The Greedy Trader Weekly Analysis
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Yearly Pattern:Rising Channel
Number of records: 15
Symbol:  

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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
Apple Computer
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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal line
Daily :Relative Strength Index is overboughtWilliams' Percentage Range and Lane's Stochastic are strongly overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
Move cursor over the icon to see details.

It was a second consecutive positive week for the Apple Computer (AAPL). During the week, the AAPL gained 4.76 points, or 2.59%, and closed at 188.59 on Friday, May 11, 2018. AAPL was trading at average weekly trading volume.

AAPL is a member of Technology Sector. 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 April 27, 2018 at 160.63 and reached 190.37 on May 10, 2018. AAPL gained -29.74 points, or -18.51%, in 1 weeks. The price is now at the 5.99% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on May 12, 2016 at 89.47 and reached 190.37 on May 10, 2018. AAPL gained -100.90 points, or -112.78%, in 104 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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.

During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. Use the following link to access a MACD help.

Short-term trend: [See AAPL short-term trend chart]
A short-term uptrend had started on April 27, 2018 at 160.63 and reached 190.37 on May 10, 2018. AAPL gained -29.74 points, or -18.51%, in 13 days. The price is now at the 5.99% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and Lane's Stochastic. Use the following links to access Lane's Stochastic and Relative Strength Index help.

The daily MACD line is above its signal line since May 1, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.

The distance between the Bollinger Bands is 120.76% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 83.69
Overbought
Williams' Percentage Range (W%R) 3.00
Strong Overbought
Lane's Stochastic (%D-Slow) 95.07
Strong Overbought
Greed/Fear Indicator (GFI) 91.93
Strong Overbought
Moving Average Converg./Diverg. (MACD) 2.12
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.41
Williams' Percentage Range (W%R) 2.20
Strong Overbought
Lane's Stochastic (%D-Slow) 57.78
Greed/Fear Indicator (GFI) 71.19
Moving Average Converg./Diverg. (MACD) 3.39
Trading Signals
Description Value Chart
Upper Bollinger Band 196.35
Daily Stochastic Crossing 189.73
Price 188.59
Weekly Stochastic Crossing 177.04
20 Day Moving Average 174.88
Parabolic System 174.45
50 Day Moving Average 173.99
Lower Bollinger Band 158.83
Sector and Industry
Description Name Rank
Sector Technology 8
Industry Personal Computers 153
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 160.63
Low Date 04/27/2018
High 190.37
High Date 05/10/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.63
Low Date 04/27/2018
High 190.37
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.63
Low Date 04/27/2018
High 190.37
High Date 05/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.63
Low Date 04/27/2018
High 190.37
High Date 05/10/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.47
Low Date 05/12/2016
High 190.37
High Date 05/10/2018
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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