Technical Analysis for Apple and Its Peers

Moving averages for Apple and its peers

On June 27, 2017, Apple (AAPL) was trading 0.19% below its 100-day moving average. Apple’s stock price is currently ~3.5% below its 20-day moving average and ~3.5% below its 50-day moving average.

Among Apple’s peers, Nokia (NOK) traded ~4.7% above its 100-day moving average, and Cisco Systems (CSCO) traded ~3.8% below its 100-day moving average. GoPro (GPRO) traded ~9.6% below its 100-day moving average, and Fitbit (FIT) traded 11.5% below its 100-day moving average.

Technical Analysis for Apple and Its Peers

Analyst recommendations

Of the 45 analysts covering Apple (AAPL), 33 recommended a “buy,” and 12 recommended a “hold.” There were no “sell” recommendations.

Analysts’ stock price target for the company is $158.70, and its median price target is $163.00. Apple is currently trading at a discount of 11.8% from its median target.

Relative strength index

For the last 14 days, Apple reported an RSI (relative strength index) reading of 27. In comparison, Nokia, Cisco Systems, GoPro, and Fitbit reported RSI levels of 32, 53, 42, and 52, respectively, during the same period. RSI is a tool that measures the speed and price change movements of a stock.

Dividend yields

Apple’s annual dividend yield was ~1.8%. The dividend yield measures a company’s annual dividend per share compared to its price per share. This metric reflects the amount of cash an investor receives for each dollar invested in a company’s equity.