Apple (AAPL) Closes Last Hour Up $0.27; Heads Down For the 2nd Consecutive Day

The Hourly View for AAPL

Last Updated January 21, 2021, 23:21 GMT

At the time of this writing, Apple’s price is up $2.86 (2.16%) from the hour prior. Apple has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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 closed the previous day down 1.37% ($1.77); this denotes the 2nd consecutive day a decrease has occurred. The change in price came along side change in volume that was up 23.69% from previous day, but down 28.04% from the Wednesday of last week. Let’s take a look at the daily price chart of Apple Inc.

AAPL

Apple Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. For another vantage point, consider that Apple Inc’s price has gone down 9 of the previous 14 trading days.

Overheard Around the Web

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

    $DUK $GPNT $AAPL $GM
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    Gaurdianth