The Tide May Be Shifting for Apple as it Crosses Below Its 100 Day Moving Average

The Daily View for Apple

  • At the moment, AAPL’s price is down $-0.03 (-0.02%) from the day prior.
  • This move is a reversal from the day prior, which saw price move down.
  • From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes.
  • Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, with price now being above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Apple’s hourly price chart is shown below.

AAPL

The Daily View for Apple

  • Currently, AAPL’s price is up $0.49 (0.39%) from the day prior.
  • Apple has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe.
  • Regarding moving averages, it should first be noted that price has crossed the 100 day moving average, resulting in them with price now being above it. 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 Long you may find interesting:

Apple(NAS100) – As the Nasdaq increases in price following it’s seasonal chart, this will help move apple higher.Price action wise, on the Daily timeframe we can start to see we’ve now created a Higher Low; wh…

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