Where’s Apple Trading Compared to Its Moving Averages?
Apple Watch and iPhone SE: Will They Affect Apple's Fiscal 2Q16?
Shareholder returns and stock trends
Apple (AAPL) generated investor returns of -12.9% in the trailing 12-month period and 7.7% in the trailing one-month period. In comparison, it generated -3.0% in 2015 and 4.9% YTD (year-to-date). The company’s share price rose 0.3% in the trailing five-day period.
In comparison, SanDisk (SNDK), Seagate Technology (STX), and Hewlett-Packard (HPQ), peer companies in the technology hardware and storage subsector, generated returns of -21%, -42.3%, and -33%, respectively, in 2015.
Moving averages
On April 12, 2016, Apple closed the trading day at $110.44. Based on this figure, here’s how the stock fared in terms of its moving averages:
5.4% above its 100-day moving average of $104.75
8.5% above its 50-day moving average of $101.74
2.4% above its 20-day moving average of $107.83
MACD and RSI
MACD (moving average convergence divergence) is the difference between a company’s short-term and long-term moving averages. Apple’s 14-day MACD is 0.68. This positive figure indicates an upward trading trend.
The company’s 14-day RSI (relative strength index) is 64, which shows that the stock is somewhat overbought. Generally, if RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.
Analyst recommendations
Of the 50 analysts covering Apple stock, 43 have given it a “buy” recommendation, two have given it a “sell” recommendation, and five have recommended a “hold.” The analyst stock price target for the company is $133, with a median target estimate of $130. Apple is trading at a discount of 19.2% to median analyst estimates.
The company constitutes 15.5% of the Vanguard Information Technology ETF (VGT).
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