Apple Inc. (NASDAQ:AAPL) Target $400 Over the Next Few Years
Apple (NASDAQ: AAPL ) took five and a half years to go from a $500 billion to a $1 trillion company. Now, investors will expect AAPL stock to double in less time, ratcheting up the expectations in the months and years ahead.
Accelerating Growth: Stocks generally move higher on sales and earnings growth. When that growth is accelerating, the share price generally increases at an accelerated rate as well.
Over the past six quarters, Apple’s revenues have gone from 3% year-over-year growth to 17% in Q3 2018. Meanwhile, earnings grew by 4.9% in Q2 2017; in Q3 2018, they rose by 32.1% , thanks in large part to a lower tax rate.
By comparison, its operating income grew 17.1% in the latest quarter compared to slightly less than 1% in Q2 2017.
No matter how you look at it, the business is operating very efficiently.
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 195.43.
The projected upper bound is: 220.81.
The projected lower bound is: 206.61.
The projected closing price is: 213.71.
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 28 white candles and 22 black candles for a net of 6 white candles.
A rising window occurred (where the top of the previous shadow is below the bottom of the current shadow). This usually implies a continuation of a bullish trend. There have been 4 rising windows in the last 50 candles–this makes the current rising window even more 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 86.5251. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a sell 5 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 76.44. 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 4 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 101.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 6 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 11 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 3.080 at 213.320. Volume was 8% above average (neutral) and Bollinger Bands were 77% wider than normal.
Open High Low Close Volume___
211.750 213.812 211.470 213.320 28,500,368
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 209.00 193.74 179.18
Volatility: 12 23 27
Volume: 25,903,628 24,372,720 30,336,882
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 gapped up today (bullish) on normal volume. Possibility of a Runaway Gap which usually signifies a continuation of the trend. Four types of price gaps exist – Common, Breakaway, Runaway, and Exhaustion. Gaps acts as support/resistance.
APPLE INC is currently 19.1% above its 200-period moving average and is in an upward trend. Volatility is high 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 25 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition. The security price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.