Anadarko Petroleum Corporation Forecast and Stock Analysis
Technical APC stock analysis for February 15, 2019.
|Shorts||2.44% ( 2019-01-31 )|
Anadarko Petroleum Corporation gained 3.26% in the last trading day, rising from $43.80 to $45.23 The price has been going up and down for this period, and there has been a -6.65% loss 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, 0.75 million more shares were traded than the day before. In total, 5.39 million shares bought and sold for approximately $243.71 million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the APC stock was $45.23. This is 3.26% more than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 1.98% from a day low at $44.38 to a day high of $45.26.
30 day high of the APC stock price was $49.64 and low was $40.91.
90 day high was $56.31 and low was $40.40.
52 week high for the Anadarko Petroleum Corporation - $76.70 and low - $40.40.
Anadarko Petroleum Corporation lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.07% during the next 3 months and, with 90% probability hold a price between $29.44 and $40.15 at the end of this period.
A buy signal was issued from a pivot bottom point on Friday February 08, 2019, 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 $46.06. On a fall, the stock will find some support from the short-term average at $43.27. 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.
Relative Strength Index (RSI)
RSI14 is 46 and the stock is currently not being overbought or oversold
Support & Resistance
Anadarko Petroleum Corporation finds support from accumulated volume at $44.04.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.88 between high and low, or 1.98%. For the last week, the stock has had a daily average volatility of 2.92%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Sell Candidate
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.