The Greedy Trader Weekly Analysis
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Number of records: 6
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Apache Corp.
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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldBroken trend support line
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergenceThe period of high volatility of the stock price
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It was the negative week for the Apache Corp. (APA). During the week, the APA dropped -1.45 points, or -3.88%, and closed at 35.94 on Friday, November 02, 2018. Weekly volume was 56% above average.

APA is a member of Basic Materials Sector. Basic Materials is the second 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 uptrend had started on March 2, 2018 at 33.60 and reached 50.03 on October 9, 2018. APA gained -16.43 points, or -48.90%, in 31 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (45.31) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. APA may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.

Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on October 9, 2018 at 50.03 and reached 35.50 on November 2, 2018. APA lost 14.53 points, or 29.04%, in 3 weeks. Price is near the trend low.

Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 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 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 APA short-term trend chart]
A short-term downtrend had started on October 31, 2018 at 39.06 and reached 35.50 on November 2, 2018. APA lost 3.56 points, or 9.11%, in 2 days. The price is now at the 12.36% retracement level.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish 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 bullish 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.

The daily MACD line is below its signal line since October 9, 2018. This is an indication that the short-term trend is down.

The distance between the Bollinger Bands is 179.87% higher then one year average. It indicates the period of high volatility of the stock price. 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) 14.89
Oversold Bullish
Williams' Percentage Range (W%R) 89.60
Oversold
Lane's Stochastic (%D-Slow) 16.85
Oversold Bullish
Greed/Fear Indicator (GFI) 14.05
Oversold
Moving Average Converg./Diverg. (MACD) -1.99 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.48
Williams' Percentage Range (W%R) 89.60
Oversold
Lane's Stochastic (%D-Slow) 36.73
Greed/Fear Indicator (GFI) 29.54
Moving Average Converg./Diverg. (MACD) 0.72
Trading Signals
Description Value Chart
Upper Bollinger Band 48.67
50 Day Moving Average 43.92
20 Day Moving Average 41.43
Parabolic System 39.10
Weekly Stochastic Crossing 38.89
Daily Stochastic Crossing 36.45
Price 35.94
Lower Bollinger Band 32.39
Sector and Industry
Description Name Rank
Sector Basic Materials 2
Industry Independent Oil & Gas 64
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 39.06
High Date 10/31/2018
Low 35.50
Low Date 11/02/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.03
High Date 10/09/2018
Low 35.50
Low Date 11/02/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 50.15
Support 45.31
Low 33.60
Low Date 03/02/2018
High 50.03
High Date 10/09/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 69.00
High Date 12/12/2016
Low 33.60
Low Date 03/02/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.23
High Date 05/21/2008
Low 32.20
Low Date 01/20/2016
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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