Apple Came Into Today Up 0.41%

The Hourly View for Apple

  • Currently, AAPL’s price is down $-0.07 (-0.05%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
  • Price action traders may also wish to note that we see a pin bar candlestick pattern on Apple. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • Currently, AAPL’s price is up $0.62 (0.41%) from the day prior.
  • This is a reversal of the price action on the previous day, in which price moved down.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence between AAPL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AAPL’s price.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled Apple is moving up you may find interesting:

Apple is moving up after the accumulation zone. I expect a rebound from support and a move above 153.20

MakarovTrade