The Greedy Trader Weekly Analysis
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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.
Technical analysis of stock trend chart following long term trend analysis and trend following indicator for broken resistance trend trading. Stock trend analysis and broken resistance trend following indicators.
trend trading,trend following,stock trend chart,technical analysis of stock trend,trend following indicator,following long term trend,Broken Resistance
Archive
- 9/7/2018
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Apache Corp.
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Summary:
Weekly :Oversold sectorBroken trend resistance lineTrend support at 42.28
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Apache Corp. (APA). During the week, the APA dropped -0.96 points, or -2.19%, and closed at 42.87 on Friday, September 07, 2018. Weekly volume was -45% below average.

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 33.60 on March 2, 2018. APA lost 35.40 points, or 51.30%, in 63 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (28.84) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See APA medium-term trend chart]
A medium-term uptrend had started on March 2, 2018 at 33.60 and reached 49.59 on July 10, 2018. APA gained -15.99 points, or -47.59%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (42.28) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support 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 below its signal line since August 24, 2018. The distance between MACD and the signal line is low, but getting bigger. 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 July 10, 2018 at 49.59 and reached 41.68 on August 20, 2018. APA lost 7.91 points, or 15.95%, in 41 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 40.65 and resistance is at 43.87. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is above its signal line since August 24, 2018. The distance between MACD and the signal line is low and getting smaller.

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 distance between the Bollinger Bands (6.9%) is close to one year low (7.24%). It is 57.44% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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) 55.03
Williams' Percentage Range (W%R) 82.50
Oversold
Lane's Stochastic (%D-Slow) 43.42
Greed/Fear Indicator (GFI) 38.66
Moving Average Converg./Diverg. (MACD) -0.36
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.99
Williams' Percentage Range (W%R) 63.90
Lane's Stochastic (%D-Slow) 27.90
Greed/Fear Indicator (GFI) 37.84
Moving Average Converg./Diverg. (MACD) 0.74
Trading Signals
Description Value Chart
Upper Bollinger Band 45.02
50 Day Moving Average 44.75
Parabolic System 44.58
Weekly Trendline Resistance 43.87
20 Day Moving Average 43.17
Weekly Stochastic Crossing 42.99
Price 42.87
Daily Stochastic Crossing 42.84
Monthly Trendline Support 42.28
Lower Bollinger Band 42.06
Weekly Trendline Support 40.65
Quarterly Trendline Resistance 37.85
Sector and Industry
Description Name Rank
Sector Basic Materials 1
Industry Independent Oil & Gas 15
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 41.68
Low Date 08/20/2018
High 44.54
High Date 08/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 43.87
Support 40.65
High 49.59
High Date 07/10/2018
Low 41.68
Low Date 08/20/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 53.93
Support 42.28
Low 33.60
Low Date 03/02/2018
High 49.59
High Date 07/10/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 37.85
Support 28.84
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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