The price of Apple Inc. (NASDAQ:AAPL) over the past year has increased 46.39% while the S&P 500 has increased 18.38%. During the past 20 days, AAPL has decreased -2.02% while the broad market has increased 2.67%. AAPL ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. AAPL’s average trading volume during the past 20 days is lower than the average volume over the past 100 days, which could be an indication that investors are feeling less certain than usual about the direction of AAPL’s future price movements.

Recent trading patterns in the stock of Apple Inc. (AAPL) have investors on high alert. The idea that stock performance can best be predicted by analyzing past trading data is a widely held view among financial professionals. In the case of AAPL, the data could have some interesting implications for future performance. In the most recent quarter, institutional ownership decreased by a net of 50.77 million shares, or 1.61%.This is a bearish sign and indicates that institutions are feeling more pessimistic about the outlook for AAPL overall.970 holders increased their positions, 1,413 decreased their positions, and 212 holders held their positions.

Among institutions that increased their positions, 85 were new positions. Among holders that decreased their positions, 62 sold out of the stock Apple Inc.. Insider ownership during the latest quarter decreased by a net of 796323 shares, indicating that AAPL’s key executives are feeling more bearish about the stock than they did three months ago. 2 or 8.7% of the trades during the past quarter were buys, and 21 or 91.3% were sells. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has decreased by a net of 3.16 million shares. 3.85% of insider trades in the last 12 months were buys, and 96.15% were sells.

Apple Inc. (NASDAQ:AAPL) has a 20-day RSI of 50.21%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. AAPL’s 9-day MACD currently sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. AAPL’s average trading volatility during the past few weeks is -1.47% lower than the average volatility over the past 100 days. This means that the stock’s daily price swings have been less extreme in recent times compared to the past.

Analysts expect Apple Inc. (AAPL) to generate earnings per share of $11.18 in 2017. This works out to an increase of 21.39% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for AAPL on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 4.17 or a Moderate Buy. Three months ago, analysts assigned AAPL a 4.26 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.