The Greedy Trader Weekly Analysis
Sign In May 22, 2020
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Uptrend Support
Uptrend Support 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. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for uptrend support trend trading. Technical analysis of stock trend and uptrend support trend trading.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,uptrend support

Apple Computer (AAPL)

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Summary:
Weekly :Overbought sector
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARTrend support at 307.32
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL gave back -2.42 points, or -0.78%, and closed at 307.71 on Friday, May 15, 2020. Weekly volume was -9% 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, 2019 at 142.00 and reached 327.85 on January 29, 2020. AAPL gained -185.85 points, or -130.88%, in 55 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 222.24 and resistance is at 372.75. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on January 29, 2020 at 327.85 and reached 212.61 on March 23, 2020. AAPL lost 115.24 points, or 35.15%, in 7 weeks. The price is now at the 82.52% retracement level.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 21, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 23, 2020 at 212.61 and reached 319.69 on May 12, 2020. AAPL gained -107.08 points, or -50.36%, in 50 days. The chart has formed a Rising Channel chart pattern. The price is near the trend support (307.32) 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 short-term trend.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since March 26, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.93
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 71.18
Greed/Fear Indicator (GFI) 68.49
Moving Average Converg./Diverg. (MACD) 9.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.30
Williams' Percentage Range (W%R) 23.90
Lane's Stochastic (%D-Slow) 77.19
Greed/Fear Indicator (GFI) 67.38
Moving Average Converg./Diverg. (MACD) 9.44
Trading Signals
Description Value Chart
Weekly Trendline Resistance 335.36
Upper Bollinger Band 323.43
Parabolic System 319.23
Daily Stochastic Crossing 312.51
Price 307.71
Weekly Trendline Support 307.32
Weekly Stochastic Crossing 299.49
20 Day Moving Average 293.41
50 Day Moving Average 273.11
Lower Bollinger Band 267.32
Sector and Industry
Description Name Rank
Sector Information Technology 11
Industry Technology Hardware, Storage & Peripherals 34
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 265.43
Low Date 04/21/2020
High 319.69
High Date 05/12/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 335.36
Support 307.32
Low 212.61
Low Date 03/23/2020
High 319.69
High Date 05/12/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 327.85
High Date 01/29/2020
Low 212.61
Low Date 03/23/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 372.75
Support 222.24
Low 142.00
Low Date 01/03/2019
High 327.85
High Date 01/29/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 89.47
Low Date 05/12/2016
High 327.85
High Date 01/29/2020
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.

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