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Downtrend Broken Resist.Archive
- 9/22/2023 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Apple Computer (AAPL). During the week, the AAPL gave back -0.22 points, or -0.13%, and closed at 174.79 on Friday, September 22, 2023. Weekly volume was -13% 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 January 3, 2023 at 124.17 and reached 198.23 on July 19, 2023. AAPL gained -74.06 points, or -59.64%, in 28 weeks. The price is now at the 31.65% retracement level.
 Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 198.23 and reached 171.96 on August 18, 2023. AAPL lost 26.27 points, or 13.25%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend support (174.88) 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 technical indicators are neutral.
The weekly MACD line is below its signal line since August 4, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 11, 2023 at 180.30 and reached 173.58 on September 14, 2023. AAPL lost 6.72 points, or 3.73%, in 3 days. The price is now at the 18.01% retracement level.
 Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 daily MACD line is below its signal line since September 11, 2023. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
10 |
| Industry |
Technology Hardware, Storage & Peripherals |
93 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
180.30 |
| High Date |
09/11/2023 |
| Low |
173.58 |
| Low Date |
09/14/2023 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
173.54 |
| Low Date |
09/07/2023 |
| High |
180.30 |
| High Date |
09/11/2023 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
189.98 |
| High Date |
09/05/2023 |
| Low |
173.54 |
| Low Date |
09/07/2023 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Test Support |
| Resistance |
186.73 |
| Support |
174.88 |
| High |
198.23 |
| High Date |
07/19/2023 |
| Low |
171.96 |
| Low Date |
08/18/2023 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
124.17 |
| Low Date |
01/03/2023 |
| High |
198.23 |
| High Date |
07/19/2023 |
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