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Apple
Ticker: NASDAQ:AAPL
Price: $116.50
Apple Outlook
Shares of Apple Inc. AAPL, +3.07% rallied 3.08% to $116.50 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +2.32% rising 2.32% to 11,332.49 and the Dow Jones Industrial Average DJIA, +1.68% rising 1.68% to 28,148.64. Apple Inc. closed $21.48 short of its 52-week high ($137.98), which the company achieved on September 2nd.
The stock outperformed some of its competitors Monday, as Microsoft Corp. MSFT, +2.03% rose 2.03% to $210.38, Alphabet Inc. Cl A GOOGL, +1.87% rose 1.87% to $1,482.83, and International Business Machines Corp. IBM, +1.19% rose 1.19% to $122.01. Trading volume (104.2 M) remained 80.8 million below its 50-day average volume of 185.0 M.
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: 127.48.
The projected lower bound is: 106.48.
The projected closing price is: 116.98.
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 29 white candles and 21 black candles for a net of 8 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 67.4584. This is not an overbought or oversold reading. The last signal was a sell 1 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 53.39. 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 21 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 85. 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 4 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 3.480 at 116.500. Volume was 100% below average (consolidating) and Bollinger Bands were 37% narrower than normal.
Open High Low Close Volume 113.910 116.650 113.550 116.500 35,000
Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 113.06 114.26 86.72 Volatility: 47 59 59 Volume: 129,277,432 181,311,968 169,019,312
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 34.3% above its 200-period moving average and is in an downward 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 bearish on AAPL.O and have had this outlook for the last 16 periods.
Apple (NASDAQ:AAPL) Watch These Levels Closely added by HEFFX on
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