Shareholder returns and stock trends
US-based (SPY) Apple (AAPL) generated investor returns of -7.6% in the trailing 12-month period and -3% in the trailing one-month period. In comparison, it generated returns of -3% in 2015 and -1.7% YTD (year-to-date). The company’s share price fell -1.1% in the trailing five-day period.
In comparison, Western Digital (WDC), Seagate Technology (STX), and Hewlett-Packard (HPQ)—Apple’s peers in the technology hardware and storage subsector—generated returns of -44.3%, -42.3%, and -33%, respectively, in 2015.
On September 8, 2016, Apple closed the trading day at $105.52. Based on this figure, here’s how the stock fared in terms of its moving averages:
- 5.3% above its 100-day moving average of $100.25
- 2% above its 50-day moving average of $103.46
- 2.2% below its 20-day moving average of $107.87
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 1.5. This positive figure indicates an upward trading trend.
The company’s 14-day RSI (relative strength index) is 59, which shows that its stock has been somewhat overbought. Generally, if an RSI is above 70, it indicates that a stock has been overbought. An RSI figure below 30 suggests that a stock has been oversold.
Of the 52 analysts covering Apple’s (AAPL) stock, 44 have given it “buy” recommendations, three have given it “sell” recommendations, and five have given it “hold” recommendations.
The analyst stock price target for the company is $123, with a median target estimate of $120. Apple is trading at a discount of 16.7% to its median estimate.