In the last three months, insider traders have sold around $19.97 million worth of shares, while short interest is at an all time high, at 37.23 million shares since last month.
The overbought state is confirmed also by comparing the future cash flow value and the current stock price. The former is at $182 per share while the latter is at $218, closely approaching an overbought state per data collected by SimplyWallStreet https://simplywall.st/stocks/us/tech/nasdaq-aapl/apple
Considering that from now on, analyst estimate that Apple will have an expected annual growth of only 3.9%, an increase in stock price would only be based on over-hyped sentiment from investors.
Is this the right time to sell Apple's stock? Not yet, since the indicator shows that its still in a rally, with also OBV increasing. Investors should wait until a decrease in both of these indicators, and also a forming of a new line which would indicate a new . Only then, Apples stock price would very probably go .