The Greedy Trader Weekly Analysis
Sign In Jun 7, 2024
Skip Navigation Links
Share
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 5/31/2024 -
Sign In to see current Signals.

Apple Computer (AAPL) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWilliams' Percentage Range is overboughtBroken trend resistance line
Daily :Williams' Percentage Range is overboughtRelative Strength Index, Lane's Stochastic and MACD bearish divergenceDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SAR
Move cursor over the icon to see details.

It was a third consecutive positive week for the Apple Computer (AAPL). During the week, the AAPL gained 2.27 points, or 1.19%, and closed at 192.25 on Friday, May 31, 2024. 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 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 (195.83) 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 Broadening Descending Wedge chart pattern. The downtrend resistance line (157.60) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. AAPL may retest the broken resistance line. It is considered to be a support line now. 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 overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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.

The weekly MACD line is above its signal line since May 10, 2024. 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 May 23, 2024 at 186.63 and reached 193.00 on May 28, 2024. AAPL gained -6.37 points, or -3.41%, in 5 days. The price is now at the 11.77% retracement level.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.84
Bearish
Williams' Percentage Range (W%R) 12.40
Overbought
Lane's Stochastic (%D-Slow) 65.62
Bearish
Greed/Fear Indicator (GFI) 75.35
Moving Average Converg./Diverg. (MACD) 4.31 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.44
Williams' Percentage Range (W%R) 15.30
Overbought
Lane's Stochastic (%D-Slow) 79.38
Greed/Fear Indicator (GFI) 74.72
Moving Average Converg./Diverg. (MACD) -1.18
Trading Signals
Description Value Chart
Yearly Trendline Resistance 201.16
Monthly Trendline Resistance 199.24
Yearly Trendline Support 195.83
Upper Bollinger Band 193.49
Parabolic System 193.19
Price 192.25
Monthly Trendline Support 192.04
Daily Stochastic Crossing 190.96
Weekly Stochastic Crossing 190.18
20 Day Moving Average 187.80
Quarterly Trendline Resistance 185.29
Lower Bollinger Band 179.39
50 Day Moving Average 177.17
Quarterly Trendline Support 157.60
Sector and Industry
Description Name Rank
Sector Information Technology 4
Industry Technology Hardware, Storage & Peripherals 100
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 186.63
Low Date 05/23/2024
High 193.00
High Date 05/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 186.63
Low Date 05/23/2024
High 193.00
High Date 05/28/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 199.24
Support 192.04
Low 164.08
Low Date 04/19/2024
High 193.00
High Date 05/28/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 185.29
Support 157.60
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 201.16
Support 195.83
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.