The Greedy Trader Weekly Analysis
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Weekly W%R:> 90
Number of records: 4
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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.

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- 3/28/2024 -
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Apache Corp. (APA) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :Williams' Percentage Range is overboughtStochastic signal line moved below overbought area
Move cursor over the icon to see details.

It was a fifth consecutive positive week for the Apache Corp. (APA). During the week, the APA gained 0.92 points, or 2.75%, and closed at 34.38 on Thursday, March 28, 2024. Weekly volume was 192% 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 (48.26) 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 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 Falling Channel chart pattern. The downtrend resistance line (25.73) 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.

The weekly MACD line is above its signal line since March 15, 2024. The distance between MACD and the signal line is low, but getting bigger. 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 34.80 on March 26, 2024. APA gained -5.33 points, or -18.09%, in 50 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since February 5, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 69.81
Williams' Percentage Range (W%R) 14.30
Overbought
Lane's Stochastic (%D-Slow) 71.31
Greed/Fear Indicator (GFI) 75.60
Moving Average Converg./Diverg. (MACD) 0.59
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.40
Williams' Percentage Range (W%R) 59.60
Lane's Stochastic (%D-Slow) 47.64
Greed/Fear Indicator (GFI) 45.13
Moving Average Converg./Diverg. (MACD) -1.92
Trading Signals
Description Value Chart
Upper Bollinger Band 35.44
Price 34.38
Daily Stochastic Crossing 34.03
Weekly Stochastic Crossing 32.57
Parabolic System 32.52
Weekly Trendline Resistance 32.33
20 Day Moving Average 32.24
50 Day Moving Average 31.31
Lower Bollinger Band 29.72
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 81
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 29.47
Low Date 02/05/2024
High 34.80
High Date 03/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 32.33
Support 25.73
High 46.15
High Date 09/05/2023
Low 29.47
Low Date 02/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 50.58
High Date 11/07/2022
Low 29.47
Low Date 02/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 51.95
High Date 06/08/2022
Low 29.47
Low Date 02/05/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 46.04
Support 48.26
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.