Apple Inc. (NASDAQ:AAPL) new iPhones are coming next month

Apple Inc. (NASDAQ:AAPL) new iPhones are coming next month

Apple Inc. (NASDAQ:AAPL) new iPhones are coming next month

It’s a bad time to buy an iPhone.

There are several reasons to wait, but I want to be clear: This isn’t because Apple’s current iPhones are bad. They’re the best phones you can buy.

But Apple almost always unveils its new iPhones in September, so you should wait a few weeks to get the most bang for your buck.

Apple’s current high-end flagship phones are the XS and XS Max. The phones that take their place at the top end of Apple’s lineup will have the latest and greatest additions, reportedly including new cameras. If you’re planning to spend more than $1,000 on a new phone, you’re probably in the minority of buyers, so you should at least get the best phone you can for the price.

Also, new iPhones typically introduce hardware that can take advantage of new software features. Apple’s iOS 13 is a big new iPhone update rolling out this fall, and while the company has already revealed most of the changes, it may have some features that work best or only with new phones.

Face ID and Animoji, for example, worked only with the iPhone X when that phone launched in 2017. The same was true for the iPhone 7 Plus, which introduced Portrait mode in 2016, and the iPhone 8, which introduced wireless charging a year later.

There’s one wildcard: President Donald Trump’s latest tariffs on Chinese imports are set to go into effect on Sept. 1, and could increase the price of iPhones, since Apple will be paying 10 percent more to import them from China, where they’re mostly manufactured. That could mean a $1,000 iPhone might actually end up costing you $1,100 come September. However J.P. Morgan analysts expect Apple will eat the tariff costs instead of passing the higher price down to consumers.

So the gist is this: Whether you want a brand new model or are satisfied with an older one, hold off until Apple refreshes its lineup.

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 210.01.

The projected lower bound is: 191.96.

The projected closing price is: 200.99.

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 28 white candles and 22 black candles for a net of 6 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 75.1087. 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 47.17. 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 48 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 -53. 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 down -0.510 at 200.480. Volume was 17% below average (neutral) and Bollinger Bands were 16% narrower than normal.

Open     High      Low     Close     Volume___
199.620 202.052 199.150 200.480 22,481,888
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 202.85 199.62 185.91
Volatility: 43 29 40
Volume: 39,379,044 25,594,986 32,880,888

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 7.8% 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 6 periods.

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