The Greedy Trader Weekly Analysis
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Daily Price vs. Fibonacci:Near 61.8% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/19/2024 -
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Apple Computer (AAPL) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldBroken trend support lineTrend support at 164.85
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price is below the lower Bollinger BandWilliams' Percentage Range and Lane's Stochastic are oversoldLane's Stochastic bullish divergence
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -11.55 points, or -6.54%, and closed at 165.00 on Friday, April 19, 2024. Weekly volume was 8% above average.

Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 124.17 and reached 199.62 on December 14, 2023. AAPL gained -75.45 points, or -60.76%, in 49 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (189.96) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. AAPL may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 199.62 and reached 164.08 on April 19, 2024. AAPL lost 35.54 points, or 17.80%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend support (164.85) line. The support is usually stronger when technical indicators are oversold. 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 support line in a medium-term trend.

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

The weekly MACD line is below its signal line since January 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 April 12, 2024 at 178.36 and reached 164.08 on April 19, 2024. AAPL lost 14.28 points, or 8.01%, in 7 days. The price is now at the 6.44% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. 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) 41.07
Williams' Percentage Range (W%R) 85.10
Oversold
Lane's Stochastic (%D-Slow) 17.66
Oversold Bullish
Greed/Fear Indicator (GFI) 24.55
Moving Average Converg./Diverg. (MACD) -1.72
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.98
Williams' Percentage Range (W%R) 94.00
Strong Oversold
Lane's Stochastic (%D-Slow) 12.64
Oversold
Greed/Fear Indicator (GFI) 18.31
Oversold
Moving Average Converg./Diverg. (MACD) -0.59
Trading Signals
Description Value Chart
Yearly Trendline Support 189.96
Quarterly Trendline Resistance 179.18
Parabolic System 177.22
Upper Bollinger Band 176.00
50 Day Moving Average 175.14
20 Day Moving Average 170.21
Weekly Stochastic Crossing 166.26
Daily Stochastic Crossing 165.46
Lower Bollinger Band 165.33
Price 165.00
Quarterly Trendline Support 164.85
Sector and Industry
Description Name Rank
Sector Information Technology 5
Industry Technology Hardware, Storage & Peripherals 36
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 178.36
High Date 04/12/2024
Low 164.08
Low Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.36
High Date 04/12/2024
Low 164.08
Low Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.38
High Date 01/24/2024
Low 164.08
Low Date 04/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Support
Resistance 179.18
Support 164.85
High 199.62
High Date 12/14/2023
Low 164.08
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 200.77
Support 189.96
Low 124.17
Low Date 01/03/2023
High 199.62
High Date 12/14/2023
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.