Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
APA Corporation’s stock price (APA) kept falling in the intraday levels, breaching the pivotal support of $29.50, amid the dominance of the main downward trend in the medium term, while trading alongside the secondary trend line in the short term, amid negative pressure from the 50-day SMA, coupled with negative signals from the RSI despite settling at oversold levels.
Therefore we expect more losses for the stock, targeting the support of $25.50, provided it settles below $29.50.
Trend forecast: Bearish