Apple Inc. (NASDAQ:AAPL) iPhone 5G Pricing

Apple Inc. (NASDAQ:AAPL) iPhone 5G Pricing

Apple Inc. (NASDAQ:AAPL) iPhone 5G Pricing

nother day, another Apple (NASDAQ:AAPL) bull. Apple’s price target was raised to $290 from $270 at Bank of America. The analysts like what they see, with well-priced wearables and strong demand for the iPhone. While demand for the new phone is solid now, they remain optimistic further out too, with a 5G iPhone expected to drop next year. That should generate unit sales of 200 million or more from calendar year 2020 to 2022.

Building on that topic, analyst Ming-Chi Kuo of KGI Securities, doesn’t think the device will cost consumers significantly more. He say there shouldn’t be a large price increase of the new 5G iPhones next year compared to the iPhone 11 pricing. The price increase should only be about $30-$100, depending on the model, but Apple should be able to cut down costs via supply chain improvements.

The good news for Apple didn’t stop there, as Evercore also upped Apple’s price target from $275 to $305. That’s thanks to the high demand this holiday season for the iPhone 11 and the AirPods.

Of course, it’s worth mentioning that Apple hit a new all-time high on Wednesday.

Technical Indicators

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 280.54.

The projected lower bound is: 262.85.

The projected closing price is: 271.69.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. During the past 50 bars, there have been 33 white candles and 16 black candles for a net of 17 white candles.

Momentum Indicators

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 79.2515. This is not an overbought or oversold reading. The last signal was a sell 0 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 63.84. 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 10 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 126.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 2 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 15 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 2.290 at 270.770. Volume was 24% below average (neutral) and Bollinger Bands were 48% narrower than normal.

Open     High      Low     Close     Volume___
268.810 271.100 268.500 270.770 19,723,392
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 266.29 251.30 212.37
Volatility: 24 23 29
Volume: 21,766,894 24,500,306 27,030,368

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 27.5% above its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. 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 79 periods. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.

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