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|It was the negative week for the Anadarko Petroleum (APC). During the week, the APC dropped -0.80 points, or -1.64%, and closed at 47.92 on Friday, December 08, 2017. APC was trading at average weekly trading volume. |
Long-term trend: [See APC long-term trend chart]
A long-term downtrend had started on December 12, 2016 at 73.33 and reached 39.96 on August 29, 2017. APC lost 33.37 points, or 45.51%, in 37 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Medium-term trend: [See APC medium-term trend chart]
A medium-term uptrend had started on August 29, 2017 at 39.96 and reached 52.17 on November 7, 2017. APC gained -12.21 points, or -30.56%, in 10 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (51.72) 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 medium-term trend.
Weekly Technical Indicators: [See APC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since September 8, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See APC short-term trend chart]
A short-term downtrend had started on November 7, 2017 at 52.17 and reached 46.80 on December 7, 2017. APC lost 5.37 points, or 10.29%, in 30 days. The price is now at the 20.86% retracement level.
Daily Technical Indicators: [See APC daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since November 13, 2017. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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.