| APA latest price $23.6200 (-1.42%) ($23.2300 - $24.6150) on Wed. Nov. 6, 2019. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 3.82% (three month average) |
RSI | 60 |
Latest Price | $23.6200(-1.42%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APA advances 2% a day on average for past five trading days. |
Weekly Trend | APA advances 1.9% a week on average for past two weeks. |
Market Behavior | Normal for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support APA advance at 0% a week (0% probability) EMHY(22%) IYT(20%) XOP(19%) DIA(18%) IWD(18%) |
Factors Impacting APA price | APA will decline at least -1.91% in a week (0% probabilities). VIXM(-11%) BWX(-11%) TLT(-9%) VXX(-7%) UNG(-1%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.91% (StdDev 3.82%) |
Hourly BBV | 0 () |
Intraday Trend | -1% |
| |
|
|