Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

Apple Inc. (NASDAQ:AAPL) HEFFX Highlights

  • Mark down September 12 in your calendar as Apple could be unveiling the next iPhone at 9 AM on that day. Mac4Ever wrote a report saying that it confirmed with telecom companies that Apple should hold a press event on September 12.
  • This wouldn’t be a big surprise as Apple has been announcing new iPhones every September since 2012. Apple also always holds press conferences on Tuesday for some reason. So many people were hesitating between September 5 and September 12. We’ll know for sure very soon as Apple should be sending press invites in a few days.
  • So if you’re thinking about buying a new iPhone right now, you should wait a few weeks. Apple usually starts pre-orders on the Friday after the press conference (September 15). And devices go on sale a week later (September 22).

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: Upwards.

Short term: Prices are moving.

Intermediate term: Prices are trending.

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

By the way, prices are vulnerable to a correction towards 151.43.

The projected upper bound is: 166.11.

The projected lower bound is: 154.39.

The projected closing price is: 160.25.

APPLE INC closed up 0.200 at 159.980. Volume was 28% below average (neutral) and Bollinger Bands were 31% wider than normal.

Open       High      Low      Close     Volume
159.070     160.470      158.880      159.980      19,399,080

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

Moving Averages: 10-period      50-period      200-period
Close:      158.75       150.73      137.04
Volatility:      30      24     21
Volume:      26,906,200      26,052,300       27,702,698

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 16.7% above its 200-period moving average and is in an upward 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 bullish on AAPL.O and have had this outlook for the last 27 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 57.0582. This is not an overbought or oversold reading. The last signal was a sell 4 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 60.09. 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 9 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 44. This is not a topping or bottoming area. The last signal was a sell 5 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 sell 3 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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