Anadarko Petroleum Corp Stock Forecast

Red day on Tuesday for Anadarko Petroleum Corp stock after losing 0%
(Updated on Nov 12, 2019)

APC.L Signals & Forecast

The Anadarko Petroleum Corp 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 £0.0988 and £0.0987. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, September 30, 2019, and so far it has risen 1.33%. 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 Corp stock

Anadarko Petroleum Corp finds support from accumulated volume at £0.0975 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: £0.0932 (-5.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)

Trading Expectations (APC.L) For The Upcoming Trading Day Of Wednesday 13th

For the upcoming trading day on Wednesday, 13th we expect Anadarko Petroleum Corp to open at £0.0988, and during the day (based on 14 day Average True Range), to move between £0.0981 and £0.0995, which gives a possible trading interval of +/-£0.0007 (+/-0.74%) up or down from last closing price. If Anadarko Petroleum Corp takes out the full calculated possible swing range there will be an estimated 1.48% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £0.0975 (1.32%) than the resistance at £0.101 (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Anadarko Petroleum Corp 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 Corp stock to perform well in the short-term.

Current score: 3.156 Buy Candidate Unchanged

Predicted Opening Price for Anadarko Petroleum Corp of Wednesday, November 13, 2019

The predicted opening price is based on yesterday's movements between high, low, and closing price.