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Anadarko Petroleum |
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| Summary:
| | Weekly : | | Daily :
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| | It was the third negative week after 6 consecutive positive weeks for the Anadarko Petroleum (APC). During the week, the APC dropped -1.29 points, or -2.65%, and closed at 47.41 on Friday, August 27, 2010. Weekly volume was -20% below average.
 Long-term trend: [See APC long-term trend chart]
A long-term uptrend had started on October 10, 2008 at 24.57 and reached 75.07 on April 15, 2010. APC gained -50.50 points, or -205.54%, in 78 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (83.49) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. APC may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See APC medium-term trend chart]
A medium-term uptrend had started on June 9, 2010 at 34.54 and reached 56.97 on August 5, 2010. APC gained -22.43 points, or -64.94%, in 8 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (52.74) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. APC may retest the broken support line. It is considered to be a resistance 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 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 August 6, 2010. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See APC short-term trend chart]
A short-term uptrend had started on August 24, 2010 at 45.07 and reached 48.28 on August 26, 2010. APC gained -3.21 points, or -7.12%, in 2 days. The price is now at the 27.10% retracement level.
 Daily Technical Indicators: [See APC daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since August 11, 2010.
Price is close to the 50 Day Moving Average. While daily technical indicators are oversold, the 50 Day Moving Average is considered a support 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.
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