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S&P 500 Overbought StocksArchive
- 5/8/2026 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a seventh positive week after 4 consecutive negative weeks for the Apple Computer (AAPL). During the week, the AAPL gained 13.18 points, or 4.70%, and closed at 293.32 on Friday, May 8, 2026. It was the best weekly gain since February 6, 2026. AAPL was trading at average weekly trading volume.
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, 2023 at 124.17 and reached 294.76 on May 8, 2026. AAPL gained -170.59 points, or -137.38%, in 174 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 196.81 and resistance is at 312.84. 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 uptrend had started on January 20, 2026 at 243.42 and reached 294.76 on May 8, 2026. AAPL gained -51.34 points, or -21.09%, in 15 weeks. Price is near the trend high.
 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 30, 2026 at 245.51 and reached 294.76 on May 8, 2026. AAPL gained -49.25 points, or -20.06%, in 39 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (275.48) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 short-term trend.
 Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 March 30, 2026. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Information Technology |
9 |
| Industry |
Technology Hardware, Storage & Peripherals |
111 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
265.07 |
| Low Date |
04/27/2026 |
| High |
294.76 |
| High Date |
05/08/2026 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Resistance |
| Resistance |
286.80 |
| Support |
275.48 |
| Low |
245.51 |
| Low Date |
03/30/2026 |
| High |
294.76 |
| High Date |
05/08/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
243.42 |
| Low Date |
01/20/2026 |
| High |
294.76 |
| High Date |
05/08/2026 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
169.20 |
| Low Date |
04/08/2025 |
| High |
294.76 |
| High Date |
05/08/2026 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
312.84 |
| Support |
196.81 |
| Low |
124.17 |
| Low Date |
01/03/2023 |
| High |
294.76 |
| High Date |
05/08/2026 |
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