Apple (AAPL) Price Near $130.97; 4 Day Down Streak Ended

The Hourly View for AAPL

Last Updated January 6, 2021, 02:011 GMT

At the moment, Apple’s price is up $1.83 (1.41%) from the hour prior. This is the 3rd consecutive hour Apple has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Apple Inc Daily Price Recap

Apple Inc is up 1.24% ($1.6) since the previous day, marking a reversal from the day prior — and the end of a 4 day negative run. The price move occurred on volume that was down 34.82% from the day prior, but up 6.52% from the same day the week before. The daily price chart of Apple Inc below illustrates.

AAPL

Apple Inc Technical Analysis

Notably, Apple Inc is now close to its 20 day averages, located at 128.49 respectively, and thus may be at a key juncture along those timeframes. Volatility for Apple Inc has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For another vantage point, consider that Apple Inc’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about AAPL:

    $SPY $AAPL $TSLA $QQQ $MSFT GOP is lagging because of the theatrics of our POTUS, particularly Loeffler's support to overturn the election.

    Still 49% more votes to be counted and let's see what happens… Futures aren't looking great.

    I really want GOP to control the senate but looks like the POTUS theatrics is too much to handle for the people of Georgia, I guess.

    So, free money is going to flow from the sky for the next 2 years and the tech/taxes will share the limelight going forward.

    RainGater