Apple is growing its five-day winning streak and is trading at $178.75, gaining 0.82%.

The mobile and tech colossus gaining 0.82% and hovering around the $178.75 level.

Apple is currently trading at $178.75 following the release of JOLTs Job Openings (Apr) data from the United States.

Apple's uptick comes amid good United States macroeconomic data released during the day — highly important Consumer Confidence data from United States beat analyst expectations of 99 with a reading of 102.3.

At the same time, United States JOLTs Job Openings (Apr) came out at 10.10 million, while a consensus of analysts was expecting 9.78 million. United States OPEC Crude Oil Production Algeria (Barrel) released today at 14:15 UTC with a figure of 960,000, while the previous figure was 1,000,000.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. Apple has just crossed its upper Bollinger Band® at $178.69, suggesting further gains could be on the cards. On the other hand, note that Apple could be slowing down soon as it approaches resistance at $178.65. Of course, crossing it might suggest further gains are ahead.

Overall, looking at the technical analysis landscape, it seems Apple might continue pointing upwards in the short term.

A look at other technology stocks also shows bullish price action as Intel gained 3.98%, currently at $31.18. Intuit is up 2.94% to $418.03.

While Apple is higher so far today, these technology stocks are struggling: after closing the previous session (yesterday) at $125.27, AMD lost $6 and is trading around $119.28.

Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.10 million. It previously stood at -12.46 million; data will be released tomorrow at 15:00 UTC.

Furthermore, the market is looking at United States Initial Jobless Claims projected to come out at 235,000 — worse than previous data of 229,000; data will be released tomorrow at 12:30 UTC.

Also worthy of note, United States ADP Nonfarm Employment Change (May) scheduled to come out tomorrow at 12:15 UTC.

The stock has been trending positively for about 2 months. Apple hit a significant low of $125 around 4 months ago, but has since recovered 41.82%.