Apple is planning to launch four new iPhone models with fifth generation cellular technology in October, according to a Bloomberg report Tuesday that cites sources familiar with the matter.
The company has reportedly asked suppliers to make 75 million to 80 million new iPhones, which is in line with what it has asked for in previous years. Of the four new models, which are said to have updated designs with squared edges, two will be regular and the other two will be high-end, according to the report. The regular devices will come with a 5.4 inch and a 6.1 inch screen, while the premium versions will come with a 6.1 inch or a 6.7 inch display.
Apple is also planning to launch a new iPad Air, two new Apple Watches, its first over-ear headphones, and a smaller HomePod in October, according to the report.
Apple stock was up 2% on Tuesday. Shares in companies that supply Apple rose on the back of the report. In Asia, TSMC (Taiwan Semiconductor Manufacturing Company) and LG Display were up 2% at close. Largan Precision, which supplies camera lenses for smartphones, rose over 4%, and headphone builder Goertek climbed over 2%. In Europe, chipmakers including ASML, Dialog Semiconductor, Infineon Technologies and STMicroelectronics were up 0.9% to 3.3%.
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.
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 109.52.
The projected upper bound is: 142.35.
The projected lower bound is: 127.79.
The projected closing price is: 135.07.
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 30 white candles and 20 black candles for a net of 10 white candles.
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 73.3948. 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 81.89. 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 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 141.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 3 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 22 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 5.140 at 134.180. Volume was 100% below average (consolidating) and Bollinger Bands were 79% wider than normal.
Open High Low Close Volume 132.760 134.800 130.530 134.180 393,781
Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 124.86 104.86 81.28 Volatility: 38 44 55 Volume: 190,023,440 162,192,400 159,517,760
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 65.1% above 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 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 22 periods. Our momentum oscillator is currently indicating that AAPL.O is currently in an overbought condition.
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