APA Corporation is an independent energy company. Co. owns subsidiaries that explore for and produce oil and natural gas in the U.S., Egypt, and the United Kingdom, and that explore for oil and natural gas offshore Suriname. Co.'s upstream business has oil and gas operations in three geographic areas: the U.S., Egypt and offshore the United Kingdom in the North Sea (North Sea). It also has active exploration and appraisal operations ongoing in Suriname, as well as interests in Uruguay and other international locations. It maintains a diversified asset portfolio, including conventional and unconventional, onshore and offshore, oil and natural gas exploration and production interests.
When researching a stock like Apache, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from APA Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for APA stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the APA 200 day moving average ("APA 200 DMA"), while one of the most popular "shorter look-backs" is the APA 50 day moving average ("APA 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Apache. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the APA 200 DMA and the APA 50 DMA, we get a moving average convergence divergence indicator ("APA MACD"). The APA MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis