The Greedy Trader Weekly Analysis
Sign In Jul 26, 2024
Skip Navigation Links
TA Search
Share
Weekly W%R:> 90
Number of records: 9
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

Advanced TA Search

Archive
- 7/19/2024 -
Sign In to see current Signals.

Apache Corp. (APA) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Lane's Stochastic is overbought20 Day Moving Average has crossed above the 50 Day Moving Average
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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.11
Williams' Percentage Range (W%R) 20.50
Lane's Stochastic (%D-Slow) 88.01
Overbought
Greed/Fear Indicator (GFI) 80.53
Overbought
Moving Average Converg./Diverg. (MACD) 0.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.14
Williams' Percentage Range (W%R) 44.60
Lane's Stochastic (%D-Slow) 43.96
Greed/Fear Indicator (GFI) 49.76
Moving Average Converg./Diverg. (MACD) -1.50
Trading Signals
Description Value Chart
Upper Bollinger Band 32.80
Daily Stochastic Crossing 32.54
Price 32.01
Weekly Stochastic Crossing 30.30
Parabolic System 30.16
20 Day Moving Average 29.81
50 Day Moving Average 29.70
Weekly Trendline Support 29.39
Weekly Trendline Resistance 29.33
Lower Bollinger Band 27.66
Sector and Industry
Description Name Rank
Sector Energy 3
Industry Oil & Gas Exploration & Production 50
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 27.17
Low Date 06/20/2024
High 33.15
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 29.33
Support 29.39
High 31.28
High Date 05/20/2024
Low 27.17
Low Date 06/20/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.58
High Date 11/07/2022
Low 27.17
Low Date 06/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.95
High Date 06/08/2022
Low 27.17
Low Date 06/20/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 45.03
Support 51.63
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.