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 (APA) skidded in the intraday levels, as the energy sector tumbles while natural gas and crude oil futures slide alongside it, with the company using the services of GHD to conduct an independent investigation of the carbon emissions of its projects in the next two years, with the stock sliding 11.43%, or 4.24 points, and settling at 32.87, with trading volumes surpassing 17.2 million shares, above 10-day averages of 9 million shares.
Technically, the stock passed through the support of the 50-day SMA, doubling negative pressures, amid the dominance of the downward correctional wave in the short term, with negative signals from the RSI despite reaching oversold levels.
Therefore we expect more losses for the stock, targeting the pivotal support of 30.15, provided it settles below 36.80.
Expected trend for today: Bearish