Apple Inc. (NASDAQ:AAPL) HEFFX Targets $200

Apple Inc. (NASDAQ:AAPL) HEFFX Targets $200

Apple Inc. (NASDAQ:AAPL) HEFFX Targets $200

PayPal Holdings Inc. (PYPL) shares hit a record high on Wednesday after announcing it had reached a deal with Apple Inc. (AAPL) in which the tech giant will accept it as a payment method.

The digital payment company announced customers can pay for Apple App Store, Apple Music, iTunes and iBooks purchases on an iPhone, iPad and iPod Touch devices using their PayPal account. Customers in the U.S., U.K., Canada, Mexico, Australia, Austria, France, Germany, Israel, Italy, the Netherlands and Spain will be able to use the payment method.

In a statement announcing the new deal, PayPal said it expands the company’s goal to provide an easy way to make mobile purchases. With the new service, consumers can ask Siri, Apple’s voice-activated virtual assistant to make payments via the PayPal app. (See also: Why Apple, JPMorgan Want to Crush PayPal’s Venmo.)

According to the analysts, who visited the Apple (AAPL, +1.39%) supply chain, its manufacturing partners are having trouble getting the iPhone’s fingerprint sensor and 3D-scanning technology working. The fingerprint sensor is said to be the first from Apple that would be integrated into its screen instead of added to a physical button that previously sat on the front of the smartphone. The 3D-scanning technology would be used to verify a person’s identity and allow him or her access to the iPhone’s software by scanning his or her face.

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 stalling.

Intermediate term: Prices are ranging.

By the way, prices are vulnerable to a correction towards 145.97.

The projected upper bound is: 153.37.

The projected lower bound is: 142.19.

The projected closing price is: 147.78.

APPLE INC closed up 2.030 at 147.770. Volume was 3% below average (neutral) and Bollinger Bands were 47% narrower than normal.

Open           High            Low             Close          Volume
145.500      148.490      145.440      147.770      25,199,372

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

Moving Averages: 10-period 50-period 200-period
Close:                       144.63                149.32              131.19
Volatility:                16                        24                     20
Volume:                   22,465,768      28,587,602      28,628,928

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 12.6% above its 200-period moving average and is in an downward 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 bearish on AAPL.O and have had this outlook for the last 22 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 87.7520. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 17 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 54.72. 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 39 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 165.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 4 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 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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