Apple (AAPL) Price Near $130.89; Breaks Above 20 Day Average, in an Uptrend Over Past 30 Days

The Hourly View for AAPL

Last Updated January 8, 2021, 02:021 GMT

Currently, Apple’s price is up $2.33 (1.84%) from the hour prior. The hourly chart shows that Apple has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 entered today at $130.92, up 3.41% ($4.32) from the previous day. This move happened on lower volume, as yesterday’s volume was down 32.96% from the day before — and down 16.48% from the same day the week before. The daily price chart of Apple Inc below illustrates.

AAPL

Apple Inc Technical Analysis

Notably, Apple Inc crossed above its 20 day moving average yesterday. 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 additional context, note that price has gone up 7 out of the past 14 days.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to AAPL:

    @Robinhooders Are you shitting me $33.92 and it’s only a little over $20 right now!! Most under valued stock on the market. I’m talking about $GNOG a online casino with real live dealers. Don’t wait til it’s in the $30’s to jump in on this bad boy. Got a low float and ready to run! So get on your $AAPL phones and get ready to buy in. I’m getting In my old $F truck first thing in the morning to get some more money with a cash advance on my $V card. All joking a side look it up and tell me this is not a buy at this level. Golden Nugget Online Gaming actually makes money now and is coming to more states this year. https://investorplace.com/2021/01/gnog-stock-is-worth-33-92-per-share-or-65-percent-more-than-today/

    DIAMONDJIM524