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.

Downtrend Broken Resist.

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- 1/24/2025 -
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Apache Corp. (APA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARLane's Stochastic is oversoldThe 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 -0.94 points, or -3.87%, and closed at 23.32 on Friday, January 24, 2025. Weekly volume was 10% above average.

APA is a member of Energy Sector. Energy is the second 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 downtrend had started on June 8, 2022 at 51.95 and reached 20.32 on December 19, 2024. APA lost 31.63 points, or 60.89%, in 132 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (26.70) 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 20.32 on December 19, 2024. APA lost 13.09 points, or 39.18%, in 20 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (19.57) 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 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 December 27, 2024. 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 January 16, 2025 at 25.83 and reached 23.12 on January 22, 2025. APA lost 2.71 points, or 10.49%, in 6 days. The price is now at the 7.38% retracement level.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.33
Williams' Percentage Range (W%R) 49.70
Lane's Stochastic (%D-Slow) 15.67
Oversold
Greed/Fear Indicator (GFI) 38.45
Moving Average Converg./Diverg. (MACD) 0.44
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 43.15
Williams' Percentage Range (W%R) 62.20
Lane's Stochastic (%D-Slow) 54.08
Greed/Fear Indicator (GFI) 46.24
Moving Average Converg./Diverg. (MACD) -1.92
Trading Signals
Description Value Chart
Yearly Trendline Support 26.70
Parabolic System 25.54
Upper Bollinger Band 25.44
Weekly Stochastic Crossing 23.88
20 Day Moving Average 23.54
Daily Stochastic Crossing 23.41
Price 23.32
50 Day Moving Average 22.68
Lower Bollinger Band 21.58
Monthly Trendline Support 19.57
Sector and Industry
Description Name Rank
Sector Energy 8
Industry Oil & Gas Exploration & Production 77
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 25.83
High Date 01/16/2025
Low 23.12
Low Date 01/22/2025
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 20.32
Low Date 12/19/2024
High 25.83
High Date 01/16/2025
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 17.94
Support 19.57
High 33.41
High Date 08/01/2024
Low 20.32
Low Date 12/19/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.58
High Date 11/07/2022
Low 20.32
Low Date 12/19/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Support
Resistance 39.65
Support 26.70
High 51.95
High Date 06/08/2022
Low 20.32
Low Date 12/19/2024
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.