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|It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -3.92 points, or -2.24%, and closed at 171.05 on Friday, December 01, 2017. Weekly volume was 30% above 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 176.24 on November 8, 2017. AAPL gained -86.77 points, or -96.98%, in 77 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 166.80 and resistance is at 174.80. 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 long-term trend.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on September 25, 2017 at 149.16 and reached 176.24 on November 8, 2017. AAPL gained -27.08 points, or -18.16%, in 6 weeks. The price is now at the 19.17% retracement level.
Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 link to access Lane's Stochastic help.
The weekly MACD line is above its signal line since November 3, 2017. This is an indication that the medium-term trend is up. 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 November 24, 2017 at 175.50 and reached 167.16 on November 29, 2017. AAPL lost 8.34 points, or 4.75%, in 5 days. The price is now at the 46.64% retracement level.
Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 14, 2017. This is an indication that the short-term trend is down.
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 is close to the moving average in the center of the Bollinger Bands. 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.