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Advanced TA SearchArchive
- 4/5/2024 -
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Apache Corp. (APA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a sixth consecutive positive week for the Apache Corp. (APA). During the week, the APA gained 1.36 points, or 3.96%, and closed at 35.74 on Friday, April 5, 2024. Weekly volume was 47% above average.
APA is a member of Energy Sector. Energy 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 APA long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 3.80 and reached 51.95 on June 8, 2022. APA gained -48.15 points, or -1267.11%, in 116 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (48.48) 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 long-term trend.
 Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on September 5, 2023 at 46.15 and reached 29.47 on February 5, 2024. APA lost 16.68 points, or 36.14%, in 21 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (25.25) 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. APA 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 APA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 15, 2024. 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 February 5, 2024 at 29.47 and reached 35.91 on April 3, 2024. APA gained -6.44 points, or -21.85%, in 58 days. The chart has formed a Broadening Ascending Wedge chart pattern.
 Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Daily MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bearish 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 daily MACD line is above its signal line since February 5, 2024. This is an indication that the short-term trend is up.
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