Over 84% of Analysts Still Bullish on Apple

Apple (AAPL) stock has returned 46.44% in the last 12 months, 3.6% in the last month, and 3.80% in the last five trading days. Apple stock rose 11.0% in 2016 and ~48.0% in 2017. Since the start of 2018, it has risen close to 35.0%.

Of the 38 analysts tracking Apple, 32 recommended a “buy,” six recommended a “hold,” and none recommended a “sell” on the stock. Analysts’ 12-month average price target for Apple is $233.56, and the median estimate is $234.00. Apple is trading at a 4.0% discount to analysts’ median estimate.

As of September 27, Apple was trading at $225.86. Based on that price, the stock was trading as follows:

• 13% above its 100-day moving average of $200.49
• 6.5% above its 50-day moving average of $212.59
• 2% above its 20-day moving average of $222.36

Apple’s 14-day MACD (moving average convergence divergence) is 1.75. A stock’s MACD is the difference between its short-term and long-term moving averages. Apple’s positive MACD score indicates an upward trading trend.

Apple has a 14-day RSI (relative strength index) score of 61, which shows that the stock is trading close to overbought territory. An RSI score above 70 indicates that a stock has been overbought, while an RSI score below 30 indicates that a stock has been oversold.