Where Is Apple Trading Compared to Its Moving Averages?
Why Apple's Stock Fell following Its Fiscal 2Q16 Results
Shareholder returns and stock trends
Apple (AAPL) generated investor returns of -21.8% in the trailing-12-month period and -7% in the trailing-one-month period. In comparison, it generated -3% in 2015 and -7.1% YTD (year-to-date). The company’s share price fell 7.7% 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 27, 2016, Apple closed the trading day at $97.82. Based on this figure, here’s how the stock fared in terms of its moving averages:
4.4% below its 100-day moving average of $102.29
6.2% below its 50-day moving average of $104.30
9.5% below its 20-day moving average of $108.09
MACD and RSI
The 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 -4.91. This negative figure indicates a downward trading trend.
The company’s 14-day RSI (relative strength index) is 27, which shows that its stock has been oversold. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure of below 30 suggests that a stock has been oversold.
Analysts’ recommendations
Of the 49 analysts covering Apple’s stock, 37 have given it “buy” recommendations, and 12 have recommended “holds.” The analyst stock price target for the company is $122, with a median target estimate of $121. Apple is trading at a discount of 23.7% to its median estimate.
Apple constitutes 15.5% of the Vanguard Information Technology ETF (VGT).
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