Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works

Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works

Apple Inc. (NASDAQ:AAPL) two new “Pro” models are said to be in the works

Apple plans to unveil three new iPhones next month, including two new “Pro” models and a successor to the iPhone XR, Bloomberg reported Thursday.

The “Pro” models are meant to replace the iPhone XS and iPhone XS Max, according to the report. They’ll be packed with major upgrades to the rear-facing camera, including a sensor for capturing ultra wide-angle photos and videos, which is a first for Apple, according to Bloomberg. The new camera system will also allow for better photos in low-light environments, while enabling things like the ability to capture three images at once.

Apple plans to add a second rear camera to the iPhone XR successor, enabling features like enhanced portrait mode, as well as optical zoom, which allows users to zoom in further without impacting quality, Bloomberg reported.

All of the new models are expected to include a new multiangle Face ID sensor, enabling users to unlock their device even if it’s laying flat on a table, Bloomberg reported. Apple is said to be bringing faster A13 processors to each of the three iPhones, which are likely to power improved computer vision and augmented reality capabilities.

Aside from iPhones, the company is also likely to release refreshed iPads and MacBook Pros in the fall, according to the report. It’s also working on updated versions of AirPods and the HomePod smart speaker.

Representatives from Apple were not immediately available for comment.

Technical Indicators

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 222.49.

The projected lower bound is: 203.16.

The projected closing price is: 212.83.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

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 84.3811. This is an overbought reading. However, a signal is not generated until the Oscillator crosses below 80 The last signal was a buy 10 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 59.58. 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 56 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 110.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 10 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 4 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed down -0.180 at 212.460. Volume was 20% below average (neutral) and Bollinger Bands were 3% narrower than normal.

Open     High      Low     Close     Volume___
213.190 214.435 210.750 212.460 22,267,820
Technical Outlook 
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 206.72 203.08 185.61
Volatility: 36 30 39
Volume: 28,306,986 25,799,248 32,117,502

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 14.5% 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 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 2 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.

You must be logged in to post comments :  
CONNECT WITH