| APA latest price $16.5800 (-3.1%) ($16.3000 - $17.4500) on Fri. Jan. 8, 2021. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 4.99% (three month average) |
RSI | 54 |
Latest Price | $16.5800(-3.1%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APA advances 3% a day on average for past five trading days. |
Weekly Trend | APA advances 5.2% a week on average for past two weeks. |
Market Behavior | Growth stock rally for large cap. Rotation from value to growth for small cap. |
Correlated ETFs | Broad market will support APA advance at 0% a week (0% probability) XOP(74%) XLE(72%) OIH(70%) XME(51%) USO(50%) |
Factors Impacting APA price | APA will decline at least -2.495% in a week (0% probabilities). VIXM(-29%) UUP(-19%) TLT(-14%) VXX(-8%) BNDX(-6%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -2.495% (StdDev 4.99%) |
Hourly BBV | 0 () |
Intraday Trend | -4.5% |
| |
|
|