APC closes higher for the 4th day in a row


Anadarko Petroleum Corp (APC) Technical Analysis Report for May 17, 2018 [< 1 min read]
Highlights
APC closes higher for the 4th day in a row
APC pushes through previous session high
APC rises to highest close since January 24, 2017
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 4th day in a row, APC finished Thursday at 71.14 gaining $0.82 (1.17%). Today's closing price of 71.14 marks the highest close since January 24, 2017. Closing above Wednesday's high at 70.67, the market confirms its breakout through the previous session's high having traded $0.98 above it intraday.

Daily chart for APC
Volatility

Thursday's trading range was $1.04 (1.47%), that's far below last trading month's daily average range of $1.54. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being below average.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Order Flow

2,017's high at 72.32 is within reach and we might see further upside momentum should Anadarko Petroleum manage to break out beyond.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Anadarko Petroleum Corp
ConditionForecastDirectionWinAvgWorstBestEvents
White Candle TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bearish Hikkake Pattern TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
Bounced off Technical Resistance R1 TQ Pro Members Only
More market conditions identified for TQ Pro members...
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