API GROUP CORP (APG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:APG - US00187Y1001 - Common Stock
We assign a technical rating of 10 out of 10 to APG. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, APG is showing a nice and steady performance.
Besides having an excellent technical rating, APG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 39.18, a Stop Loss order could be placed below this zone. 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
21.21
We found 5 important support areas.
- A support zone ranging from 39.13 to 39.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.38 to 37.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 34.04 to 34.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.09 from a horizontal line in the daily time frame.
- Support @21.42 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @40.41 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 APG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APG is up. |
| ChartMill Relative Strength | 91.66 | POSITIVE | APG has a high relative strength, it outperformed 91.66% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of APG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.04 | NEUTRAL | The RSI value for APG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests APG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.93 | NEUTRAL | The Stochastics value for APG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for APG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.99 | NEGATIVE | The low ADX value for APG 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 |
|---|---|---|---|
| 40.42 | 39.12 | 1.30 (3.22%) | 25.00% |
| An entry @40.42. This is a Buy Stop order right above the resistance zone. | An exit @39.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.30 points, which is 3.22%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.80%. |
- The distance between exit and entry is rather small compared to the average daily movement of APG. Please evaluate whether better entry and exit points can be found.
- 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.
39.57
+0.17 (+0.43%)
API GROUP CORP / APG FAQ
What is the technical rating for APG stock?
ChartMill assigns a technical rating of 10 / 10 to APG.
Can you provide the trend direction for API GROUP CORP?
The current trend direction for API GROUP CORP (APG) is Bullish.
What is the RSI signal for APG stock?
API GROUP CORP (APG) has an RSI value of 58.0361. This indicates that the stock is currently neutral.
What is the short term momentum for API GROUP CORP (APG) stock?
The short term momentum for API GROUP CORP (APG) is positive.
What are the support and resistance levels for API GROUP CORP (APG) stock?
API GROUP CORP (APG) has a support level at 39.18 and a resistance level at 40.41. Check the full technical report for our detailed analysis of APG support and resistance levels.