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Where Is Apple Trading Compared to Its Moving Averages?

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Shareholder returns and stock trends

US-based (SPY) Apple (AAPL) has generated investor returns of -22.47% in the trailing-12-month period and -0.1% in the trailing-one-month period. By comparison, AAPL generated -3% in 2015, and it has generated -7.4% YTD (year-to-date), as of July 12, 2016. The company’s share price fell by 3% in the trailing-five-day period.

By comparison, Western Digital (WDC), Seagate Technology (STX), and Hewlett-Packard (HPQ), Apple’s peer companies in the technology hardware and storage subsector, generated returns of -44%, -42.3%, and -33%, respectively, in 2015.

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Moving averages

On July 12, 2016, Apple closed the trading day at $97.42. Based on this figure, here’s how the stock fared in terms of moving averages:

  • 2.6% below its 100-day moving average of $100.03
  • 1.6% above its 50-day moving average of $95.87
  • 1.9% above its 20-day moving average of $95.63

MACD and RSI

A company’s MACD (moving average convergence divergence) is the difference between its short-term and long-term moving averages. Apple’s 14-day MACD is -0.55. This negative figure indicates a downward trading trend.

The company’s 14-day RSI (relative strength index) is 56, which shows that its stock has been slightly overbought. 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.

Analyst recommendations

Of the 51 analysts covering Apple’s stock, 42 have given it “buy” recommendations, whereas two have given “sell” recommendations, and 11 have recommended “holds.”

The analyst stock price target for Apple is $123, with a median target estimate of $121. Apple is now trading at a discount of 24% to its median estimate.

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