APA CORP. - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
39%
22%
39%
My opinion
Bearish under 25.40 USD
My targets
21.97 USD (-1.52%)
19.93 USD (-10.67%)
My analysis
APACHE CORP. is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 25.40 USD. The next support located at 21.97 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 19.93 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, the general bearish sentiment is not called into question, despite technical indicators being neutral.
FORCE
0
10
5.2
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
The APACHE CORP. price is 22.31 USD. The price registered an increase of +0.59% on the session and was between 21.90 USD and 22.83 USD. This implies that the price is at +1.87% from its lowest and at -2.28% from its highest.21.90
22.83
22.31
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this APACHE CORP. chart shows a sharp bearish trend. The signals given by moving averages are 89.29% bearish. This strong bearish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Horizontal support is broken
Type : Bearish
Timeframe : Daily
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Three white soldiers
Type : Bullish
Timeframe : Daily
ProTrendLines
S2
S1
R1
R2
R3
Price
| S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 19.93 | 21.97 | 22.31 | 25.40 | 29.83 | 34.23 |
| Change (%) | -10.67% | -1.52% | - | +13.85% | +33.71% | +53.43% |
| Change | -2.38 | -0.34 | - | +3.09 | +7.52 | +11.92 |
| Level | Major | Major | - | Major | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.49 | 20.96 | 21.57 | 22.05 | 22.66 | 23.13 | 23.74 |
| Camarilla | 21.88 | 21.98 | 22.08 | 22.18 | 22.28 | 22.38 | 22.48 |
| Woodie | 20.55 | 20.99 | 21.64 | 22.08 | 22.72 | 23.16 | 23.81 |
| Fibonacci | 20.96 | 21.37 | 21.63 | 22.05 | 22.46 | 22.72 | 23.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 18.08 | 19.10 | 20.26 | 21.28 | 22.44 | 23.46 | 24.62 |
| Camarilla | 20.82 | 21.02 | 21.22 | 21.42 | 21.62 | 21.82 | 22.02 |
| Woodie | 18.15 | 19.14 | 20.33 | 21.32 | 22.51 | 23.50 | 24.69 |
| Fibonacci | 19.10 | 19.93 | 20.45 | 21.28 | 22.11 | 22.63 | 23.46 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.04 | 16.15 | 20.88 | 24.99 | 29.72 | 33.83 | 38.56 |
| Camarilla | 23.17 | 23.98 | 24.79 | 25.60 | 26.41 | 27.22 | 28.03 |
| Woodie | 12.34 | 16.31 | 21.18 | 25.15 | 30.02 | 33.99 | 38.86 |
| Fibonacci | 16.15 | 19.53 | 21.62 | 24.99 | 28.37 | 30.46 | 33.83 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.94 | |
| MACD (12,26,9): | -0.6500 | |
| Directional Movement: | 0.27 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 22.01 | |
| Parabolic SAR (0,02-0,02-0,2): | 20.17 | |
| Elder Ray (13): | 0.04 | |
| Super Trend (3,10): | 23.73 | |
| Zig ZAG (10): | 22.37 | |
| VORTEX (21): | 0.7900 | |
| Stochastique (14,3,5): | 34.82 | |
| TEMA (21): | 21.41 | |
| Williams %R (14): | -61.99 | |
| Chande Momentum Oscillator (20): | -3.26 | |
| Repulse (5,40,3): | 4.7300 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.2400 | |
| Courbe Coppock: | 30.83 |
| MA7: | 21.30 | |
| MA20: | 23.43 | |
| MA50: | 22.84 | |
| MA100: | 24.75 | |
| MAexp7: | 21.92 | |
| MAexp20: | 22.70 | |
| MAexp50: | 23.49 | |
| MAexp100: | 25.12 | |
| Price / MA7: | +4.74% | |
| Price / MA20: | -4.78% | |
| Price / MA50: | -2.32% | |
| Price / MA100: | -9.86% | |
| Price / MAexp7: | +1.78% | |
| Price / MAexp20: | -1.72% | |
| Price / MAexp50: | -5.02% | |
| Price / MAexp100: | -11.19% |
News
The last news published on APACHE CORP. at the time of the generation of this analysis was as follows:
- Rockset Unveils Real-Time SQL Analytics for Raw Events from Apache Kafka®
- GridGain Offers New Consulting Services Packages for Apache Ignite and GridGain Community Edition
- GridGain Offers New Consulting Services Packages for Apache Ignite and GridGain Community Edition
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
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