Apache stock: buy or sell

APA stock price: $21.56 5.69% At close on May 14th, 2021

Updated on:
May 17th, 2021

1

Apache stock brief

  • Apache closed last Friday at $21.56 after exploding a 5.69%.
  • On May 5, Apache posted its Q1 financial report
  • APA Corporation, through its subsidiaries, explores for and produces oil and gas properties.

Should I buy Apache stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $APA stock a buy?

In the current situation of Apache there is not any eligible buy setup. This doesn't mean we expect a selloff for $APA in the next few days, or that it may not climb higher. Simply, it doesn't match our recommended trading systems

Should I sell Apache stock?

When you own a stock with some profit, it's really difficult to decide the correct moment to sell and get your profits. Trading strategies allow us to avoid impetuous decisions based on our personal moods or the noise surrounding the market. When selling, as well as buying, detailed strategies are very simple to follow but are only applicable for selling shares you already own, not for shorting Apache stock

A guiding principle is that you should not keep a trade that yields higher than expected losses at the time of purchase. The moment to sell shares always has to be dictated by the stop-loss (automatic or manual)

Is it time to sell Apache stock?

Currently, Apache stock doesn't match any of our preferred sell setups, so if you hold Apache shares and your operation is in profit probably is not time to sell now

Apache ratings

In the last 30 days, 4 analyst ratings were published for Apache. General sentiment is bullish, with 3 out of 4 posting optimistic forecasts

Apache analysts' ratings - Last month
Brokerage firmRating
Apr 19th, 2021
Susquehanna NeutralBuy
Susquehanna Bancshares NeutralBuy
Apr 20th, 2021
Mizuho Neutral
Apr 26th, 2021
Susquehanna NeutralBuy

Apache stock analysis

SMAs overview

APA stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $21.65 (0.42% above)
  • R2: $22.02 (2.13% above)
  • R3: $22.05 (2.27% above)
  • The current supports are:

  • S1: $21.03 (-2.46% below)
  • S2: $20.98 (-2.69% below)
  • S3: $20.60 (-4.45% below)
  • Bollinger bands

    APA stock Bollinger Bands chart

    Relative strength index

    The RSI dropped below the overbought level of 70 last March after just crossing to the overbough zone for just one day (weak signal). The RSI reading last Friday was 61.58. Since that level was lost, Apache shares collapsed a 6.83%

    APA stock RSI chart

    Apache stock price history

    Apache went public on May 15th, 1979 at $2.00 per share1. Since then, APA stock surged by 978.00%, with an average of 23.29% per year. If you had invested thousand dollars in Apache stock on the IPO, it would be valued $10,780.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    APA stock price history chart

    Price target for Apache stock

    Nobody knows how much a share will be priced in the future. However, many stock price predictions are posted every day by banks, financial institutions and independent analysts.

    The following table shows the price predictions published by financial institutions in the last 30 days. If you are a small investor you don't have to invest based on these projections.

    There is just one price target available for Apache that predicts a price of $21.00.

    Apache stock price predictions
    Brokerage firmPrice target
    Apr 19th, 2021
    Susquehanna Not available
    Susquehanna Bancshares Not available
    Apr 20th, 2021
    Mizuho $23.00$21.00
    Apr 26th, 2021
    Susquehanna Not available

    Earnings and financials

    Apache ($APA) had the financial event and posted the report on May 5. Apache beat analysts estimates and presented of $0.91, that is a 37.88% improvement compared to the predictions of $0.66. Also, reported revenues were $2.1 billion compared to estimates of $1.5 billion.

    This compares to Earnings of $-0.13 per share a year ago, so posted EPS means an improvement of 800.00%. Turnover exploded a 42.37% on an annualized basis in the , from $13.6B to $19.3B last quarter.

    Apache ($APA) presents earnings report next July.

    Apache performance

    APA performance compared
    Company1m3m6m
    Apache ($APA) 18.70% 18.80% 122.30%

    Important note:
    The viewpoints published in this article are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the particular situations of the reader, his or her own finances or his or her own best interests at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative reasons only

    Apache summary

    Friday, May 14th, 2021
    Open$20.75
    Close$21.56
    Day range$20.75 - $21.72
    Previous close$20.4
    Session gain5.69%
    Average true range$1.23
    50d mov avg$19.43
    100d mov avg$18.16
    200d mov avg$15.22
    Earnings dateJuly 28th, 2021

    Frequently asked questions

    What is Apache stock symbol?

    Apache Corporation is a public company trading in the US stock market with the APA symbol

    Is Apache stock a buy or sell?

    Apache received 4 ratings in the last 30 days: 3 bullish, 0 bearish and 1 neutral.

    Will APA go up?

    Apache had different price predictions issued by market analysts in the last 30 days setting the target price to $21.00. That is a 2.60% than the last price ($21.56).