|
|
Advanced TA SearchArchive
- 4/26/2024 -
Sign In to see current Signals. |
Apache Corp. (APA) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the Apache Corp. (APA). During the week, the APA climbed 0.13 points, or 0.40%, and closed at 32.49 on Friday, April 26, 2024. Weekly volume was 10% above 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 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 (49.13) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. APA may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on September 5, 2023 at 46.15 and reached 29.47 on February 5, 2024. APA lost 16.68 points, or 36.14%, in 21 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 24.56 and resistance is at 35.06. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern 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 March 15, 2024. The distance between MACD and the signal line is low and getting smaller. 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 February 5, 2024 at 29.47 and reached 36.05 on April 8, 2024. APA gained -6.58 points, or -22.33%, in 63 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern.
 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. 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 below its signal line since April 10, 2024.
A Parabolic SAR (stop and reversal) indicator (32.62) comes close to the price (32.49). It indicates that the trend is getting weaker. 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.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.
| |
|
|