Apple (AAPL) Price Near $127.33; Breaks Below 20 Day Average

The Hourly View for AAPL

Last Updated January 15, 2021, 23:14 GMT

Currently, Apple’s price is up $0.11 (0.09%) from the hour prior. The hourly chart shows that Apple has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 20 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

The back and forth price flow continues for Apple Inc, which started today off at 128.91 US dollars, down 1.51% ($1.98) from the day prior. This move happened on lower volume, as yesterday’s volume was down 2.04% from the day before — and down 10.9% from the same day the week before. Here is a daily price chart of Apple Inc.

AAPL

Apple Inc Technical Analysis

Moving average crossovers are always interesting, so let’s start there: Apple Inc crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. If you’re looking to trade the primary trend, this may be a good opportunity to buy dips created by the counter trend. For additional context, note that price has gone down 16 out of the past 30 days.

Overheard Around the Web

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

    $CCIV $NIO $PLUG $AAPL $TSLA Who here has transferred stocks from Robinhood to Webull? Were you using margin at the time of your transfer? Did the margin transfer over with it?

    I started to transfer then got "account violates policy of receiving firm" from Webull and the transfer was rejected.. Meanwhile Robinhood now shows an account deficit. When I open my account and look it seems as tho I'm no longer on Robinhood Gold anymore.

    All of this happened during transfer, any ideas? I'll post the account screenshots up to give you a better idea of what I'm seeing on my end.

    Ass pics always get attention 🤷

    brudacille