Apple is Up for the 2nd Day in a Row

The Daily View for Apple

  • At the time of this writing, AAPL’s price is up $1.18 (0.96%) from the day prior.
  • This is the 2nd day in a row Apple has seen its price head up.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Of note is that the 100 day changed directions on AAPL; it is now pointing up. 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.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • Currently, AAPL’s price is up $1.13 (0.93%) from the day prior.
  • Apple has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend 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.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled apple —> will move up you may find interesting:

Apple formed a morning star pattern today , with increased volume and green candle , i believe that tomorrow will be a green day. I believe apple has been under consolidation since past 4 week . It should start moving up and will have some consolidation and red candles near 127 area.Idea is for entertainment and not a trading advice

aksfintech