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Oil & Gas Exploration & Production Industry Stocks Technical Analysis - APAArchive
- 11/22/2024 -
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Apache Corp. (APA) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 4 consecutive negative weeks for the Apache Corp. (APA). During the week, the APA gained 0.39 points, or 1.74%, and closed at 22.77 on Friday, November 22, 2024. Weekly volume was 19% above average.
 Long-term trend: [See APA long-term trend chart]
A long-term downtrend had started on June 8, 2022 at 51.95 and reached 21.15 on November 8, 2024. APA lost 30.80 points, or 59.29%, in 126 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (26.97) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. 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 August 1, 2024 at 33.41 and reached 21.15 on November 8, 2024. APA lost 12.26 points, or 36.70%, in 14 weeks. The price is now at the 13.21% retracement level.
 Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 30, 2024. This is an indication that the medium-term trend is down. 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 November 8, 2024 at 21.15 and reached 23.20 on November 15, 2024. APA gained -2.05 points, or -9.69%, in 7 days. The price is now at the 20.98% retracement level.
 Daily Technical Indicators: [See APA daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Energy |
5 |
| Industry |
Oil & Gas Exploration & Production |
25 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
21.15 |
| Low Date |
11/08/2024 |
| High |
23.20 |
| High Date |
11/15/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
27.48 |
| High Date |
10/07/2024 |
| Low |
21.15 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
33.41 |
| High Date |
08/01/2024 |
| Low |
21.15 |
| Low Date |
11/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
50.58 |
| High Date |
11/07/2022 |
| Low |
21.15 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Broken Support |
| Resistance |
40.41 |
| Support |
26.97 |
| High |
51.95 |
| High Date |
06/08/2022 |
| Low |
21.15 |
| Low Date |
11/08/2024 |
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