Apple Inc (AAPL) Moves Up For the 2nd Straight Day; Breaks Above 50 Day Average

The Hourly View for AAPL

Last Updated November 27, 2020, 12:20 GMT

At the moment, AAPL’s price is up $1.29 (1.12%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50 and 100 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Apple Inc Daily Price Recap

Apple Inc closed yesterday up 0.75% ($0.86); this denotes the 2nd straight day it has gone up. This move happened on lower volume, as yesterday’s volume was down 32.68% from the day before — and down 16.4% from the same day the week before. The daily price chart of Apple Inc below illustrates.


Apple Inc Technical Analysis

First things first: Apple Inc crossed above its 50 day moving average yesterday. Or to view things another way, note that out of the past 10 days Apple Inc’s price has gone up 5 them.

Overheard Around the Web

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

    $AAPL Black Friday. For the first time in my NYC life. Ghost town. Not one car and no taxis. Took me a while. I had no problem getting into the 5th Ave AAPL store and I was the only customer. In fact so empty the city that it looks like Armageddon. Not sure if you have seen the Tom Cruise movie Vanilla Sky in which he walks out of his car and no one around. If I had a camera it was exactly like it. I was walking avenues and streets in the middle with no one around. What I did see is a ton of packages. I am assuming that people may be shopping online.