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S&P 500 Oversold StocksArchive
- 11/8/2024 -
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Apache Corp. (APA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Apache Corp. (APA). During the week, the APA dropped -1.45 points, or -6.28%, and closed at 21.63 on Friday, November 8, 2024. Weekly volume was 65% 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 (27.04) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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. Price is near the trend low.
 Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 weekly MACD line is below its signal line since August 30, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. 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 October 7, 2024 at 27.48 and reached 21.15 on November 8, 2024. APA lost 6.33 points, or 23.03%, in 32 days. The chart has formed a Falling Channel chart pattern. The downtrend support line (22.34) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is below its signal line since October 16, 2024. This is an indication that the short-term trend is down.
The price has closed on Friday below the lower Bollinger Band. It is considered a bearish 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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