Apple Inc (AAPL) Up 1.16%, Price Base in Formation Over Past 30 Days; Nears 50 Day Moving Average

The Hourly View for AAPL

Last Updated November 25, 2020, 12:42 GMT

At the moment, AAPL’s price is down $-0.91 (-0.8%) from the hour prior. AAPL has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. 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 entered today at $115.17, up 1.16% ($1.32) from the previous day. The change in price came along side change in volume that was down 10.91% from previous day, but up 37.35% from the Tuesday of last week. Let’s take a look at the daily price chart of Apple Inc.


Apple Inc Technical Analysis

Coming into today Apple Inc is now close to its 20 and 50 day averages, located at 116.01 and 115.39 respectively, and thus may be at a key juncture along those timeframes. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone down 17 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:

    $SPY To answer @Tiberius009 question & why Day Trading is a losing game just ask any Pro. The setup today is design to beat any Retail Trader at home w/ his PC or iPhone. They have too much money, too much data & far better technology. A down day isn't a time to Sell just lik an up day isn't always a time to Buy. You can make money day trading, we've all done it but we have stats, we know where the big money is made & even Jim Simons & PTJ made money swing trading & holding.

    So when you see the folks telling you to sell/buy every few min's they're just talking. The real money for Retail is not in day trading