Apple Inc (NASDAQ:AAPL) iPhone 8 will Drive Price Over $200
Shayne Heffernan has maintained his $200 target on AAPL despite what some are calling disappointing iPhone results.
The long awaited iPhone 8 has caused the iPhone Sales dip at AAPL, that pent up demand will see an explosion of iPhone sales during the iPhone 8 Super Cycle.
Apple has launched a new iPhone in September every year since the iPhone 5 in 2012.
AAPL may even get the ball rolling early at the WWDC developers conference early next month, they could unveil a Siri-powered smart speaker.
This super cycle will be the real thing, Apple has a major iPhone redesign planned for 2017, with a glass body and edge-to-edge OLED display that includes an integrated Touch ID fingerprint sensor and front-facing camera.
The display itself is said to be flexible plastic OLED rather than an LCD, allowing Apple to introduce a thinner device that consumes less power and offers a better display with higher contrast ratio and more true to life colors.
The iPhone 8 is rumored to have a 10-nanometer A11 chip that will be both faster and more efficient, plus it could also include features like wireless charging and biometric additions like iris, facial, or gesture recognition.
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 150.75.
The projected lower bound is: 144.74.
The projected closing price is: 147.75.
HEFFX Target Q1 2018 is $200
A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 21 white candles and 29 black candles for a net of 8 black candles.
A doji star occurred (where a doji gaps above or below the previous candle). This often signals a reversal with confirmation occurring on the next bar.
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.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 76.5998. This is not an overbought or oversold reading. The last signal was a sell 3 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 71.59. This is where it usually tops. The RSI usually forms tops and bottoms before the underlying security. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 18 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 186.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 4 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 4 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 0.930 at 147.510. Volume was 77% above average (neutral) and Bollinger Bands were 28% narrower than normal.
Open High Low Close Volume___
147.540 148.090 146.840 147.510 45,352,192
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 143.88 141.28 120.63
Volatility: 15 14 21
Volume: 22,807,776 22,919,992 30,871,264
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.
APPLE INC is currently 22.3% 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 3 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition.
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.