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- 1/8/2021 -
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Apple Computer (AAPL)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL gave back -0.64 points, or -0.48%, and closed at 132.05 on Friday, January 8, 2021. It was the worst weekly loss since November 27, 2020. Weekly volume was 66% above average.

AAPL is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AAPL long-term trend chart]
A long-term downtrend had started on August 24, 2020 at 515.14 and reached 103.10 on September 21, 2020. AAPL lost 412.04 points, or 79.99%, in 4 weeks. The price is now at the 7.03% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on November 2, 2020 at 107.32 and reached 138.79 on December 29, 2020. AAPL gained -31.47 points, or -29.32%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 122.47 and resistance is at 142.25. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 18, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See AAPL short-term trend chart]
A short-term downtrend had started on December 29, 2020 at 138.79 and reached 126.38 on January 6, 2021. AAPL lost 12.41 points, or 8.94%, in 8 days. The price is now at the 45.69% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

The distance between the Bollinger Bands is falling, and it was 11.84% on Friday. It is 78.56% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 55.13
Williams' Percentage Range (W%R) 34.10
Lane's Stochastic (%D-Slow) 31.65
Greed/Fear Indicator (GFI) 50.88
Moving Average Converg./Diverg. (MACD) 2.51
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.70
Williams' Percentage Range (W%R) 92.90
Strong Oversold
Lane's Stochastic (%D-Slow) 84.96
Overbought
Greed/Fear Indicator (GFI) 49.01
Moving Average Converg./Diverg. (MACD) -48.00
Trading Signals
Description Value Chart
Monthly Trendline Resistance 142.25
Parabolic System 137.27
Upper Bollinger Band 136.81
Weekly Stochastic Crossing 134.76
Price 132.05
Daily Stochastic Crossing 130.08
20 Day Moving Average 129.47
Monthly Trendline Support 122.47
50 Day Moving Average 122.45
Lower Bollinger Band 121.15
Sector and Industry
Description Name Rank
Sector Information Technology 9
Industry Technology Hardware, Storage & Peripherals 80
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 126.38
Low Date 01/06/2021
High 132.63
High Date 01/08/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 138.79
High Date 12/29/2020
Low 126.38
Low Date 01/06/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 142.25
Support 122.47
Low 107.32
Low Date 11/02/2020
High 138.79
High Date 12/29/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.10
Low Date 09/21/2020
High 138.79
High Date 12/29/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 515.14
High Date 08/24/2020
Low 103.10
Low Date 09/21/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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