Overall APA gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, APA is showing a nice and steady performance.
Besides having an excellent technical rating, APA also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 27.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 25.94, a Stop Loss order could be placed below this zone.
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21.44
We found 4 important support areas.
- A support zone ranging from 25.23 to 25.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.38 from a horizontal line in the daily time frame.
- A support zone ranging from 22.43 to 22.52. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.66 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 27.10 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 | UP | POSITIVE | The short term trend for APA is up. |
| ChartMill Relative Strength | 77.59 | POSITIVE | APA has a high relative strength, it outperformed 77.59% 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) | 57.04 | NEUTRAL | The RSI value for APA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests APA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.81 | NEUTRAL | The Stochastics value for APA is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for APA suggests some volalility. |
| Average Directional Index/ADX (14) | 35.25 | POSITIVE | The high ADX value value for APA suggests a strong 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 |
|---|---|---|---|
| 27.11 | 25.22 | 1.89 (6.97%) | 14.34% |
| An entry @27.11. This is a Buy Stop order right above the resistance zone. | An exit @25.22. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.89 points, which is 6.97%. | When investing 14.34% 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.
25.95
-0.37 (-1.41%)
APA CORP / APA FAQ
Can you provide the ChartMill technical rating for APA CORP?
ChartMill assigns a technical rating of 9 / 10 to APA.
What is the current trend direction of APA CORP (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 57.0386. This indicates that the stock is currently neutral.
What is the MACD signal for APA stock?
The MACD indicator for APA CORP (APA) has a value of 0.0694329, indicating a bearish trend.
Can you provide the buy/sell signal for APA CORP?
The buy/sell signal for APA CORP (APA) is buy as both the short term and long term trends are positive.