Apple Inc. (NASDAQ:AAPL) best single-day performance in five years
Apple (AAPL) had its best single-day performance at the stock market today, seeing a 7.04% rise, the highest in one day since April 2014. The Dow Jones rose over 1,000 points, as the entire market — particularly FAANG stocks — rebounded after a tumultuous few bearish days.
Tesla (TSLA) also saw significant gains today, rising to over $300 a share after losing 21% of its value over the previous weeks.
Apple is currently sitting at around $157 per share, about $10 higher than its $146.83 closing price from December 24, the last active trading day. Though most of the market has had a tough end-of-year, the gains today resulted in the Dow increasing to 22,878 points, a big up from the 21,792 points it closed with on the 24th.
Alphabet (GOOGL) also finished strongly today at $1,039.46, gaining about $63 from the 24th’s abysmal $976.22 closing.
As for Apple, its stock hit $168.49 earlier this month, resulting in it being valued less than what it was a year prior.
Overall, the bias in prices is: Downwards.
Note: this chart shows extraordinary price action to the downside.
By the way, prices are vulnerable to a correction towards 185.79.
The projected upper bound is: 170.82.
The projected lower bound is: 140.93.
The projected closing price is: 155.87.
A big white candle occurred. This is generally considered bullish, as prices closed significantly higher than they opened. If the candle appears when prices are “low,” it may be the first sign of a bottom. If it occurs when prices are rebounding off of a support area (e.g., a moving average, trendline, or retracement level), the long white candle adds credibility to the support. Similarly, if the candle appears during a breakout above a resistance area, the long white candle adds credibility to the breakout.
During the past 10 bars, there have been 3 white candles and 7 black candles for a net of 4 black candles. During the past 50 bars, there have been 23 white candles and 27 black candles for a net of 4 black candles.
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 19.6960. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20 The last signal was a buy 11 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 36.45. This is not a topping or bottoming area. However, the RSI just crossed above 30 from a bottoming formation. This is a bullish sign. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 0 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -108.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 5 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 3 period(s) ago.
Rex Takasugi – TD Profile
APPLE INC closed up 10.340 at 157.170. Volume was 50% above average (neutral) and Bollinger Bands were 44% wider than normal.
Open High Low Close Volume___
148.300 157.230 146.720 157.170 58,582,544
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
Moving Averages: 10-period 50-period 200-period
Close: 160.80 190.04 193.62
Volatility: 59 51 36
Volume: 49,167,504 43,698,024 32,810,412
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
APPLE INC is currently 18.8% below its 200-period moving average and is in an downward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of AAPL.O at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on AAPL.O and have had this outlook for the last 52 periods. Our momentum oscillator has set a new 14-period high while the security price has not. This is a bullish divergence.
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