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Advanced TA SearchArchive - 4/19/2024 - Sign In to see current Signals. |
Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -11.55 points, or -6.54%, and closed at 165.00 on Friday, April 19, 2024. Weekly volume was 8% above average. 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 (189.96) 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 December 14, 2023 at 199.62 and reached 164.08 on April 19, 2024. AAPL lost 35.54 points, or 17.80%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (164.85) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend. 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 relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 12, 2024 at 178.36 and reached 164.08 on April 19, 2024. AAPL lost 14.28 points, or 8.01%, in 7 days. The price is now at the 6.44% retracement level. 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. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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.
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