Apple Inc (AAPL) Up 0.75%; Breaks Above 50 Day Average

The Hourly View for AAPL

Last Updated November 26, 2020, 12:20 GMT

Currently, AAPL’s price is up $1.29 (1.12%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. Regarding the trend, note that the strongest trend exists on the 50 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 came into today up 0.75% ($0.86) from the open of yesterday, marking the 2nd day in a row an increase has occurred. 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. Here is a daily price chart of Apple Inc.

AAPL

Apple Inc Technical Analysis

First things first: Apple Inc crossed above its 50 day moving average yesterday. For another vantage point, consider that Apple Inc’s price has gone up 5 of the previous 10 trading days.

Overheard Around the Web

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

    $AAPL $MSFT $ACCO $DELL Global Docking Station Market (2020 to 2024) – Industry Trends, Share, Size, Growth, Opportunity and Forecast

    Read and Vote! This insight is:
    1. 🐂Positive: https://quantisnow.com/insight/182586?v=0
    2. 👽Neutral: https://quantisnow.com/insight/182586?v=1
    3. 🐻Negative: https://quantisnow.com/insight/182586?v=2

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    Quantisnow