Move cursor over the icon to see details.
|It was a fourth positive week after 3 consecutive negative weeks for the Apple Computer (AAPL). During the week, the AAPL gained 3.77 points, or 2.14%, and closed at 179.98 on Friday, March 09, 2018. AAPL was trading at average weekly trading volume. |
AAPL is a member of Technology Sector. Technology is the 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 May 12, 2016 at 89.47 and reached 180.62 on February 28, 2018. AAPL gained -91.15 points, or -101.88%, in 93 weeks. Price is near the trend high.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on February 28, 2018 at 180.62 and reached 172.45 on March 2, 2018. AAPL lost 8.17 points, or 4.52%, in 0 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (175.48) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AAPL may retest the broken resistance line. It is considered to be a support 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 resistance line in a medium-term trend.
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.
The weekly MACD line is below its signal line since January 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 March 7, 2018 at 174.27 and reached 180.00 on March 9, 2018. AAPL gained -5.73 points, or -3.29%, in 2 days. Price is near the trend high.
Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
The daily MACD line is above its signal line since February 13, 2018. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
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.