The Greedy Trader Weekly Analysis
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Apple Computer (AAPL)

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Summary:
Weekly :Relative Strength Index oversoldWilliams' Percentage Range is strongly oversold
Daily :Broken trend support lineThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -1.92 points, or -1.61%, and closed at 117.34 on Friday, November 20, 2020. Weekly volume was 23% 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 515.14 on August 24, 2020. AAPL gained -425.67 points, or -475.77%, in 223 weeks. The price is now at the 93.45% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on August 24, 2020 at 515.14 and reached 103.10 on September 21, 2020. AAPL lost 412.04 points, or 79.99%, in 4 weeks. Price is near the trend low.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index 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 Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since August 28, 2020. This is an indication that the medium-term trend is down. 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 November 2, 2020 at 107.32 and reached 121.99 on November 9, 2020. AAPL gained -14.67 points, or -13.67%, in 7 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (123.21) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since September 21, 2020. 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 12.1% on Friday. It is 77.93% lower than one year average. It indicates the period of low 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.14
Williams' Percentage Range (W%R) 22.80
Lane's Stochastic (%D-Slow) 60.64
Greed/Fear Indicator (GFI) 68.98
Moving Average Converg./Diverg. (MACD) -4.60
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 13.32
Oversold
Williams' Percentage Range (W%R) 96.20
Strong Oversold
Lane's Stochastic (%D-Slow) 36.71
Greed/Fear Indicator (GFI) 17.79
Oversold
Moving Average Converg./Diverg. (MACD) -43.17
Trading Signals
Description Value Chart
Upper Bollinger Band 125.56
Weekly Trendline Support 123.21
Weekly Trendline Resistance 120.19
Daily Stochastic Crossing 118.95
Price 117.34
20 Day Moving Average 116.14
Weekly Stochastic Crossing 115.47
50 Day Moving Average 115.43
Lower Bollinger Band 111.36
Parabolic System 110.88
Sector and Industry
Description Name Rank
Sector Information Technology 7
Industry Technology Hardware, Storage & Peripherals 54
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 120.99
High Date 11/16/2020
Low 116.81
Low Date 11/19/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 120.19
Support 123.21
Low 107.32
Low Date 11/02/2020
High 121.99
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.10
Low Date 09/21/2020
High 125.39
High Date 10/13/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 515.14
High Date 08/24/2020
Low 103.10
Low Date 09/21/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.47
Low Date 05/12/2016
High 515.14
High Date 08/24/2020
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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