Apple (NASDAQ:AAPL) New Chip Gives it More Control of its Ecosystem

Apple (NASDAQ:AAPL) New Chip Gives it More Control of its Ecosystem

$AAPL #Apple #iPhone #StockSplit #USA #Nasdaq #Stocks #Metastock

Apple
Ticker: NASDAQ:AAPL
Price: $115.97

Apple News

Apple held a product launch event Tuesday, where it announced its first homemade chip for the Mac, the M1.

The company also introduced three new Macs powered by the chip: A new MacBook Air laptop, a new 13-inch MacBook Pro laptop and Mac Mini desktop computer. The designs look nearly identical to the current generation of each computer. Apple made several claims about the M1′s performance and how it’ll contribute to better battery life in the new Macs.

All three computers are available to order now and start shipping next week. The MacBook Air starts at $999, the MacBook Pro starts at $1,299 and the Mac Mini starts at $699.

Earlier this year, Apple announced its plans to use “Apple Silicon” in its laptops and desktop computers running the MacOS operating system. Apple has used Intel chips in its Mac computers since 2005. The transition means Apple will start using chips based on the same technology as the chips in iPhones and iPads. It also means Macs will be able to run apps originally developed for iPhones.

Business Summary

Apple Inc. designs, manufactures and markets mobile communication and media devices, personal computers and portable digital music players.

The Company sells a range of related software, services, accessories, networking solutions, and third-party digital content and applications.

The Company’s segments include the Americas, Europe, Greater China, Japan and Rest of Asia Pacific.

The Americas segment includes both North and South America. The Europe segment includes European countries, India, the Middle East and Africa.

The Greater China segment includes China, Hong Kong and Taiwan.

The Rest of Asia Pacific segment includes Australia and the Asian countries not included in the Company’s other operating segments.

Its products and services include iPhone, iPad, Mac, iPod, Apple Watch, Apple TV, a portfolio of consumer and professional software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessory, service and support offerings.

Price Performance

Relative Valuation

Technical Indicators

Overall, the bias in prices is: Upwards.

The projected upper bound is: 126.21.

The projected lower bound is: 105.21.

The projected closing price is: 115.71.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 6 white candles and 4 black candles for a net of 2 white candles. During the past 50 bars, there have been 26 white candles and 24 black candles for a net of 2 white candles.

An on-neck line occurred. This is a bearish pattern where prices should move lower when the white candlestick’s (i.e., the most recent) low is penetrated.

A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble.

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 64.1477. This is not an overbought or oversold reading. The last signal was a sell 0 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 51.05. 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 47 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 38. This is not a topping or bottoming area. The last signal was a sell 2 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 down -0.350 at 115.970. Volume was 100% below average (consolidating) and Bollinger Bands were 32% narrower than normal.

Open     High    Low     Close      Volume
115.550  117.590 114.130 115.970    75,702
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period    50-period     200-period
Close:           113.96       115.66        91.96
Volatility:      62           57            61
Volume:          124,480,328  150,925,472   168,992,944

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 26.1% above its 200-period moving average and is in an upward trend. Volatility is low 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 3 periods.

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