Apple Inc. (NASDAQ:AAPL) predicts record holiday sales
Apple Inc. revealed a blockbuster September quarter Thursday and predicted record revenue for the holiday season.
That wasn’t good enough for investors, though.
The smartphone manufacturer on Thursday reported that it had grown revenue by 20% in its fiscal fourth quarter, thanks in part to strong momentum for the latest iPhones. The iPhone business grew by the largest percentage in years, rising 29% as the iPhone XS and XS Max hit shelves.
Those numbers were somewhat of an anomaly, to be sure: Part of Apple’s AAPL, +1.54% September quarter this year featured two expensive new phones, whereas the company hadn’t yet rolled out the pricey iPhone X as of the end of its year-earlier quarter. That creates a rather easy comparison, but also helped lead to a relatively cautious growth projection for the current quarter that helped send shares down 6.5% in after-hours trading.
Overall, the bias in prices is: Upwards.
The projected upper bound is: 233.43.
The projected lower bound is: 211.30.
The projected closing price is: 222.36.
A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 8 white candles and 2 black candles for a net of 6 white candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.
Three white candles occurred in the last three days. Although these candles were not big enough to create three white soldiers, the steady upward pattern is bullish.
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 72.6560. This is not an overbought or oversold reading. The last signal was a buy 14 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 53.09. 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 40 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 68. This is not a topping or bottoming area. The last signal was a buy 1 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 sell 18 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 3.360 at 222.220. Volume was 95% above average (neutral) and Bollinger Bands were 17% narrower than normal.
Open High Low Close Volume___
219.050 222.360 216.810 222.220 58,323,180
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 218.05 221.32 192.18
Volatility: 36 32 30
Volume: 39,795,556 34,541,872 32,154,780
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 15.6% above 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 16 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.