We assign a technical rating of 5 out of 10 to APA. In the last year, APA was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
Although the technical rating is only medium, APA does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 24.61, a Stop Loss order could be placed below this zone.
More info and screens
21.44
We found 4 important support areas.
- A support zone ranging from 24.46 to 24.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.37 to 23.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.55 from a trend line in the daily time frame.
- A support zone ranging from 21.66 to 21.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @26.60 from a trend line in the weekly time frame.
- A resistance zone ranging from 27.07 to 27.10. 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 | NEUTRAL | NEUTRAL | The short term trend for APA is neutral. |
| ChartMill Relative Strength | 62.9 | NEUTRAL | APA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of APA is above a declining 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) | 53.7 | NEUTRAL | The RSI value for APA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests APA has a positive trend. |
| Stochastics (14,3) | 55.12 | NEUTRAL | The Stochastics value for APA is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for APA suggests some volalility. |
| Average Directional Index/ADX (14) | 15.66 | NEGATIVE | The low ADX value for APA suggests a weak or negative trend. |
25.2
-0.17 (-0.67%)
APA CORP / APA FAQ
Can you provide the ChartMill technical rating for APA CORP?
ChartMill assigns a technical rating of 5 / 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 53.7046. 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 0.0225219, indicating a bearish trend.
What is the support and resistance level for APA stock?
APA CORP (APA) has a support level at 24.61 and a resistance level at 26.6. Check the full technical report for our detailed analysis of APA support and resistance levels.