APA CORP (APA) Technical Analysis
NASDAQ:APA • US03743Q1085
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.
- The long and short term trends are both positive. This is looking good!
- When comparing the yearly performance of all stocks, we notice that APA is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, APA also shows a nice and consistent pattern of rising prices.
- APA is part of the Oil, Gas & Consumable Fuels industry. There are 207 other stocks in this industry. APA outperforms 80% of them.
- APA is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so APA is leading the market.
- In the last month APA has a been trading in the 26.45 - 34.16 range, which is quite wide. It is currently trading near the high of this range.
- APA has an average volume of 7111570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although APA has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.15
3 important support areas can be observed.
- Support @29.32 from a trend line in the daily time frame.
- Support @25.60 from a trend line in the daily time frame.
- Support @23.38 from a horizontal line in the daily time frame.
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 | 92.35 | POSITIVE | APA has a high relative strength, it outperformed 92.35% 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) | 70.53 | OVERBOUGHT | The high RSI value suggests APA may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests APA has a positive trend. |
| Stochastics (14,3) | 83.41 | OVERBOUGHT | The high Stochastics value suggests APA may be overbought. |
| Average True Range in percent/ATR (20) | 4.34 | MEDIUM VOLATILITY | The ATR as a percentage value for APA suggests some volalility. |
| Average Directional Index/ADX (14) | 31.84 | POSITIVE | The high ADX value value for APA suggests a strong trend. |
APA Technicals: Chart, Performance Metrics, Trend & Indicators
33.61
+0.64 (+1.94%)
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 70.5346. This indicates that the stock is currently overbought.
Can you provide the MACD signal for APA CORP?
The MACD indicator for APA CORP (APA) has a value of 0.229674, indicating a bearish trend.
What is the support and resistance level for APA stock?
APA CORP (APA) has a support level at 29.32. Check the full technical report for our detailed analysis of APA support and resistance levels.