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S&P 500 Oversold StocksArchive - 7/19/2024 - Sign In to see current Signals. |
Apache Corp. (APA) Technical Analysis
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| Summary:
| | Weekly :![Broken trend support line](images\bearish.gif) ![Weekly MACD line has moved above its signal line](images\bullish.gif) ![Broken trend resistance line](images\alert_signals.gif) | | Daily :![Lane's Stochastic is overbought](images\bearish.gif) ![20 Day Moving Average has crossed above the 50 Day Moving Average](images\bullish.gif) Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Apache Corp. (APA). During the week, the APA gained 2.04 points, or 6.81%, and closed at 32.01 on Friday, July 19, 2024. APA was trading at average weekly trading volume.
Long-term trend: [See APA long-term trend chart] A long-term uptrend had started on March 18, 2020 at 3.80 and reached 51.95 on June 8, 2022. APA gained -48.15 points, or -1267.11%, in 116 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (51.63) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See APA medium-term trend chart] A medium-term downtrend had started on May 20, 2024 at 31.28 and reached 27.17 on June 20, 2024. APA lost 4.11 points, or 13.14%, in 4 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (29.39) 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. During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 June 20, 2024 at 27.17 and reached 33.15 on July 18, 2024. APA gained -5.98 points, or -22.01%, in 28 days. The price is now at the 19.06% retracement level.
Daily Technical Indicators: [See APA daily technical indicators chart] Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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. The daily MACD line is above its signal line since June 21, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong. During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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