The Greedy Trader Weekly Analysis
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Uptrend Exhaustion
Uptrend Exhaustion stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.
Stock trend chart following long term trend analysis and trend following indicator.
trend following,stock trend chart,trend following indicator,following long term trend

Apache Corp. (APA)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is strongly overboughtWeekly  MACD line has moved above its signal lineBroken trend resistance line
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtLane's Stochastic bearish divergencePrice has crossed above the 50 Day Moving Average
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It was a third consecutive positive week for the Apache Corp. (APA). During the week, the APA gained 2.78 points, or 10.34%, and closed at 29.67 on Friday, January 7, 2022. It was the best weekly gain since November 5, 2021. Weekly volume was -79% below average.

APA is a member of Energy Sector. Energy is the second 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 31.14 on November 8, 2021. APA gained -27.34 points, or -719.47%, in 85 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (16.23) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 long-term trend.

Medium-term trend: [See APA medium-term trend chart]
A medium-term downtrend had started on November 8, 2021 at 31.14 and reached 22.94 on December 20, 2021. APA lost 8.20 points, or 26.33%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (20.74) 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 Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought 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 link to access Williams' Percentage Range help.

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 December 20, 2021 at 22.94 and reached 30.29 on January 7, 2022. APA gained -7.35 points, or -32.04%, in 18 days. The price is now at the 8.44% retracement level.

Daily Technical Indicators: [See APA daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is above its signal line since December 22, 2021. This is an indication that the short-term trend is up.

During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.31
Williams' Percentage Range (W%R) 6.00
Strong Overbought
Lane's Stochastic (%D-Slow) 82.62
Overbought Bearish
Greed/Fear Indicator (GFI) 83.98
Overbought
Moving Average Converg./Diverg. (MACD) 0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.04
Williams' Percentage Range (W%R) 8.30
Strong Overbought
Lane's Stochastic (%D-Slow) 45.45
Greed/Fear Indicator (GFI) 64.38
Moving Average Converg./Diverg. (MACD) 1.96
Trading Signals
Description Value Chart
Upper Bollinger Band 30.98
Price 29.67
Daily Stochastic Crossing 29.60
Quarterly Trendline Resistance 28.16
Parabolic System 27.93
50 Day Moving Average 27.27
20 Day Moving Average 26.77
Weekly Stochastic Crossing 26.25
Weekly Trendline Resistance 24.05
Lower Bollinger Band 23.97
Sector and Industry
Description Name Rank
Sector Energy 8
Industry Oil & Gas Exploration & Production 89
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 22.94
Low Date 12/20/2021
High 30.29
High Date 01/07/2022
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 24.05
Support 20.74
High 31.14
High Date 11/08/2021
Low 22.94
Low Date 12/20/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.55
Low Date 08/19/2021
High 31.14
High Date 11/08/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 28.16
Support 16.23
Low 3.80
Low Date 03/18/2020
High 31.14
High Date 11/08/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 149.23
High Date 05/21/2008
Low 3.80
Low Date 03/18/2020
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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