The Greedy Trader Weekly Analysis
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Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 6/5/2026 -
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Apple Computer (AAPL) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineTrend resistance at 316.29
Daily :Broken trend support lineWilliams' Percentage Range is overboughtStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the price
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -4.72 points, or -1.51%, and closed at 307.34 on Friday, June 5, 2026. It was the worst weekly loss since March 13, 2026. AAPL was trading at average weekly trading volume.

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 January 3, 2023 at 124.17 and reached 316.94 on June 3, 2026. AAPL gained -192.77 points, or -155.25%, in 178 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (316.29). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on April 8, 2025 at 169.20 and reached 316.94 on June 3, 2026. AAPL gained -147.74 points, or -87.32%, in 60 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (267.27) 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 medium-term trend.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 1, 2026. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 30, 2026 at 245.51 and reached 316.94 on June 3, 2026. AAPL gained -71.43 points, or -29.09%, in 65 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (312.97) 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 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.

A Parabolic SAR (stop and reversal) indicator (306.12) comes close to the price (307.34). It indicates that the trend is getting weaker. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.28
Williams' Percentage Range (W%R) 15.10
Overbought
Lane's Stochastic (%D-Slow) 56.63
Greed/Fear Indicator (GFI) 66.59
Moving Average Converg./Diverg. (MACD) 9.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.39
Williams' Percentage Range (W%R) 5.50
Strong Overbought
Lane's Stochastic (%D-Slow) 93.47
Strong Overbought
Greed/Fear Indicator (GFI) 83.51
Overbought
Moving Average Converg./Diverg. (MACD) 7.41
Trading Signals
Description Value Chart
Weekly Trendline Resistance 321.75
Yearly Trendline Resistance 316.29
Upper Bollinger Band 315.65
Weekly Stochastic Crossing 313.84
Weekly Trendline Support 312.97
Daily Stochastic Crossing 311.87
Price 307.34
Parabolic System 306.12
20 Day Moving Average 304.25
Lower Bollinger Band 288.42
50 Day Moving Average 281.24
Quarterly Trendline Support 267.27
Quarterly Trendline Resistance 266.53
Sector and Industry
Description Name Rank
Sector Information Technology 10
Industry Technology Hardware, Storage & Peripherals 118
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 316.94
High Date 06/03/2026
Low 307.15
Low Date 06/05/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 321.75
Support 312.97
Low 245.51
Low Date 03/30/2026
High 316.94
High Date 06/03/2026
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 243.42
Low Date 01/20/2026
High 316.94
High Date 06/03/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 266.53
Support 267.27
Low 169.20
Low Date 04/08/2025
High 316.94
High Date 06/03/2026
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 316.29
Support 198.36
Low 124.17
Low Date 01/03/2023
High 316.94
High Date 06/03/2026
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.