Anadarko Petroleum Corporation Stock Forecast
Anadarko Petroleum Corporation stock upgraded to Buy Candidate.
(Updated on Sep 23, 2019)
No changes to the price of Anadarko Petroleum Corporation stock on the last trading day (Monday, 23rd Sep 2019). During the last trading day the stock fluctuated 0% from a day low at $72.77 to a day high of $72.77. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock has broken the narrow and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $73.04. A reaction back to this level may hold a second chance to get out before further falls.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APC Signals & Forecast
The Anadarko Petroleum Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $72.77 and $72.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, August 07, 2019, and so far it has risen 0.776%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Anadarko Petroleum Corporation stock
Anadarko Petroleum Corporation finds support from accumulated volume at $72.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: $68.54 (-5.81%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (APC) For The Upcoming Trading Day Of Tuesday 24th
For the upcoming trading day on Tuesday, 24th we expect Anadarko Petroleum Corporation to open at $72.77, and during the day (based on 14 day Average True Range), to move between $72.71 and $72.83, which gives a possible trading interval of +/-$0.0648 (+/-0.09%) up or down from last closing price. If Anadarko Petroleum Corporation takes out the full calculated possible swing range there will be an estimated 0.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $73.10 (0.45%) than the support at $72.21 (0.77%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Anadarko Petroleum Corporation stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Anadarko Petroleum Corporation stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.219 Buy Candidate Upgraded
Predicted Opening Price for Anadarko Petroleum Corporation of Tuesday, September 24, 2019
Fair opening price September 24, 2019 | Current price |
---|---|
$72.77 ( 0%) | $72.77 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APC
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 72.77 | . | |
R2 | 72.77 | . | ||
R1 | 72.77 | . | ||
Current price: | 72.77 | |||
Support | S1 | 72.77 | . | |
S2 | 72.77 | . | ||
S3 | 72.77 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 73.64 | 1.20 % | |
R2 | 73.62 | 1.17 % | ||
R1 | 73.10 | 0.453 % | ||
Current price | 72.77 | |||
Support | S1 | 72.21 | -0.770% | |
S2 | 70.99 | -2.45% | ||
S3 | 70.95 | -2.50% |
FAQ
Click here for our free guide on how to buy Anadarko Petroleum Corporation Stock.