Apple at 207 is fully valued according to a DCF valuation, no room to move higher into overvalued territory. Apple's iPhone sales are in decline from their latest form 10Q and the services business is growing slowly. I think the trade war with China has affected Apple's earnings and growth, also competition from Samsung and other cheaper phones. The iPhone is now a mature product, it has everything people want and sales of lower models are popular as people don't want to spend $1000+ for a phone. Apple's shares may fall to the lower channel line before consolidating there. The RSI, ROC and MACD are all topping out indicating weakness. Apple will announce its next quarterly earnings on Monday. If they disappoint, expect a fall in share price.
Also, I think the earnings growth rate projections are too high. 10% pa growth in earnings is too high for a company that is so large with a mature product (iPhone) and so many competitors. Keep in mind a Samsung Galaxy A30 smartphone costs only $300, much lower than an Apple's iPhone and has better battery life and the same functionality. Apple's products are overvalued and together with its share price will fall.
Also, I think the earnings growth rate projections are too high. 10% pa growth in earnings is too high for a company that is so large with a mature product (iPhone) and so many competitors. Keep in mind a Samsung Galaxy A30 smartphone costs only $300, much lower than an Apple's iPhone and has better battery life and the same functionality. Apple's products are overvalued and together with its share price will fall.