Apple (AAPL, $157.19) sets date for new iPhone launch; shares rise to new highs
Apple Inc. shares extended gains to a new all-time high Tuesday, after the company unveiled the date for the launch of its new line of iPhones.
The iPhone maker will hold its annual product event "California Streaming" on Tuesday September 14 at its Cupertino campus. It is expected to unveil a new iPhone 13 series, and the series 7 of its AppleWatch.
In its latest quarterly results, Apple mentioned its expectation of "very strong double digit” year over year revenue growth during the September quarter; but it anticipates the growth to be slower than that 36% increase over the quarter ending in June.
AAPL's Indicator enters downward trend
The Aroon Indicator for AAPL entered a downward trend on May 16, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 108 similar instances where the Aroon Indicator formed such a pattern. In 59 of the 108 cases the stock moved lower. This puts the odds of a downward move at 55%.
Current price $145.54 is below $146.74 the lowest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -14% Downtrend. During the week of 05/09/22 - 05/16/22, the stock fell -4%.
The Momentum Indicator moved below the 0 level on April 07, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on AAPL as a result. In 30 of 78 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 38%.
The Moving Average Convergence Divergence Histogram (MACD) for AAPL turned negative on April 08, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 41 similar instances when the indicator turned negative. In 19 of the 41 cases the stock turned lower in the days that followed. This puts the odds of success at 46%.
AAPL moved below its 50-day Moving Average on May 05, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for AAPL crossed bearishly below the 50-day moving average on April 22, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 6 of 15 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 40%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where AAPL declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 51%.
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where AAPL's RSI Indicator exited the oversold zone, 15 of 23 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 65%.
The Stochastic Indicator shows that the ticker has stayed in the oversold zone for 5 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a +5.10% 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in 255 of 351 cases, the price rose further within the following month. The odds of a continued upward trend are 73%.
AAPL may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.37.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (35.336) is normal, around the industry mean (24.032). P/E Ratio (23.923) is within average values for comparable stocks, (30.104). Projected Growth (PEG Ratio) (2.666) is also within normal values, averaging (7.161). AAPL has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.025). P/S Ratio (6.321) is also within normal values, averaging (22.606).
The Tickeron Price Growth Rating for this company is 58 (best 1 - 100 worst), indicating steady price growth. AAPL’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 39 (best 1 - 100 worst), indicating slightly weaker than average sales and a marginally profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is 37 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 3 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock better than average.
TVs, telephones, washing machines, home speakers and even home-office equipment like computers and printers…the list is virtually endless when it comes to consumer electronics and appliances. And, with ‘smarthomes’ increasingly becoming the reality, we could see a sharp surge in high-tech gadgets (including robotic appliances) making their way into our homes– and therefore spelling plenty opportunities in the related industries. Consumers account for 70% of US GDP, and their purchases of high-functioning electronics could make significant dents in the economy’s health. Sony Corp., Whirlpool and iRobot are some of the major consumer electronics/appliances makers.
The average market capitalization across the Electronics/Appliances Industry is 67.5B. The market cap for tickers in the group ranges from 129.1K to 2.4T. AAPL holds the highest valuation in this group at 2.4T. The lowest valued company is IALS at 129.1K.
- 5/10/22 5:36 AM: Apple (AAPL, $152.06) saw a $91.7B market cap decrease this week
- 5/5/22 4:57 AM: Apple (AAPL, $166.02) saw a $131.9B market cap increase this week
- 5/3/22 8:18 AM: Apple (AAPL, $157.96) saw a $101.5B market cap decrease this week
The average weekly price growth across all stocks in the Electronics/Appliances Industry was -0.62%. For the same Industry, the average monthly price growth was -11.44%, and the average quarterly price growth was -25.26%. SMDM experienced the highest price growth at 18.75%, while TKLS experienced the biggest fall at -26.5%.
- 5/5/22 4:57 AM: Apple (AAPL, $166.02) was a top weekly gainer, with a +6.04% jump
- 4/12/22 7:12 AM: Apple (AAPL, $165.75) was a top loser this week, declining -7.11%
- 3/26/22 6:06 AM: Apple (AAPL, $174.72) was a top weekly gainer, with a +6.55% jump
The average weekly volume growth across all stocks in the Electronics/Appliances Industry was -3.34%. For the same stocks of the Industry, the average monthly volume growth was 62.47% and the average quarterly volume growth was 42.84%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows