Apple Inc (AAPL) Moves Up For the 5th Straight Day

The Hourly View for AAPL

Last Updated December 2, 2020, 12:15 GMT

Currently, AAPL’s price is up $2.87 (2.4%) from the hour prior. The hourly chart shows that AAPL has seen 2 straight down hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50 and 100 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 is up 3.08% ($3.67) since the day prior, marking the 5th straight day it has gone up. The price move occurred on volume that was down 25.67% from the day prior, but up 69.9% from the same day the week before. Here is a daily price chart of Apple Inc.

AAPL

Apple Inc Technical Analysis

Or to view things another way, note that out of the past 10 days Apple Inc’s price has gone up 6 them.

Overheard Around the Web

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

    $AAPL Starting Capital for today to Day-Trade $3,095,657.67! I take Day-trades and re-invest my profits right back into the next trade!! I don't scale in and scale out. I don't use stops, and I use the 9-Day Simple moving average on the 1 minute chart to figure out my entry's and outs! It's that simple!!! So far this week I have made $288,605.25! All the best!! 🙂

    Smartmove2021