Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

  • Apple has issued a statement regarding last night’s removal of ‘most major’ VPN apps from the App Store in China. Unsurprisingly, Apple says that it is complying with regulations put in place by the Ministry of Industry and Information Technology earlier this year that require VPN apps to be licensed by the government.
  • VPN apps and services currently represent one of the only ways that a person living in China can bypass state censorship controls that prevent access to many websites and services based on their content or potential content.
  • In January, the MIIT issued new regulations that required VPN apps to be explicitly licensed by the government in China. Currently there are some big state-owned companies that provide licensed VPNs, but this sweep removes most of the well-known and well-used VPNs from the store, making it harder for the average citizen to bypass monitoring and censorship.

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: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 154.40.

The projected lower bound is: 144.57.

The projected closing price is: 149.49.

APPLE INC closed down -1.060 at 149.500. Volume was 100% below average (consolidating) and Bollinger Bands were 28% wider than normal.

Open           High            Low             Close          Volume
149.890      150.230      149.190      149.500      2,839

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

Moving Averages: 10-period         50-period        200-period
Close:                       150.96              149.00             133.22
Volatility:                16                      21                      20
Volume:                  19,468,878      25,550,158      27,938,928

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 12.2% above its 200-period moving average and is in an upward trend. Volatility is low 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 bullish on AAPL.O and have had this outlook for the last 9 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.

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 54.4764. This is not an overbought or oversold reading. The last signal was a sell 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 52.15. 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 50 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 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 14 period(s) ago.

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John Heffernan

John Heffernan is a Junior Analyst at HEFFX. John is studying Economics and is a contributor on equities at Live Trading News.

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