APC - Anadarko Petroleum Corporation

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE

APC - Anadarko Petroleum Corporation

Industry: Independent Oil & Gas Sector: Basic Materials Exchange: NYSE
#4811()/7600

Tue 18'th Sep 2018

PERIOD 2018-06-19 - 2018-09-18
CHANGE 1.22%
PRICE $64.75
VOLUME
Buy
TREND
Sell

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Anadarko Petroleum Corporation Stock Analysis

Technical stock analysis for Tue 18'th Sep 2018

Sell candidate since 2018-08-09 Loss -1.98%
Shorts 2.04% ( 2018-08-31 )
Cash 9 804.0 mill
Loans 31 262.0 mill
Beta 1.29
ROA 0.98

Anadarko Petroleum Corporation gained 1.22% in the last trading day, rising from $63.97 to $64.75 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has been going up and down for this period, and there has been a 1.24% gain for the last 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.42 million more shares were traded than the day before. In total, 4.40 million shares bought and sold for approximately $285.16 million.

Trend

Anadarko Petroleum Corporation lies the upper part of a wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $66.45 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.43% during the next 3 months and, with 90% probability hold a price between $48.22 and $55.53 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Wednesday September 12, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Anadarko Petroleum Corporation holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $64.78. On a fall, the stock will find some support from the short-term average at $63.10. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

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A buy signal from a double bottom formation was found on Wednesday September 12, 2018 and based on theory for this formation the price should go up by 4.17% to $66.22 within 17 trading days since signal was issued (Friday October 05, 2018).

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Anadarko Petroleum Corporation finds support from accumulated volume at $64.54.

Support: $64.54 Price: $64.75 Resistance: $65.15

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.93 (1.44%) between high and low. For the last week, the stock has had a daily average volatility of 2.42%.

Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.

Overall risk:

Very Low Low Medium High Very High

Evaluation

Anadarko Petroleum Corporation holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Sell Candidate

Click for Top 5 Sell Candidates
APC $64.75 $0.78(1.22%)
APC is up $0.78 today, but where's it headed in October?
Zacks Investment Research is releasing its prediction for APC based on the 1-3 month system that more than doubles the S&P 500.

Click here – the APC analysis is free »
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