Apple Inc. (NASDAQ:AAPL) is donating 20 million masks and producing face shields to help fight coronavirus
Apple has sourced 20 million masks through its supply chain in an effort to help healthcare professionals around the world fight the ongoing coronavirus outbreak, Apple CEO Tim Cook announced in a video posted on Twitter on Sunday.
“This is a truly global effort, and we’re working continuously and closely with governments at all levels to ensure these are donated to places of greatest need,” Cook said in the video.
The company has also launched an effort to design and produce face shields for health workers. Apple plans to ship one million face shields by the end of this week, and over one million per week after that. Cook said the company is working to “get these to where they’re needed most urgently.”
The shields are packed flat, with one hundred fitting in a box, Cook said. The first shipment, he said, was delivered to Kaiser hospital facilities in the Santa Clara Valley past week, and it has received “very positive” feedback from the doctors there. Apple also hopes to quickly expand distribution of face shields beyond the U.S.
Cook said the company plans to share more efforts like these in the future.
Apple isn’t the only tech giant to put its vast resources to use in the fight against the outbreak. Two weeks ago, Tesla bought 1,255 ventilators from China and shipped them to Los Angeles. The company also recently shared a video detailing how it’s making ventilators from car parts in its factories.
— the disease caused by coronavirus — has so far killed more than 63,000 and infected more than 1,136,000 people. The outbreak has been worsening in the U.S. in recent weeks, with more than 337,600 confirmed cases and 9,643 deaths.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 282.74.
The projected upper bound is: 277.17.
The projected lower bound is: 202.54.
The projected closing price is: 239.85.
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 27 white candles and 23 black candles for a net of 4 white candles.
A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.
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 19.2112. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 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 42.48. 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 buy 24 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 -34. This is not a topping or bottoming area. The last signal was a buy 8 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 6 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed down -3.520 at 241.410. Volume was 100% below average (consolidating) and Bollinger Bands were 36% wider than normal.
Open High Low Close Volume___
242.800 245.700 238.974 241.410 80,765
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 245.93 286.36 251.04
Volatility: 81 88 50
Volume: 52,302,932 53,291,692 33,540,982
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 3.8% below 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 31 periods.