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Advanced TA SearchArchive
- 4/5/2024 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -1.90 points, or -1.11%, and closed at 169.58 on Friday, April 5, 2024. Weekly volume was -16% below average.
AAPL is a member of Information Technology Sector. Information Technology is the second 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 uptrend had started on January 3, 2023 at 124.17 and reached 199.62 on December 14, 2023. AAPL gained -75.45 points, or -60.76%, in 49 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (187.94) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AAPL may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on January 24, 2024 at 196.38 and reached 168.23 on April 2, 2024. AAPL lost 28.15 points, or 14.33%, in 9 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since January 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 March 20, 2024 at 178.67 and reached 168.23 on April 2, 2024. AAPL lost 10.44 points, or 5.84%, in 13 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (167.50) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.
 Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since March 15, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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