Apple Inc. (NASDAQ:AAPL) iPhone sales and earnings per share are important

Apple Inc. (NASDAQ:AAPL) iPhone sales and earnings per share are important

Apple Inc. (NASDAQ:AAPL) iPhone sales and earnings per share are important

Apple (NASDAQ:AAPL) earnings are coming up — and lots of investors will be watching. Scheduled for Nov. 1, the earnings release will give investors a better idea of how sustainable the company’s reinvigorated growth rates are. Both Apple’s revenue and earnings-per-share growth rates have accelerated recently.

Adding to the pressure is the impressive performance Apple’s stock has seen. Shares are up 38% over the past 12 months. Investors will be looking for a stellar quarter.

While investors will want to check on the usual items, such as revenue growth and iPhone sales, when Apple reports earnings for its fourth quarter of fiscal 2018 on Nov. 1, there’s one key metric that may steal the show: revenue guidance.

Apple’s fiscal first quarter, which is the period for which the tech giant will provide guidance in its fiscal fourth-quarter report, is seasonally the company’s biggest quarter. This, of course, is due to the timing of Apple’s product launches and the holiday season. To highlight how big the quarter is, 35% of Apple’s trailing-12-month revenue came from the company’s fiscal first quarter of 2018.

Since the period is so important, guidance for strong year-over-year growth in fiscal Q1 typically translates to a good year for Apple.

Overall, the bias in prices is: Upwards.

The projected upper bound is: 232.12.

The projected lower bound is: 212.70.

The projected closing price is: 222.41.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 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 56.1347. This is not an overbought or oversold reading. The last signal was a buy 2 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 50.92. 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 28 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 -60. This is not a topping or bottoming area. The last signal was a buy 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 6 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 4.790 at 222.150. Volume was 3% above average (neutral) and Bollinger Bands were 3% wider than normal.

Open High Low Close Volume___
218.930 222.990 216.763 222.150 29,183,964

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

Moving Averages: 10-period 50-period 200-period
Close: 222.74 219.69 189.60
Volatility: 44 28 29
Volume: 34,625,996 31,694,546 31,420,228

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 17.2% above its 200-period moving average and is in an downward 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 bearish on AAPL.O and have had this outlook for the last 4 periods.

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