|
|
Advanced TA SearchArchive
- 11/8/2024 -
Sign In to see current Signals. |
Apple Computer (AAPL) Technical Analysis
|
 |
| Summary:
| | Weekly : | | Daily : 
Move cursor over the icon to see details.
| | It was a first positive week for the Apple Computer (AAPL). During the week, the AAPL gained 4.80 points, or 2.15%, and closed at 227.70 on Friday, November 8, 2024. Weekly volume was -33% 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 April 19, 2024 at 164.08 and reached 237.49 on October 15, 2024. AAPL gained -73.41 points, or -44.74%, in 25 weeks. The chart has formed a Ascending Triangle chart pattern. The trend support level is at 225.73 and resistance is at 237.56. An Ascending Triangle is a variation of triangle formation that has a flat resistance line and rising support line. The higher lows indicate an increasing demand and give the ascending triangle definitive bullish bias. An Ascending Triangle usually represents an accumulation stage in bullish market. An Ascending Triangle is considered to be a continuation pattern, especially in an uptrend, but it may also mark a reversal in a downtrend. Use the following link to access a Ascending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Ascending Triangle pattern in a long-term trend.
 Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on October 15, 2024 at 237.49 and reached 219.70 on November 4, 2024. AAPL lost 17.79 points, or 7.49%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 215.67 and resistance is at 231.91. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 September 27, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 November 4, 2024 at 219.70 and reached 228.70 on November 8, 2024. AAPL gained -9.00 points, or -4.10%, in 4 days. The price is now at the 11.11% 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 October 24, 2024.
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.
During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. 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.
| |
|
|