Apple is Down for the 3rd Day in a Row

The Hourly View for Apple

  • At the time of this writing, AAPL’s price is up $0.29 (0.2%) from the hour prior.
  • The hourly chart shows that Apple has seen 2 straight up hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
  • Most noteworthy in the world of moving averages on the hourly chart is that the 100 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • At the time of this writing, AAPL’s price is down $-0.67 (-0.47%) from the day prior.
  • The daily chart shows that Apple has seen 3 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between AAPL’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in AAPL’s price.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

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