Apple Inc. (NASDAQ:AAPL) HEFFX Summary

Apple Inc. (NASDAQ:AAPL) HEFFX Summary

Apple Inc. (NASDAQ:AAPL) HEFFX Summary

  • Apple (AAPL) is keen to replace the iPhone’s fingerprint scanning system with more secure 3-D facial-recognition technology, according to Bloomberg.
  • The company’s goal to do away with Touch ID, its fingerprint identity sensor that has been used to unlock iPhones models launched since 2013, is expected to occur in time for the launch of the iPhone 8, due to be released later this year. People familiar with the product’s development claim that the new facial-recognition technology will feature a 3-D sensor capable of scanning faces and unlocking iPhones within a few hundred milliseconds. (See also: Apple Has Acquired an Eye-Tracking Company.
  • While Apple shares have fallen from their year-to-date highs, tech investor Gene Munster says there are more record highs this year awaiting the tech giant.
  • This is even in spite of what Munster says may be a “choppy” few months for Apple before the end of the year. The Loup Ventures co-founder says that investors may start to “unwind” amid selling pressure and that Wall Street may actually be “too high” in its September quarter estimates for Apple, especially as the iPhone 8 probably won’t be released until the December quarter, in his view.
  • The prices of several big-name Nasdaq-listed stocks appeared on some websites to either spike or plummet well after the closing bell on Monday, seemingly due to a glitch related to the market data that runs the largely automated markets.
  • At around 6:30 pm, the prices of Amazon and Microsoft stocks appeared to have lost more than half their value, while Apple shares appeared to quadruple.
  • Google parent Alphabet and eBay shares were among others that all appeared to be priced at $123.47 on some financial news websites on Monday evening.

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: 149.17.

The projected lower bound is: 137.88.

The projected closing price is: 143.52.

APPLE INC closed down -0.520 at 143.500. Volume was 100% below average (consolidating) and Bollinger Bands were 42% wider than normal.

Open           High            Low             Close           Volume
144.880      145.300      143.100      143.500      79,907

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

Moving Averages: 10-period        50-period         200-period
Close:                       144.94             149.28               130.09
Volatility:                17                      24                      20
Volume:                  22,785,154      28,588,694      29,332,916

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 10.3% 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 15 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 27.4559. This is not an overbought or oversold reading. The last signal was a buy 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 40.09. 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 32 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 -69. This is not a topping or bottoming area. The last signal was a buy 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 sell 31 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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