$ AAPL #Apple #iPhone #StockSplit #USA #Nasdaq #Stocks #Metastock
Quotes: NASDAQ: AAPL
Price: $ 123.75
As Apple (AAPL) announced the winners of its App Store Best of 2020 awards, AAPL stock is trying to overtake an alternative entry.
As Apple stock consolidates, it is aiming for an alternate entry from the Oct. 13 high at 125.39, according to MarketSmith analysis. The relative strength line has slipped lower than Apple’s fundamentals, but is starting to rise.
Taking all stock divisions into account, AAPL stock is also looking to hit a record high breaking the 138 mark. It closed Monday’s session up 1.5% in below-average volume at 123.75.
Estimates by consensus analysts predict earnings growth of 21% in the current fiscal year, followed by a 9% increase in fiscal 2022.
Summary of the activity
Apple Inc. designs, manufactures and markets mobile communications and multimedia devices, personal computers and portable digital music players.
The company sells a range of software, services, accessories, networking solutions and third-party digital content and applications.
The company’s segments include the Americas, Europe, Greater China, Japan and the rest of Asia-Pacific.
The Americas segment includes both North America 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 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 business software applications, iPhone OS (iOS), OS X and watchOS operating systems, iCloud, Apple Pay and a range of accessories, service and support offerings.
Overall, the price bias is: upward.
Note: This chart shows extraordinary price action on the rise.
By the way, prices are vulnerable to a correction towards 115.58.
The projected upper limit is: 131.67.
The projected lower limit is: 116.28.
The projected closing price is: 123.98.
A white body has occurred (because prices closed higher than they opened).
In the last 10 bars, there have been 7 white candles and 3 black candles for a net of 4 white candles. In the last 50 bars, there have been 28 white candles and 22 black candles for a trickle of 6 white candles.
Momentum is a general term used to describe the speed at which prices move over a period of time. In general, changes in dynamics tend to lead to price changes. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is to look for areas of overbought (above 80) and areas of oversold (below 20). The stochastic oscillator is 83.2897. It’s overbought read. However, a signal is not generated until the oscillator drops below 80. The last signal was a buy 7 period (s) ago.
Relative Strength Index (RSI)
The RSI shows areas of overbought (above 70) and oversold (below 30). The current value of the RSI is 62.37. This is not a trim or bottom area. A buy or sell signal is generated when the RSI moves out of an overbought / oversold zone. The last signal was a sell 65 period (s) ago.
The Moving Average Convergence / Divergence (MACD) indicator gives signals as it crosses its 9 period signal line. The last signal was a buy 4 period (s) ago.
Rex Takasugi – TD Profile
APPLE INC closed 1,500 to 123,750. Volume was 100% below average (consolidation) and Bollinger Bands were 45% narrower than normal.
Open High Low Close Volume 122.310 124.570 122.250 123.750 20,044
Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish
Moving Averages: 10-period 50-period 200-period Close: 119.54 117.14 95.51 Volatility: 30 42 60 Volume: 90,885,336 115,470,344 165,726,368
Short term traders should pay more attention to buy / sell arrows while medium / long term traders should place more emphasis on the bullish or bearish trend reflected in the lower ribbon.
APPLE INC is currently 29.6% above its 200-period moving average and is in an uptrend. The volatility is extremely low compared to the average volatility of the last 10 periods. There is a good chance that there will be an increase in volatility accompanied by sharp price swings in the near future.
Our volume metrics reflect the volume entering and exiting AAPL.O at a relatively even (neutral) rate. Our Trend Forecast Oscillators are currently bullish on AAPL.O and have had this outlook for the past 4 periods.
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