The Hourly View for AAPL
Last Updated January 5, 2021, 02:016 GMT
At the moment, Apple’s price is down $-1.26 (-0.95%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 came into today down 2.47% ($3.28) from the open of yesterday, marking the 4th consecutive day a decline has happened. The price move occurred on volume that was up 38.52% from the day prior, but down 18.93% from the same day the week before. Let’s take a look at the daily price chart of Apple Inc.
Apple Inc Technical Analysis
Coming into today the current price of Apple Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 down 6 of the previous 10 trading days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about AAPL:
$AAPL Jan 04
= Daily stock market timing forecast =
◆ Investment position
=> Neutral – Bearish
◆ Search for the daily stock market timing forecast
◆ Upper~Lower stock price band for the next 10 days
Price: 127.94 ~ 130.74
% Change: -1.14% ~ 1.03%
◆ Today's Supply-Demand(S&D) strength
=> Supply-Demand strength has changed from a weak selling flow to a strengthening selling flow again.
◆ Daily Supply-Demand(S&D) strength Trend
=> In the midst of a downward trend of strong downward momentum price flow marked by temporary rises and strong falls.