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Advanced TA SearchArchive
- 5/10/2024 -
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Apache Corp. (APA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Apache Corp. (APA). During the week, the APA gained 1.12 points, or 3.83%, and closed at 30.38 on Friday, May 10, 2024. APA was trading at average weekly trading volume.
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 (49.57) 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 November 7, 2022 at 50.58 and reached 28.90 on May 2, 2024. APA lost 21.68 points, or 42.86%, in 77 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 28.85 and resistance is at 42.45. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 and getting smaller. 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 May 2, 2024 at 28.90 and reached 31.13 on May 10, 2024. APA gained -2.23 points, or -7.72%, in 8 days. The price is now at the 33.63% retracement level.
Daily Technical Indicators: [See APA daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 10, 2024. The distance between MACD and the signal line is low and getting smaller.
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.
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