A look at AAPL technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 40.02 point. Its trading volume has lost -7876854 shares compared to readings over the past three months as it recently exchanged 36943146 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 44820000 shares, and this is 0.82 times the normal volume.
Apple Inc. (NASDAQ:AAPL) dipped by -32.21% over the past three months which led to its overall six-month decrease to stand at -18.14%. The equity price rose 8.17% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a -9.32% fall over the past 30 days. Over the past 12 months the stock has embarked on a drop that has seen it decline -11.78% and is now down by -2.5% since start of this year.
Experts from research firms are bullish about the near-term performance of Apple Inc. (AAPL) with most of them predicting a $218.78 price target on a short-term (12 months) basis. The average price target by the analysts will see a 42.25% rise in the stock and would lead to AAPL’s market cap to surge to $1104.84B. The stock has been rated an average 2.2, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 41 analysts that track Apple Inc. (NASDAQ:AAPL) and find out that 21 of them rated it as a Hold. 20 of the 20 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.
Analysts have predicted a price target for Illinois Tool Works Inc. (ITW) for 1 year and it stands at an average $137.05/share. This means that it would likely increase by 4.27% from its current position. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $115. On the other hand, one analyst is super bullish about the price, setting a target as high as $161.
Analysts view Illinois Tool Works Inc. (NYSE:ITW) as a Hold, with 2.8 consensus rating. Reuters surveyed 21 analysts that follow ITW and found that 16 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 4 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Illinois Tool Works Inc. (ITW) shares or sell it if they already own it.