APOLLO GLOBAL MANAGEMENT INC (APO) Stock Technical Analysis
NYSE:APO - New York Stock Exchange, Inc. - US03769M1062 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to APO. Although APO has been one of the better performers in the overall market, we have a mixed picture in the medium term time frame. But recently some decent action can be observed again.
Besides having an excellent technical rating, APO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 143.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 136.50, a Stop Loss order could be placed below this zone.
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112.45
When analyzing the support we can see 3 important areas.
- A support zone ranging from 134.90 to 137.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 129.31 to 130.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @113.59 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 143.85 to 145.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @148.40 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 | NEUTRAL | NEUTRAL | The long term trend for APO is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APO is up. |
| ChartMill Relative Strength | 80.31 | POSITIVE | APO has a high relative strength, it outperformed 80.31% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of APO is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.3 | NEUTRAL | The RSI value for APO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests APO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.64 | OVERBOUGHT | The high Stochastics value suggests APO may be overbought. |
| Average True Range in percent/ATR (20) | 2.61 | MEDIUM VOLATILITY | The ATR as a percentage value for APO suggests some volalility. |
| Average Directional Index/ADX (14) | 11.79 | NEGATIVE | The low ADX value for APO 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 |
|---|---|---|---|
| 145.09 | 134.26 | 10.83 (7.46%) | 13.40% |
| An entry @145.09. This is a Buy Stop order right above the resistance zone. | An exit @134.26. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.83 points, which is 7.46%. | For a 1.00% total portfolio risk, you can invest 13.40% of your capital in this trade. |
- 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.
141.63
-0.24 (-0.17%)