The Greedy Trader Weekly Analysis
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Downtrend Resistance
Downtrend 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. Stock market alert is a warning signal. Downtrend Resistance stock alert indicates that price is near long-term resistance trendline and probability of short-term trend reversal is high.

The strategy is based on selling long (or taking short) position on downtrend testing resistance. The strategy has low to medium risk and average reword.

Downtrend Resistance

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- 8/14/2026 -
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Apache Corp. (APA) Technical Analysis

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Summary:
Weekly :Overbought sectorTrend resistance at 38.26Broken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergence
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It was a sixth positive week after 3 consecutive negative weeks for the Apache Corp. (APA). During the week, the APA gained 2.84 points, or 7.55%, and closed at 40.47 on Friday, August 14, 2026. It was the best weekly gain since May 15, 2026. Weekly volume was -18% below 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 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 Broadening Descending Wedge chart pattern. The price is near the trend resistance line (38.26). The resistance is usually stronger when technical indicators are overbought. 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 resistance line in a long-term trend.

Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on March 30, 2026 at 45.66 and reached 31.77 on July 1, 2026. APA lost 13.89 points, or 30.42%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (30.76) 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 below its signal line since May 22, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. 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 July 1, 2026 at 31.77 and reached 41.24 on August 11, 2026. APA gained -9.47 points, or -29.81%, in 41 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 35.84 and resistance is at 41.31. 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 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 Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic 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 July 6, 2026. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.63
Williams' Percentage Range (W%R) 10.40
Overbought
Lane's Stochastic (%D-Slow) 87.89
Overbought Bearish
Greed/Fear Indicator (GFI) 82.71
Overbought
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.70
Williams' Percentage Range (W%R) 37.10
Lane's Stochastic (%D-Slow) 56.87
Greed/Fear Indicator (GFI) 56.42
Moving Average Converg./Diverg. (MACD) 1.96
Trading Signals
Description Value Chart
Upper Bollinger Band 41.61
Weekly Trendline Resistance 41.31
Price 40.47
Daily Stochastic Crossing 40.26
Yearly Trendline Resistance 38.26
Weekly Stochastic Crossing 37.82
20 Day Moving Average 37.15
Parabolic System 36.50
Weekly Trendline Support 35.84
50 Day Moving Average 35.58
Lower Bollinger Band 33.40
Sector and Industry
Description Name Rank
Sector Energy 9
Industry Oil & Gas Exploration & Production 51
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 34.12
Low Date 07/28/2026
High 41.24
High Date 08/11/2026
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 41.31
Support 35.84
Low 31.77
Low Date 07/01/2026
High 41.24
High Date 08/11/2026
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 32.09
Support 30.76
High 45.66
High Date 03/30/2026
Low 31.77
Low Date 07/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 13.58
Low Date 04/09/2025
High 45.66
High Date 03/30/2026
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 38.26
Support 5.23
High 51.95
High Date 06/08/2022
Low 13.58
Low Date 04/09/2025
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.