s 2019 iPhones won’t include support for the Apple Pencil stylus or support the USB-C interface, and would include ultra-wideband (UWB) technology to enable object tracking. Previous reports have said that Apple will introduce a new device, similar to the third-party Tile, that will let users keep track of objects like their keys.

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 225.16.

The projected lower bound is: 203.75.

The projected closing price is: 214.46.

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 25 white candles and 25 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 87.1930. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 10 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 59.39. 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 67 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 102.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 10 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 up 0.910 at 214.170. Volume was 100% below average (consolidating) and Bollinger Bands were 27% narrower than normal.

Open     High      Low     Close     Volume___
214.840 216.440 211.070 214.170 2,332
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 208.95 205.55 186.21
Volatility: 23 33 38
Volume: 19,267,932 25,423,430 30,938,578

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 15.0% 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 13 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

You must be logged in to post comments :  
CONNECT WITH