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Where Is Apple Trading Compared with Its Moving Averages?

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Nov. 3 2016, Updated 7:04 a.m. ET

Shareholder returns and stock trends

As of October 26, 2016, US-based (SPY) Apple (AAPL) had generated investor returns of -4.1% in the trailing-12-month period and 2.2% in the trailing-one-month period. In comparison, it generated -3% in 2015 and has generated 9.7% YTD (year-to-date). The company’s share price fell 1.3% in the trailing-five-day period.

In comparison, Western Digital (WDC), Seagate Technology (STX), and HP (HPQ), peer companies in the technology hardware and storage subsector, generated returns of -44.3%, -42.3%, and -33%, respectively, in 2015.

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Moving averages

On October 26, Apple closed the trading day at $115.59. Based on this figure, here’s how the stock fared in terms of its moving averages:

  • 9.1% above its 100-day moving average of $105.96
  • 3.2% above its 50-day moving average of $112.05
  • 0.06% below its 20-day moving average of $115.66

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 1.8. This positive figure indicates an upward trading trend.

The company’s 14-day RSI (relative strength index) is 65, 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.

Analyst recommendations

Of the 54 analysts covering Apple’s stock, 44 have given it “buy” recommendations, three have given it “sell” recommendations, and seven have given it “hold” recommendations. The analyst stock price target for the company is $130.46, and the median target estimate is $130. Apple is trading at a discount of 12.5% to its median estimate.

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