The Greedy Trader Weekly Analysis
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Number of records: 10
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Apache Corp.
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Summary:
Weekly :Oversold sector
Daily :Broken trend support lineStochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Apache Corp. (APA). During the week, the APA dropped -2.78 points, or -8.51%, and closed at 29.87 on Friday, February 8, 2019. It was the worst weekly loss since December 21, 2018. APA was trading at average weekly trading volume.

APA is a member of Basic Materials Sector. Basic Materials is the most oversold 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 APA long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 69.00 and reached 24.56 on December 26, 2018. APA lost 44.44 points, or 64.41%, in 106 weeks. The price is now at the 11.95% retracement level.

Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on October 9, 2018 at 50.03 and reached 24.56 on December 26, 2018. APA lost 25.47 points, or 50.91%, in 11 weeks. The price is now at the 20.85% retracement level.

Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since October 19, 2018. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See APA short-term trend chart]
A short-term uptrend had started on December 26, 2018 at 24.56 and reached 33.48 on January 30, 2019. APA gained -8.92 points, or -36.32%, in 35 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (32.48) 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 short-term trend.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic 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.

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.

During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.19
Williams' Percentage Range (W%R) 72.60
Lane's Stochastic (%D-Slow) 42.25
Greed/Fear Indicator (GFI) 35.28
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.37
Williams' Percentage Range (W%R) 76.80
Lane's Stochastic (%D-Slow) 52.99
Greed/Fear Indicator (GFI) 39.21
Moving Average Converg./Diverg. (MACD) -2.97
Trading Signals
Description Value Chart
Weekly Trendline Resistance 33.65
Parabolic System 33.35
Upper Bollinger Band 33.32
Weekly Trendline Support 32.48
20 Day Moving Average 31.91
50 Day Moving Average 30.97
Daily Stochastic Crossing 30.60
Price 29.87
Lower Bollinger Band 29.75
Weekly Stochastic Crossing 29.67
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 33.48
High Date 01/30/2019
Low 29.32
Low Date 02/08/2019
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 33.65
Support 32.48
Low 24.56
Low Date 12/26/2018
High 33.48
High Date 01/30/2019
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.03
High Date 10/09/2018
Low 24.56
Low Date 12/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.00
High Date 12/12/2016
Low 24.56
Low Date 12/26/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.23
High Date 05/21/2008
Low 24.56
Low Date 12/26/2018
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.

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