Apple Inc. (NASDAQ:AAPL) set to report results for the holiday season after-the-bell on Tuesday

Apple Inc. (NASDAQ:AAPL)  set to report results for the holiday season after-the-bell on Tuesday

Apple Inc. (NASDAQ:AAPL) set to report results for the holiday season after-the-bell on Tuesday

Apple (AAPL) is set to report results for the holiday season after-the-bell on Tuesday, and the bar couldn’t be much lower.

The Cupertino, California-based said in a statement January 2 that it expects revenue of $84 billion for the fiscal first quarter of 2019, an about 8% reduction from its previous estimates. This had been Apple’s first negative preannouncement since June 2002, driven by worse-than-anticipated iPhone upgrades as well as economic deceleration “particularly in Greater China,” the company said.

The stock fell 9.96% in the first trading day following the news.

Given the preannouncement, the focus for Tuesday’s earnings report and conference call will skew heavily toward guidance for the quarter ending in March, rather than the “post-mortem on the December quarter,” Tom Forte, D.A. Davidson analyst, said in a phone interview with Yahoo Finance.

Specifically, investors are likely to be listening carefully for two things: 1) How bad are things in China? and 2) How strong is the services business?

Overall, the bias in prices is: Downwards.

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

The projected upper bound is: 168.97.

The projected lower bound is: 142.12.

The projected closing price is: 155.54.


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 23 white candles and 27 black candles for a net of 4 black candles.

A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold).

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 61.2394. This is not an overbought or oversold reading. The last signal was a sell 4 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 48.08. 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 15 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 72. This is not a topping or bottoming area. The last signal was a sell 0 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 19 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -1.460 at 156.300. Volume was 35% below average (neutral) and Bollinger Bands were 44% narrower than normal.

Open High Low Close Volume___
155.790 156.330 153.660 156.300 26,192,058

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

Moving Averages: 10-period 50-period 200-period
Close: 154.47 164.72 191.68
Volatility: 30 53 38
Volume: 29,399,742 43,058,296 33,391,362

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 18.5% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on AAPL.O and have had this outlook for the last 1 periods.

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.