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Advanced TA SearchArchive
- 9/13/2024 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the Apple Computer (AAPL). During the week, the AAPL climbed 1.68 points, or 0.76%, and closed at 222.50 on Friday, September 13, 2024. Weekly volume was -20% below average.
 Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on April 19, 2024 at 164.08 and reached 237.23 on July 15, 2024. AAPL gained -73.15 points, or -44.58%, in 12 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 208.24 and resistance is at 231.61. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
 Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on August 29, 2024 at 232.92 and reached 216.71 on September 9, 2024. AAPL lost 16.21 points, or 6.96%, in 1 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (215.68) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a medium-term trend.
 Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since May 10, 2024. The distance between MACD and the signal line is low and getting smaller. 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 September 9, 2024 at 216.71 and reached 224.03 on September 13, 2024. AAPL gained -7.32 points, or -3.38%, in 4 days. The price is now at the 20.90% retracement level.
 Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since September 3, 2024. The distance between MACD and the signal line is low and getting smaller.
The price is close to the moving average in the center of the Bollinger Bands. 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.
Price is close to the 50 Day Moving Average. 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.
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