Apple Is Trading below Its Moving Averages in December 2015
Analysts Lowered iPhone Unit Estimates, Supply Chain Took a Hit
Shareholder returns and stock trends
As of December 14, 2015, Apple (AAPL) has generated returns of 3.9% for the trailing 12 months and 0.12% in the trailing-one-month period. The company’s share price decreased 4.9% in the trailing five-day period.
Apple’s (AAPL) peers in the Technology, Hardware, and Storage sector include Hewlett-Packard (HPQ), Western Digital (WDC), and SanDisk (SNDK). These companies generated returns of 0.08%, -6.3%, and 0.31%, respectively, in the trailing five-day period.
Moving averages
On December 14, 2015, Apple’s (AAPL) last trading price was $112.48. The company was trading 3.7% below its 20-day moving average of $116.79, 3% below its 50-day moving average of $115.98, and 2.2% below its 100-day moving average of $115.06.
Moving average convergence divergence
The MACD (moving average convergence divergence) is the difference between the short-term and long-term moving averages of a company. Apple’s (AAPL) 14-day MACD of 0.06 shows an upward trading trend, as the figure is positive.
Apple’s 14-day RSI (Relative Strength Index) is 39, which shows that the stock has been somewhat oversold. If the RSI is above 70, it indicates the stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.
Analyst recommendations
Of the 51 analysts covering Apple (AAPL), 43 have “buy” recommendations, one has a “sell” recommendation, and eight have “hold” recommendations. The analyst stock price target for the company is $148.38, with a median target estimate of $150. Apple (AAPL) is trading at a discount of 25% with respect to its median target.
Apple constitutes 3.7% of the SPDR S&P 500 ETF Trust (SPY).
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