| APA latest price $43.8750 (-1.78%) ($43.8750 - $43.8750) on Tue. Aug. 15, 2023. |
|
|
| Trend Analysis and Forecast |
| |
Average Daily Percentage Swing | 2.3% (three month average) |
RSI | 72 |
Latest Price | $43.8750(-1.78%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | APA advances 0.3% a day on average for past five trading days. |
Weekly Trend | APA advances 5.5% a week on average for past two weeks. |
Market Behavior | Broad based sell-off for large cap. Broad based sell-off for small cap. |
Correlated ETFs | Broad market will support APA advance at 0% a week (0% probability) XOP(85%) XLE(84%) OIH(79%) USO(68%) VYM(43%) |
Factors Impacting APA price | APA will decline at least -1.15% in a week (0% probabilities). XLY(-14%) EWG(-9%) SMH(-7%) XLK(-5%) TBT(-5%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
| |
| |
Relative Volatility | (options are extremely cheap) |
| |
Market Trend Strength | -1.15% (StdDev 2.3%) |
Hourly BBV | -0.9 () |
Intraday Trend | 0% |
| |
|
|