The Greedy Trader Weekly Analysis
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Price vs. Parabolic:Crossover
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Parabolic SAR Crossover - Stock market timing signals.

The Parabolic System is also known as a Stop and Reverse (Parabolic SAR) system, and it was developed by Welles Wilder, the author of the Relative Strength Index (RSI). Parabolic System is a trend following technique that is useful for catching new trends early. The Parabolic System used to set trailing price stops. The stops below the price are considered as bullish, above the price as bearish. Parabolic SAR crossover generates excellent buy and sell signals in trending market but tends to whipsaw during non-trending, sideways phases.

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- 8/30/2024 -
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Apple Computer (AAPL) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is strongly overbought
Daily :Williams' Percentage Range is strongly overboughtStochastic signal line moved below overbought areaLane's Stochastic and MACD bearish divergenceA Parabolic SAR indicator is above and near the price20 Day Moving Average has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Apple Computer (AAPL). During the week, the AAPL climbed 2.16 points, or 0.95%, and closed at 229.00 on Friday, August 30, 2024. Weekly volume was -30% below average.

Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 124.17 and reached 237.23 on July 15, 2024. AAPL gained -113.06 points, or -91.05%, in 79 weeks. The price is now at the 7.28% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-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 price is now at the 11.25% retracement level.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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. This is an indication that the medium-term trend is up. 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 August 26, 2024 at 223.89 and reached 232.92 on August 29, 2024. AAPL gained -9.03 points, or -4.03%, in 3 days. The price is now at the 43.41% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since August 14, 2024. 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.

A Parabolic SAR (stop and reversal) indicator (227.25) comes close to the price (229.00). 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.

During the last week, the 20 Day Moving Average 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.10
Williams' Percentage Range (W%R) 7.90
Strong Overbought
Lane's Stochastic (%D-Slow) 69.72
Bearish
Greed/Fear Indicator (GFI) 79.97
Moving Average Converg./Diverg. (MACD) 2.23 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.96
Williams' Percentage Range (W%R) 9.90
Strong Overbought
Lane's Stochastic (%D-Slow) 64.50
Greed/Fear Indicator (GFI) 71.62
Moving Average Converg./Diverg. (MACD) 9.69
Trading Signals
Description Value Chart
Upper Bollinger Band 238.09
Daily Stochastic Crossing 229.81
Price 229.00
Parabolic System 227.25
Weekly Stochastic Crossing 222.70
20 Day Moving Average 221.89
50 Day Moving Average 221.60
Lower Bollinger Band 210.39
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Technology Hardware, Storage & Peripherals 29
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 223.89
Low Date 08/26/2024
High 232.92
High Date 08/29/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 223.89
Low Date 08/26/2024
High 232.92
High Date 08/29/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 196.00
Low Date 08/05/2024
High 232.92
High Date 08/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 164.08
Low Date 04/19/2024
High 237.23
High Date 07/15/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 124.17
Low Date 01/03/2023
High 237.23
High Date 07/15/2024
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.