The Greedy Trader Weekly Analysis
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Apple Computer (AAPL)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe period of low volatility of the stock price
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It was a eighth positive week after 5 consecutive negative weeks for the Apple Computer (AAPL). During the week, the AAPL gained 2.17 points, or 1.48%, and closed at 148.56 on Friday, July 23, 2021. Weekly volume was -14% below average.

AAPL is a member of Information Technology Sector. Information 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 September 21, 2020 at 103.10 and reached 150.00 on July 15, 2021. AAPL gained -46.90 points, or -45.49%, in 42 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (127.89) 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 March 8, 2021 at 116.21 and reached 150.00 on July 15, 2021. AAPL gained -33.79 points, or -29.08%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 126.77 and resistance is at 151.96. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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. 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 December 18, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 May 12, 2021 at 122.25 and reached 150.00 on July 15, 2021. AAPL gained -27.75 points, or -22.70%, in 64 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 125.18 and resistance is at 153.72. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

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 distance between the Bollinger Bands is falling, and it was 12.71% on Friday. It is 75.57% 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) 65.70
Williams' Percentage Range (W%R) 14.20
Overbought
Lane's Stochastic (%D-Slow) 53.38
Greed/Fear Indicator (GFI) 68.28
Moving Average Converg./Diverg. (MACD) 4.03
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 71.29
Williams' Percentage Range (W%R) 7.20
Strong Overbought
Lane's Stochastic (%D-Slow) 87.04
Overbought
Greed/Fear Indicator (GFI) 79.42
Moving Average Converg./Diverg. (MACD) -8.48
Trading Signals
Description Value Chart
Weekly Trendline Resistance 153.72
Monthly Trendline Resistance 151.96
Upper Bollinger Band 151.96
Parabolic System 149.49
Price 148.56
Weekly Stochastic Crossing 147.60
Daily Stochastic Crossing 146.83
20 Day Moving Average 142.84
50 Day Moving Average 133.73
Lower Bollinger Band 133.07
Quarterly Trendline Resistance 129.90
Quarterly Trendline Support 127.89
Monthly Trendline Support 126.77
Weekly Trendline Support 125.18
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Technology Hardware, Storage & Peripherals 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 150.00
High Date 07/15/2021
Low 141.67
Low Date 07/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 153.72
Support 125.18
Low 122.25
Low Date 05/12/2021
High 150.00
High Date 07/15/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 151.96
Support 126.77
Low 116.21
Low Date 03/08/2021
High 150.00
High Date 07/15/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 129.90
Support 127.89
Low 103.10
Low Date 09/21/2020
High 150.00
High Date 07/15/2021
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
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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