Apple, Inc. (AAPL)
Shares of Apple, Inc. (AAPL) moved on volatility today +0.34% or +0.52 USD at the close. The Nasdaq-listed company saw a range 152.63 – 153.98 Vol/Avg. 26.96M/26.16M Mkt cap USD 809.66B and P/E 17.89.
Taking a deeper look into the technical levels of Apple, Inc. (AAPL), we can see that the Williams Percent Range or 14 day Williams %R currently sits at -27.06. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator. The Williams %R was developed by Larry Richard Williams.
Commodity Channel Index (CCI)
Apple, Inc. (AAPL) currently has a 14-day Commodity Channel Index (CCI) of 40.49. Active investors may choose to use this technical indicator as a stock evaluation tool. Used as a coincident indicator, the CCI reading above +100 would reflect strong price action which may signal an uptrend. On the flip side, a reading below -100 may signal a downtrend reflecting weak price action. Using the CCI as a leading indicator, technical analysts may use a +100 reading as an overbought signal and a -100 reading as an oversold indicator, suggesting a trend reversal.
Relative Strength Index (RSI)
The RSI, or Relative Strength Index, is a widely used technical momentum indicator that compares price movement over time. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, AAPL’s 14-day RSI is currently at 62.72, the 7-day stands at 57.67, and the 3-day is sitting at 51.22. The relative strength index (RSI) was developed by J. Welles Wilder and published in a 1978 book, New Concepts in Technical Trading Systems, and in Commodities magazine (now Futures magazine) in the June 1978 issue. It has become one of the most popular oscillator indices. The RSI provides signals that tell investors to buy when the stock is oversold and to sell when it is overbought.
Currently, the 14-day ADX for Apple, Inc. (AAPL) is sitting at 30.61. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. A value of 25-50 would support a strong trend. A value of 50-75 would identify a very strong trend, and a value of 75-100 would lead to an extremely strong trend. ADX is used to gauge trend strength but not trend direction. Traders often add the Plus Directional Indicator (+DI) 32.36 and Minus Directional Indicator (-DI) 24.81 to identify the direction of a trend.
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