Apple (AAPL, $352.69) will reopen 70 stores in the US

Apple  said it would reopen 70 stores across the US this week.

So far, Apple has reopened 365 of its 510 global stores.

10 stores in New York City will be reopened. According to a CNBC report, customers in New York will have to make appointments to come in the stores.

The iPhone maker will remain cautious in its store reopenings. Employees will undergo temperature checks, and employees and customers will be required to wear masks.

AAPL's in Uptrend: Moving Average Convergence Divergence (MACD) Histogram crosses above signal line

This is a Bullish indicator signaling AAPL's price could rise. Traders may explore going long on the ticker or buying call options. In 27 of 38 cases where AAPL's MACD histogram became positive, the price rose further within the following month. The odds of a continued Uptrend are 71%.

Current price $352.69 is above $323.99 the highest resistance line found by A.I. Throughout the month of 05/13/20 - 06/15/20, the price experienced a +11% Uptrend. During the week of 06/08/20 - 06/15/20, the stock enjoyed a +3% Uptrend growth.

Technical Analysis (Indicators)

Bullish Trend Analysis

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where AAPL advanced for three days, in 233 of 341 cases, the price rose further within the following month. The odds of a continued Uptrend are 68%.

The Aroon Indicator entered an Uptrend today. In 256 of 404 similar cases where AAPL Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 63%.

Bearish Trend Analysis

The RSI Indicator appears to be shifting from an Uptrend to a Downtrend. In 22 of 51 cases where AAPL's RSI indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 43%.

The Stochastic Indicator may be shifting from an Uptrend to a Downtrend. In 32 of 68 cases where AAPL's Stochastic indicator exited the overbought zone, the price fell further within the following month. The odds of a continued Downtrend are 47%.

The higher Bollinger Band was broken -- a price fall is expected as the ticker heads toward the middle band, which invites the trader to consider selling or shorting the ticker, or exploring put options. In 21 of 57 cases where AAPL's price broke its higher Bollinger Band, its price dropped further during the following month. The odds of a continued Downtrend are 37%.

Fundamental Analysis (Ratings)

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 84%. During the last month, the daily ratio of advancing to declining volumes was 1.97 to 1.

The Tickeron Profit vs. Risk Rating rating for this company is 6 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 87, placing this stock better than average.

The Tickeron Price Growth Rating for this company is 8 (best 1 - 100 worst), indicating outstanding 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 PE Growth Rating for this company is 14 (best 1 - 100 worst), pointing to outstanding 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 SMR rating for this company is 17 (best 1 - 100 worst), indicating very strong sales and a 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 Valuation Rating of 93 (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: AAPL's P/B Ratio (18.91) is slightly higher than the industry average of (2.80). P/E Ratio (26.89) is within average values for comparable stocks, (355.20). Projected Growth (PEG Ratio) (2.67) is also within normal values, averaging (15.82). Dividend Yield (1.37) settles around the average of (0.97) among similar stocks. P/S Ratio (4.08) is also within normal values, averaging (5.64).