Apple Inc. (NASDAQ:AAPL) will launch an augmented reality headset

Apple Inc. (NASDAQ:AAPL) will launch an augmented reality headset

Apple Inc. (NASDAQ:AAPL) will launch an augmented reality headset

A Wednesday note from TF Securities analyst Ming-Chi Kuo said Apple is planning a bunch of new hardware for the first half of 2020, including new augmented reality glasses that Apple will build with third-party brands.

A rough Google translation from the site MyDrivers covers the note, which was published in Chinese. (Kuo’s notes are often released in Chinese first.)

Apple is working with third-party brands on the AR glasses and will unveil them in the first half of 2020, according to Kuo. Other companies, like Facebook, are partnering with third party companies such as Ray-Ban, to produce similar headsets.

Apple has put a lot of investment into augmented reality, which already works on most iPhones and iPads launched in the last few years. Augmented reality glasses allow people to overlay digital information on top of the real world, but haven’t become popular since they’re typically very bulky and don’t look like normal glasses. Companies like Microsoft, Google and the start-up Magic Leap have all released AR glasses over the years, but none have gained massive consumer adoption.

Kuo said Apple is planning to launch its new lower-cost iPhone SE 2 and a new iPad Pro in the first quarter of next year.

Earlier this month, a separate note said that Apple’s iPhone SE2 will use the same A13 chip in the iPhone 11 and a design similar to the iPhone 8. If pricing falls in line with the original iPhone SE, it should cost about $399, significantly less than Apple’s iPhone 11, which starts at $699. Kuo said Apple will follow those launches with the release of a new MacBook with an improved keyboard in the second quarter, when Apple plans to also launch an augmented reality headset.

Kuo doesn’t mention the 16-inch MacBook Pro or MacBook Air, which he previously said are launching sometime this month. Both are also expected to include new keyboard designs that fix the problems in the current models.

Finally, Kuo said Apple will launch its 5G iPhone in the third quarter of next year, echoing his earlier predictions.

Technical Indicators

Overall, the bias in prices is: Upwards.

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

The projected upper bound is: 239.06.

The projected lower bound is: 215.73.

The projected closing price is: 227.40.

Candlesticks

During the past 10 bars, there have been 4 white candles and 5 black candles for a net of 1 black candles. During the past 50 bars, there have been 21 white candles and 28 black candles for a net of 7 black 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 74.5461. This is not an overbought or oversold reading. 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 61.11. 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 89 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 99. This is not a topping or bottoming area. The last signal was a sell 1 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 2 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 2.630 at 227.030. Volume was 29% below average (neutral) and Bollinger Bands were 39% narrower than normal.

Open     High      Low     Close     Volume___
227.030 227.790 225.640 227.030 19,029,424
Technical Outlook 
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period     50-period     200-period
Close: 223.26 213.04 191.78
Volatility: 29 36 35
Volume: 28,703,222 30,329,394 29,298,618

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 18.4% above its 200-period moving average and is in an upward trend. Volatility is relatively normal 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 35 periods.

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