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S&P 500 Overbought StocksArchive
- 5/2/2025 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -3.95 points, or -1.89%, and closed at 205.35 on Friday, May 2, 2025. AAPL was trading at average weekly trading volume.
 Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on January 3, 2023 at 124.17 and reached 260.10 on December 26, 2024. AAPL gained -135.93 points, or -109.47%, in 103 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 195.89 and resistance is at 280.18. 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 December 26, 2024 at 260.10 and reached 169.20 on April 8, 2025. AAPL lost 90.90 points, or 34.95%, in 14 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 153.40 and resistance is at 237.83. 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 January 10, 2025. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.
 Short-term trend: [See AAPL short-term trend chart]
A short-term downtrend had started on May 1, 2025 at 214.56 and reached 202.16 on May 2, 2025. AAPL lost 12.40 points, or 5.78%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 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. 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 14, 2025.
During the last week, the price has declined below 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.
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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 |
4 |
| Industry |
Technology Hardware, Storage & Peripherals |
21 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
214.56 |
| High Date |
05/01/2025 |
| Low |
202.16 |
| Low Date |
05/02/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
214.56 |
| High Date |
05/01/2025 |
| Low |
202.16 |
| Low Date |
05/02/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Support |
| Resistance |
214.69 |
| Support |
213.00 |
| Low |
169.20 |
| Low Date |
04/08/2025 |
| High |
214.56 |
| High Date |
05/01/2025 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Broadening Descending Wedge |
| Status |
Valid |
| Resistance |
237.83 |
| Support |
153.40 |
| High |
260.10 |
| High Date |
12/26/2024 |
| Low |
169.20 |
| Low Date |
04/08/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
280.18 |
| Support |
195.89 |
| Low |
124.17 |
| Low Date |
01/03/2023 |
| High |
260.10 |
| High Date |
12/26/2024 |
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