We assign a technical rating of 10 out of 10 to APA. Both in the recent history as in the last year, APA has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, APA did better than 80% of all other stocks.
- APA is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. APA outperforms 73% of them.
- APA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so APA is lagging the market slightly.
- In the last month APA has a been trading in the 23.25 - 27.52 range, which is quite wide. It is currently trading near the high of this range.
- APA has an average volume of 5842120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
APA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 27.39. Right above this resistance zone may be a good entry point. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
21.44
We found 3 important support areas.
- A support zone ranging from 24.12 to 24.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 23.23 to 23.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @21.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.39 to 27.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for APA is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APA is up. |
| ChartMill Relative Strength | 80.73 | POSITIVE | APA has a high relative strength, it outperformed 80.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APA is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of APA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.05 | NEUTRAL | The RSI value for APA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests APA has a positive trend. |
| Stochastics (14,3) | 63.3 | NEUTRAL | The Stochastics value for APA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.98 | MEDIUM VOLATILITY | The ATR as a percentage value for APA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.19 | NEGATIVE | The low ADX value for APA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 27.40 | 24.97 | 2.43 (8.87%) | 11.28% |
| An entry @27.40. This is a Buy Stop order right above the resistance zone. | An exit @24.97. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 2.43 points, which is 8.87%. | When investing 11.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
26.48
-0.9 (-3.29%)
APA CORP / APA FAQ
Can you provide the ChartMill technical rating for APA CORP?
ChartMill assigns a technical rating of 10 / 10 to APA.
What is the trend direction for APA stock?
The current trend direction for APA CORP (APA) is Bullish.
Can you provide the RSI signal for APA CORP?
APA CORP (APA) has an RSI value of 62.0501. This indicates that the stock is currently neutral.
Can you provide the MACD signal for APA CORP?
The MACD indicator for APA CORP (APA) has a value of 0.106252, indicating a bearish trend.
What is the support and resistance level for APA stock?
APA CORP (APA) has a support level at 24.35 and a resistance level at 27.39. Check the full technical report for our detailed analysis of APA support and resistance levels.