API GROUP CORP (APG) Stock Technical Analysis
NYSE:APG - New York Stock Exchange, Inc. - US00187Y1001 - Common Stock - Currency: USD
Overall APG gets a technical rating of 10 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, APG is showing a nice and steady performance.
In the last month APG has a been trading in the 33.64 - 36.55 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
When comparing the yearly performance of all stocks, we notice that APG is one of the better performing stocks in the market, outperforming 88% of all stocks. On top of that, APG also shows a nice and consistent pattern of rising prices.
APG is one of the better performing stocks in the Construction & Engineering industry, it outperforms 70% of 49 stocks in the same industry.
APG 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 APG is lagging the market slightly.
APG has an average volume of 3314480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, APG also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 34.70, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
35.51
4 important support areas can be observed.
- A support zone ranging from 34.37 to 34.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.70 from a trend line in the weekly time frame.
- Support @21.89 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.
- A resistance zone ranging from 34.77 to 35.16. This zone is formed by a combination of multiple trend lines and important moving averages 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 APG is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for APG is neutral. |
| ChartMill Relative Strength | 88.57 | POSITIVE | APG has a high relative strength, it outperformed 88.57% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of APG is below 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) | 53.03 | NEUTRAL | The RSI value for APG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests APG has a negative trend. |
| Stochastics (14,3) | 45.82 | NEUTRAL | The Stochastics value for APG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.17 | MEDIUM VOLATILITY | The ATR as a percentage value for APG suggests some volalility. |
| Average Directional Index/ADX (14) | 26.06 | POSITIVE | The high ADX value value for APG suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 35.17 | 34.36 | 0.81 (2.30%) | 25.00% |
| An entry @35.17. This is a Buy Stop order right above the resistance zone. | An exit @34.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.81 points, which is 2.30%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
34.71
+0.09 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg0.26%
1 Week0.84%
2 Weeks0.32%
1 Month0.64%
3 Month17.9%
6 Month35.16%
12 Month54.04%
2 Year84.96%
3 Year234.82%
5 Year268.21%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.85
ATR(20)%2.17%
ATR Inc37.16%
Range Today0.66
ADR(20)0.69
ADR(20)%2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.57
Mansfield2.13
10 Day High36.55
10 Day Low34.16
20 Day High36.55
20 Day Low33.64
52 Week High36.55
52 Week Low20.5
CS1 End34.7
CR1 Start34.77
Volume & EV
DER(3)1.96%
DER(5)2.61%
Volume3.66M
Volume Incr27.02%
Vol(5)3.49M
Vol(50)3.31M