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- 9/15/2023 -
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Apple Computer (AAPL) Technical Analysis
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|It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -3.17 points, or -1.78%, and closed at 175.01 on Friday, September 15, 2023. Weekly volume was 17% above average. |
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 198.23 on July 19, 2023. AAPL gained -74.06 points, or -59.64%, in 28 weeks. The price is now at the 31.35% retracement level.
Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on July 19, 2023 at 198.23 and reached 171.96 on August 18, 2023. AAPL lost 26.27 points, or 13.25%, in 4 weeks. The price is now at the 11.61% retracement level.
Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since August 4, 2023. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 September 5, 2023 at 189.98 and reached 173.54 on September 7, 2023. AAPL lost 16.44 points, or 8.65%, in 2 days. The price is now at the 8.94% retracement level.
Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.