The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.
Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.
Resistance Trend Line,Trend Line Resistance,Trend Line Support,Support Resistance,support and resistance,chart trend line,trend support

Apache Corp. (APA)

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Summary:
Weekly :Oversold sectorLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :Stochastic has declined below the signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement levelThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Apache Corp. (APA). During the week, the APA dropped -5.42 points, or -14.58%, and closed at 31.75 on Friday, August 5, 2022. On Friday APA has reached 30.15 - the lowest level since February 25, 2022. It was the worst weekly loss since June 17, 2022. Weekly volume was -82% below average.

APA is a member of Energy Sector. Energy is the most oversold 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 price is now at the 41.95% retracement level.

Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on June 8, 2022 at 51.95 and reached 30.15 on August 5, 2022. APA lost 21.80 points, or 41.96%, in 8 weeks. The price is now at the 7.34% retracement level.

Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is below its signal line since June 17, 2022. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. 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 July 29, 2022 at 37.44 and reached 30.15 on August 5, 2022. APA lost 7.29 points, or 19.47%, in 7 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

The daily MACD line is above its signal line since July 18, 2022. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.13
Williams' Percentage Range (W%R) 98.10
Strong Oversold
Lane's Stochastic (%D-Slow) 42.20
Greed/Fear Indicator (GFI) 30.42
Moving Average Converg./Diverg. (MACD) -1.14
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 38.86
Williams' Percentage Range (W%R) 99.40
Strong Oversold
Lane's Stochastic (%D-Slow) 14.64
Oversold
Greed/Fear Indicator (GFI) 20.55
Moving Average Converg./Diverg. (MACD) 2.23
Trading Signals
Description Value Chart
50 Day Moving Average 38.81
Upper Bollinger Band 37.93
Parabolic System 36.78
20 Day Moving Average 33.80
Weekly Stochastic Crossing 33.49
Daily Stochastic Crossing 32.67
Price 31.75
Lower Bollinger Band 31.19
Sector and Industry
Description Name Rank
Sector Energy 1
Industry Oil & Gas Exploration & Production 11
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.44
High Date 07/29/2022
Low 30.15
Low Date 08/05/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.44
High Date 07/29/2022
Low 30.15
Low Date 08/05/2022
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.44
High Date 07/29/2022
Low 30.15
Low Date 08/05/2022
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.95
High Date 06/08/2022
Low 30.15
Low Date 08/05/2022
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.80
Low Date 03/18/2020
High 51.95
High Date 06/08/2022
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.

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