Apple Inc. (NASDAQ:AAPL) HEFFX Highlights
Apple has continued to expand its retail footprint in Asia after the iPhone-maker opened its first store in Taiwan this weekend.
The inaugural Apple Store is located in Taipei 101, a landmark skyscraper in Taipei, and it is staffed with an initial workforce of 130 employees, Apple said. Doors in Taiwan opened at 11am local time on Saturday, but eager fans had queued for as long as 68 hours in some cases, Focus Taiwan reports.
A giant spaceship has landed in Cupertino. This summer, 12,000 Apple employees will start to move into this great disc of a building, which has been eight years coming and is said to have cost $5bn — making it the world’s most expensive office.
Apple opened its first store in Taiwan on Saturday with more than a thousand shoppers flocking to the site located in the island’s landmark skyscraper and tallest building, Taipei 101.
The launch comes just weeks after the US tech giant unveiled a Singapore branch – its first in Southeast Asia – which it expects to be among the most popular Apple stores in the world.
“This is an incredibly important region for Apple,” the company said in a statement.
Excited fans in Taiwan thronged upon the new store with its iconic glass facade and more than 100 iPhones, iPads, Macs, Apple Watches and iPods laid out for customers to try.
Apple Inc. (Apple) designs, manufactures and markets mobile communication and media devices, personal computers, and portable digital music players, and a variety of related software, services, peripherals, networking solutions, and third-party digital content and applications. The Company’s products and services include iPhone, iPad, Mac, iPod, Apple TV, a portfolio of consumer and professional software applications, the iOS and OS X operating systems, iCloud, and a variety of accessory, service and support offerings. The Company also delivers digital content and applications through the iTunes Store, App StoreSM, iBookstoreSM, and Mac App Store. The Company distributes its products worldwide through its retail stores, online stores, and direct sales force, as well as through third-party cellular network carriers, wholesalers, retailers, and value-added resellers. In February 2012, the Company acquired app-search engine Chomp.
Overall, the bias in prices is: Downwards.
Short term: Prices are stalling.
Intermediate term: Prices are ranging.
The projected upper bound is: 149.69.
The projected lower bound is: 138.41.
The projected closing price is: 144.05.
APPLE INC closed up 0.340 at 144.020. Volume was 12% below average (neutral) and Bollinger Bands were 50% wider than normal.
Open High Low Close Volume
144.450 144.960 143.780 144.020 23,024,108
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 145.22 149.26 129.95
Volatility: 24 24 20
Volume: 26,031,304 28,933,514 29,785,582
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 10.8% above its 200-period moving average and is in an downward trend. Volatility is high as compared to the average volatility over the last 10 periods. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 14 periods.
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 33.9366. This is not an overbought or oversold reading. The last signal was a buy 9 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 41.22. 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 31 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 -61. This is not a topping or bottoming area. The last signal was a buy 0 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 30 period(s) ago.
Latest posts by John Heffernan (see all)
- Singapore Technologies Engineering HEFFX Highlights - June 3, 2019
- United Overseas Bank HEFFX Highlights - June 3, 2019
- COSCO Shipping International HEFFX Highlights - June 3, 2019