Apple Inc. (NASDAQ:AAPL) next premium iPhone will reportedly have three cameras

Apple Inc. (NASDAQ:AAPL) next premium iPhone will reportedly have three cameras

Apple Inc. (NASDAQ:AAPL) next premium iPhone will reportedly have three cameras

The high-end iPhone Apple is expected to release this fall will be the company’s first smartphone to come with three cameras instead of two, according to reports from Bloomberg and The Wall Street Journal. These reports indicate that only the most expensive, largest new iPhone – presumably the successor to the iPhone XS Max – will have this triple camera setup. Bloomberg does note, however, that this feature could eventually come to other models.

But a more recent report from Macotakara– a Japanese blog focused on Apple news – suggests that Apple is planning to release two new iPhones with triple camera systems this year.

Overall, the bias in prices is: Upwards.

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

By the way, prices are vulnerable to a correction towards 185.87.

The projected upper bound is: 205.76.

The projected lower bound is: 193.49.

The projected closing price is: 199.62.

Candlesticks

A black body occurred (because prices closed lower 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 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 64.0090. 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 70.58. 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 13 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 91. This is not a topping or bottoming area. The last signal was a sell 0 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 buy 5 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -1.670 at 198.950. Volume was 39% below average (neutral) and Bollinger Bands were 24% narrower than normal.

Open High Low Close Volume___
200.850 201.000 198.443 198.950 20,900,808

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 196.24 181.02 191.00
Volatility: 13 21 39
Volume: 23,935,042 27,600,964 33,402,434

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 4.2% above its 200-period moving average and is in an upward trend. Volatility is low as compared to the average volatility over the last 10 periods. Our volume indicators reflect moderate flows of volume into AAPL.O (mildly bullish). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 53 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition.

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