APA CORP. - Daily - Technical analysis published on 06/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
56%
0%
44%
My opinion
Bearish under 29.83 USD
My targets
25.40 USD (-12.56%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on APACHE CORP.. As long as you are under the resistance located at 29.83 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 25.40 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. If the resistance 29.83 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
APACHE CORP. rating 29.05 USD. The price registered an increase of +0.07% on the session with the lowest point at 28.87 USD and the highest point at 29.32 USD. The deviation from the price is +0.62% for the low point and -0.92% for the high point.28.87
29.32
29.05
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of APACHE CORP. in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
In fact, 10 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
RSI indicator is back over 50
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 25.40 | 29.05 | 29.83 | 34.27 | 37.09 |
| Change (%) | -12.56% | - | +2.69% | +17.97% | +27.68% |
| Change | -3.65 | - | +0.78 | +5.22 | +8.04 |
| Level | Major | - | Major | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 27.31 | 27.88 | 28.45 | 29.02 | 29.59 | 30.16 | 30.73 |
| Camarilla | 28.72 | 28.82 | 28.93 | 29.03 | 29.13 | 29.24 | 29.34 |
| Woodie | 27.32 | 27.88 | 28.46 | 29.02 | 29.60 | 30.16 | 30.74 |
| Fibonacci | 27.88 | 28.31 | 28.58 | 29.02 | 29.45 | 29.72 | 30.16 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 24.92 | 26.00 | 27.82 | 28.90 | 30.72 | 31.80 | 33.62 |
| Camarilla | 28.84 | 29.11 | 29.37 | 29.64 | 29.91 | 30.17 | 30.44 |
| Woodie | 25.29 | 26.18 | 28.19 | 29.08 | 31.09 | 31.99 | 33.99 |
| Fibonacci | 26.00 | 27.11 | 27.79 | 28.90 | 30.01 | 30.69 | 31.80 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 50.24 | |
| MACD (12,26,9): | -0.2000 | |
| Directional Movement: | -0.12 | |
| AROON (14): | 28.57 | |
| DEMA (21): | 28.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.56 | |
| Elder Ray (13): | 0.35 | |
| Super Trend (3,10): | 26.69 | |
| Zig ZAG (10): | 29.04 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 58.28 | |
| TEMA (21): | 28.95 | |
| Williams %R (14): | -31.72 | |
| Chande Momentum Oscillator (20): | 0.21 | |
| Repulse (5,40,3): | -2.4400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2200 | |
| Courbe Coppock: | 6.21 |
| MA7: | 29.02 | |
| MA20: | 28.42 | |
| MA50: | 30.17 | |
| MA100: | 32.02 | |
| MAexp7: | 28.87 | |
| MAexp20: | 28.79 | |
| MAexp50: | 29.90 | |
| MAexp100: | 31.47 | |
| Price / MA7: | +0.10% | |
| Price / MA20: | +2.22% | |
| Price / MA50: | -3.71% | |
| Price / MA100: | -9.28% | |
| Price / MAexp7: | +0.62% | |
| Price / MAexp20: | +0.90% | |
| Price / MAexp50: | -2.84% | |
| Price / MAexp100: | -7.69% |
News
Don"t forget to follow the news on APACHE CORP.. At the time of publication of this analysis, the latest news was as follows:
- Instaclustr Anomaly Detection Application Successfully Processes 19 Billion Real-Time Events Per Day Using Apache Cassandra and Apache Kafka
- Instaclustr Certifies Apache Cassandra for Enterprise-Grade and Production-Ready Deployments
- GridGain Community Edition Brings Production Readiness to Apache Ignite
- GridGain Community Edition Brings Production Readiness to Apache Ignite
- GridGain Unveils Support Offering for Apache Ignite
This member declared not having a position on this financial instrument or a related financial instrument.
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