The Greedy Trader Weekly Analysis
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Weekly W%R:> 90
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 4/26/2024 -
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Apple Computer (AAPL) Technical Analysis

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Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are oversoldStochastic has raised above the signal lineLane's Stochastic bullish divergence
Daily :Stochastic has raised above the signal lineDaily  MACD line has moved above its signal lineThe price is close to the moving average in the center of the Bollinger Bands
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It was a first positive week for the Apple Computer (AAPL). During the week, the AAPL gained 4.30 points, or 2.61%, and closed at 169.30 on Friday, April 26, 2024. Weekly volume was -16% 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 199.62 on December 14, 2023. AAPL gained -75.45 points, or -60.76%, in 49 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (190.97) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term downtrend had started on December 14, 2023 at 199.62 and reached 164.08 on April 19, 2024. AAPL lost 35.54 points, or 17.80%, in 18 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 163.64 and resistance is at 177.97. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Weekly Lane's Stochastic has bullish 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 weekly Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 weekly MACD line is below its signal line since January 26, 2024. 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 uptrend had started on April 19, 2024 at 164.08 and reached 171.34 on April 26, 2024. AAPL gained -7.26 points, or -4.42%, in 7 days. The price is now at the 28.10% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The price is close to 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.47
Williams' Percentage Range (W%R) 59.40
Lane's Stochastic (%D-Slow) 33.38
Greed/Fear Indicator (GFI) 41.82
Moving Average Converg./Diverg. (MACD) -1.73
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.38
Williams' Percentage Range (W%R) 83.70
Oversold
Lane's Stochastic (%D-Slow) 12.26
Oversold Bullish
Greed/Fear Indicator (GFI) 23.75
Moving Average Converg./Diverg. (MACD) -1.14 Bullish
Trading Signals
Description Value Chart
Yearly Trendline Resistance 200.84
Yearly Trendline Support 190.97
Quarterly Trendline Resistance 177.97
Upper Bollinger Band 175.18
50 Day Moving Average 173.29
Parabolic System 172.74
20 Day Moving Average 169.37
Price 169.30
Daily Stochastic Crossing 166.89
Weekly Stochastic Crossing 166.15
Lower Bollinger Band 164.42
Quarterly Trendline Support 163.64
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Technology Hardware, Storage & Peripherals 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 164.08
Low Date 04/19/2024
High 171.34
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 178.36
High Date 04/12/2024
Low 164.08
Low Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 196.38
High Date 01/24/2024
Low 164.08
Low Date 04/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 177.97
Support 163.64
High 199.62
High Date 12/14/2023
Low 164.08
Low Date 04/19/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 200.84
Support 190.97
Low 124.17
Low Date 01/03/2023
High 199.62
High Date 12/14/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.