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Downtrend Broken Resist.Archive
- 6/13/2025 -
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Apache Corp. (APA) Technical Analysis
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| Summary:
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| | It was a third consecutive positive week for the Apache Corp. (APA). During the week, the APA gained 2.51 points, or 13.57%, and closed at 21.01 on Friday, June 13, 2025. Weekly volume was 43% 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 13.58 on April 9, 2025. APA lost 38.37 points, or 73.86%, in 148 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (26.06) 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 13.58 on April 9, 2025. APA lost 19.83 points, or 59.35%, in 35 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (9.48) 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 May 23, 2025. The distance between MACD and the signal line is relatively high and getting bigger. 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 April 9, 2025 at 13.58 and reached 21.10 on June 13, 2025. APA gained -7.52 points, or -55.38%, in 65 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 17.43 and resistance is at 22.89. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index or strongly overbought daily Williams' Percentage Range and 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 21, 2025. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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.
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