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S&P 500 Overbought StocksArchive
- 12/13/2024 -
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Apple Computer (AAPL) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a fourth consecutive positive week for the Apple Computer (AAPL). During the week, the AAPL gained 5.26 points, or 2.17%, and closed at 248.10 on Friday, December 13, 2024. Weekly volume was -45% below average.
 Long-term trend: [See AAPL long-term trend chart]
A long-term uptrend had started on April 19, 2024 at 164.08 and reached 250.80 on December 11, 2024. AAPL gained -86.72 points, or -52.85%, in 33 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (231.90) 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 long-term trend.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on November 4, 2024 at 219.70 and reached 250.80 on December 11, 2024. AAPL gained -31.10 points, or -14.16%, in 5 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (233.61) 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 medium-term trend.
 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 November 15, 2024 at 224.30 and reached 250.80 on December 11, 2024. AAPL gained -26.50 points, or -11.81%, in 26 days. The price is now at the 10.19% retracement level.
 Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic or strongly overbought daily Relative Strength Index. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since November 18, 2024. This is an indication that the short-term trend is up.
A Parabolic SAR (stop and reversal) indicator (246.04) comes close to the price (248.10). 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.
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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 |
7 |
| Industry |
Technology Hardware, Storage & Peripherals |
50 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
224.30 |
| Low Date |
11/15/2024 |
| High |
250.80 |
| High Date |
12/11/2024 |
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| Weekly 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 |
224.30 |
| Low Date |
11/15/2024 |
| High |
250.80 |
| High Date |
12/11/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Resistance |
| Resistance |
229.90 |
| Support |
233.61 |
| Low |
219.70 |
| Low Date |
11/04/2024 |
| High |
250.80 |
| High Date |
12/11/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Ascending Triangle |
| Status |
Broken Resistance |
| Resistance |
237.66 |
| Support |
231.90 |
| Low |
164.08 |
| Low Date |
04/19/2024 |
| High |
250.80 |
| High Date |
12/11/2024 |
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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 |
124.17 |
| Low Date |
01/03/2023 |
| High |
250.80 |
| High Date |
12/11/2024 |
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