Apple Inc (AAPL) Down 3.07%, in an Uptrend Over Past 30 Days; Bearish Engulfing Pattern Present

Apple Inc 4 Hour Price Update

Updated June 29, 2020 04:41 PM GMT (12:41 PM EST)

AAPL’s price is up $6.85 (1.94%) over the past four hours of trading. To help put that in perspective, note that Apple Inc’s peers in the in the Computers industry are up 1.33% on average during this time, while its peers in the broader Technology sector are up by an average of 1.41%.

Apple Inc Daily Price Recap

The choppiness in the recent daily price action of Apple Inc continues; to start today, it came in at a price of 353.63 US dollars, down 3.07% ($11.21) since the day prior. The price move occurred on stronger volume; specifically, yesterday’s volume was up 50.68% from the day prior, and up 79.41% from the same day the week before. Here is a daily price chart of Apple Inc.

Apple Inc Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days Apple Inc’s price has gone up 9 them. Traders may also wish to note that there is a bearish engulfing pattern in play, which suggests the uptrend on the 30, 14 and 90 day charts, may be slowing down and ready to reverse.

Overheard Around the Web

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

    $AAPL $NVDA Nvda $380 to $356 to $367 = $35 move , crazy

    Apple as well – $372 to $351 to $362 ~ $32 move in two days

    Only if we could know this pattern but we won’t as large funds move these

    jayjogia