Anadarko Petroleum Corporation (NYSE:APC) fell by -1.36% in Thursday’s trading session from $48.39 to $47.73 and has now fallen 4 consecutive sessions. The price has fallen in 7 of the last 10 days and is down by -2.35% over the same course of time. Volume has increased in Thursday’s trading session by 1.12 million shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 4.86 M shares exchanged hands for about $232.03 million.
Inside APC’s Recent Trend
Anadarko Petroleum Corporation (APC) lies in the middle of a wide and weak rising trend in the short term and issued considerable signs about additional rally. Short-term traders are predicted to see a rally of 8.91% over the course of a quarter and, with 90% chance the price will be floating in the range of $46.25 and $55.36 in this timeframe.
Anadarko Petroleum Corporation Technical Signals
APC has witnessed its short term MA triggering a sell signal. Meanwhile, however, the long-term average has generated a buy signal. When the short-run moving average rises above its longer-term trend, a buy signal is created. This is because a short-run moving average that crosses its long-run moving average counterpart is seen as the initiation of an upward trend. On additional rally, the share price will meet short term resistance at around $48.64. On a drop, the stock is likely to find some support over the long run, which begins at $45.29. A buy signal will be generated if it crosses above the short term moving average. Meanwhile, however, a price crossing below the long term moving average will generate a sell signal.
Anadarko Petroleum Corporation (NYSE:APC) Support And Resistance Levels
Anadarko Petroleum Corporation (APC) recorded volume accumulation so there will probably be a surplus of buyers at $45.72. In case of gains, the next resistance from accumulated volume will not be far away from today’s level at $48.49, $48.83 and $49.38.
Accumulated volume is going to prevent the price from rising further at $48.49 and this action will lead the price to take a temporary pause or stay muted for a few days.
Anadarko Petroleum Corporation (APC) Risk Assessment
A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $0.87 between high and low, or 1.84%. The average volatility for the past week stood at 1.88%.