Apple is Up for the 3rd Day in a Row

The Hourly View for Apple

  • Currently, AAPL’s price is up $0.21 (0.17%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Apple has now gone up 5 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Apple. Given that we see an uptrend on the 20, 10 and 5 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • 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

  • Currently, AAPL’s price is up $1.52 (1.21%) from the day prior.
  • It’s been a feast for bulls operating on the daily timeframe, as Apple has now gone up 4 of the past 5 days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • Of note is that the 20 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.

Below is a daily price chart of Apple.

AAPL

Featured Apple Idea From TradingView

Below is a trading comment entitled Apple Could Be Squeezing Toward a Rally you may find interesting:

Apple has been a frustrating stock for most of the year, but now it may be squeezing toward another rally.The first pattern on today‚Äôs chart is its super-tight Bollinger bandwidth, which yesterday was the narrowest since December 2019. That could suggest price is overdue for a move.But which way will it go? MACD just turned positive (the second pattern), which could indicate the move will be higher.Third, AAPL has held its 200-day simple moving average (SMA). Notice the false breakdown below that line on Thursday, which…

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