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|It was a fifth consecutive positive week for the Apple Computer (AAPL). During the week, the AAPL gained 3.89 points, or 2.34%, and closed at 170.41 on Friday, February 8, 2019. Weekly volume was -10% below average. |
Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on May 12, 2016 at 89.47 and reached 233.47 on October 3, 2018. AAPL gained -144.00 points, or -160.95%, in 124 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (202.01) 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 long-term trend.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on October 3, 2018 at 233.47 and reached 142.00 on January 3, 2019. AAPL lost 91.47 points, or 39.18%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (112.65) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AAPL may retest the broken resistance line. It is considered to be a support 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 resistance 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 October 19, 2018. This is an indication that the medium-term trend is down. 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 February 6, 2019 at 175.57 and reached 168.42 on February 8, 2019. AAPL lost 7.15 points, or 4.07%, in 2 days. The price is now at the 27.83% retracement level.
Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic. 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 Lane's Stochastic help.
The daily MACD line is above its signal line since December 27, 2018. The distance between MACD and the signal line is relatively high, but getting smaller.
A Parabolic SAR (stop and reversal) indicator (169.32) comes close to the price (170.41). 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.