A quick look at Friday: APA, Apache found support around the $46.34 level, after closing Thursday at $46.94 and dropping by 1.28% Friday.
Although APA Corporation is pointing down today (was as low as $44.32), it's climbing away from the $43.51 support line and is now $2.83 above it. Despite being in the red so far in the current trading session, APA, Apache peaked above its 21 day Simple Moving Average around $46.34 — typically an early indicator of a new bullish trend beginning to emerge.
Overall, looking at the technical analysis landscape, it seems APA, Apache —which is currently on a downtrend— might reverse course and start pointing upward in the short term.
On the other hand, positive performances could be seen by looking at other materials stocks as Linde gained 1.38%, as it traded at $334.91. Rio Tinto traded at $65.19 after closing Friday's trading day at $64.93 (up 0.4%).
APA, Apache now trading 27.73% above its 3-month low of $23.94.