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|It was the negative week for the Apple Computer (AAPL). During the week, the AAPL gave back -0.46 points, or -0.22%, and closed at 207.53 on Friday, August 10, 2018. It was the worst weekly loss since June 22, 2018. Weekly volume was -17% below average. |
Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on May 12, 2016 at 89.47 and reached 209.78 on August 9, 2018. AAPL gained -120.31 points, or -134.47%, in 117 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (168.98) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on June 25, 2018 at 180.73 and reached 209.78 on August 9, 2018. AAPL gained -29.05 points, or -16.07%, in 6 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 206.75 and resistance is at 209.42. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Weekly Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 above its signal line since May 4, 2018. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend 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 August 9, 2018 at 209.78 and reached 206.67 on August 10, 2018. AAPL lost 3.11 points, or 1.48%, in 1 days. The price is now at the 27.65% retracement level.
Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic.
The daily MACD line is above its signal line since July 31, 2018.