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- 1/8/2021 -
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Apache Corp. (APA)

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Summary:
Weekly :Overbought sectorLane's Stochastic is overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARPrice is near the Fibonacci 23.6% retracement levelThe price moved above the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was a first positive week after 3 consecutive negative weeks for the Apache Corp. (APA). During the week, the APA gained 2.39 points, or 16.84%, and closed at 16.58 on Friday, January 8, 2021. It was the best weekly gain since November 27, 2020. Weekly volume was -20% below 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 downtrend had started on December 12, 2016 at 69.00 and reached 3.80 on March 18, 2020. APA lost 65.20 points, or 94.49%, in 170 weeks. The chart has formed a Broadening Descending Wedge chart pattern. 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 long-term trend.

Medium-term trend: [See APA medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 7.45 and reached 17.50 on January 7, 2021. APA gained -10.05 points, or -134.90%, in 10 weeks. The price is now at the 9.15% retracement level.

Weekly Technical Indicators: [See APA weekly technical indicators chart]
Weekly 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 weekly Lane's Stochastic or strongly overbought 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 above its signal line since November 13, 2020. This is an indication that the medium-term trend is up. 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 29, 2020 at 13.97 and reached 17.50 on January 7, 2021. APA gained -3.53 points, or -25.27%, in 9 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 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 moved above the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 22.92% on Friday. It is 67.69% lower than one year average. It indicates the period of low volatility of the stock price. 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) 55.79
Williams' Percentage Range (W%R) 4.00
Strong Overbought
Lane's Stochastic (%D-Slow) 80.16
Overbought
Greed/Fear Indicator (GFI) 77.33
Moving Average Converg./Diverg. (MACD) 0.71
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.26
Williams' Percentage Range (W%R) 1.40
Strong Overbought
Lane's Stochastic (%D-Slow) 85.49
Overbought
Greed/Fear Indicator (GFI) 82.25
Overbought
Moving Average Converg./Diverg. (MACD) -0.63
Trading Signals
Description Value Chart
Upper Bollinger Band 17.00
Daily Stochastic Crossing 16.93
Price 16.58
Weekly Stochastic Crossing 16.19
20 Day Moving Average 15.37
Parabolic System 14.48
Lower Bollinger Band 13.20
50 Day Moving Average 12.97
Sector and Industry
Description Name Rank
Sector Energy 12
Industry Oil & Gas Exploration & Production 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 13.97
Low Date 12/29/2020
High 17.50
High Date 01/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7.45
Low Date 10/29/2020
High 17.50
High Date 01/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3.80
Low Date 03/18/2020
High 17.87
High Date 06/08/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status
Resistance
Support
High 69.00
High Date 12/12/2016
Low 3.80
Low Date 03/18/2020
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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