Home StocksUS StocksApple Inc. (NASDAQ:AAPL) Apple (NASDAQ:AAPL) Target Price $140

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Apple
Ticker: NASDAQ:AAPL
Price: $131.01

Apple News

Apple on Tuesday announced its quarterly earnings call for the first fiscal quarter of 2021 will be held on Jan. 27, offering a detailed breakdown of the important holiday quarter as the coronavirus pandemic rages.

As usual, the financial results for the typically high-revenue period will be published, followed by a conference call featuring CEO Tim Cook and CFO Luca Maestri along with analysts after markets close on that day.

According to an update on the Apple Investor Relations webpage, the conference call is set to occur on Wednesday, January 27, at 2 p.m. Pacific, 5 p.m. Eastern.

The first-quarter results are typically expected to be the largest for Apple, based on historical seasonal trends, and stand to benefit the most from a raft of product launches that occurred in the fall. This will chiefly consist of the release of the iPhone 12 range, including the iPhone 12 mini, iPhone 12 Pro, and iPhone 12 Pro Max.

Other product releases that may make an impact in the period include the first full quarter of sales for the Apple Watch Series 6, Apple Watch SE, and 2020 iPad. Products released in the quarter range from the iPad Air and iPhone 12 range to the HomePod mini, the M1 Mac mini, the M1 MacBook Air, and M1 13-inch MacBook Pro.

While the AirPods Max launched within the quarter, their release in the closing weeks means it won’t make any meaningful dent in revenue.

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.

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

By the way, prices are vulnerable to a correction towards 121.76.

The projected upper bound is: 138.65.

The projected lower bound is: 123.98.

The projected closing price is: 131.32.

Candlesticks

A white body occurred (because prices closed higher than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white 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 26.7427. 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 57.70. 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 4 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 sell 1 period(s) ago.

Rex Takasugi – TD Profile

APPLE INC closed up 1.600 at 131.010. Volume was 100% below average (consolidating) and Bollinger Bands were 1% narrower than normal.

Open    High    Low     Close     Volume
128.890 131.740 128.430 131.010   161,510
Technical Outlook
Short Term:        Neutral
Intermediate Term: Bullish
Long Term:         Bullish
Moving Averages: 10-period    50-period     200-period
Close:           132.14       121.59        101.28
Volatility:      34           39            48
Volume:          101,832,280  107,149,432   147,645,248

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 29.4% above its 200-period moving average and is in an upward trend. Volatility is 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 23 periods.

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