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Advanced TA SearchArchive
- 8/30/2024 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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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.
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