APPLOVIN CORP-CLASS A (APP)       10.77  -0.33 (-2.97%)

10.77  -0.33 (-2.97%)

US03831W1080 - Common Stock

Technical Rating

0

We assign a technical rating of 0 out of 10 to APP. APP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.



APP has an average volume of 2932830 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, APP is a bad performer in the overall market: 96% of all stocks are doing better.
APP is part of the Software industry. There are 367 other stocks in this industry, of which 85% are performing better than APP.
APP is currently making a new 52 week low. This is a very bad signal. APP is lagging the S&P500 Index which is trading in the middle of its 52 week range.
In the last month APP has a been trading in the 10.79 - 17.39 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Statistics

1 Month 3 Months 6 Months 12 Months -25.70% -59.97% -69.26% -87.76% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 4.31 10.785 - 98.14
APP Weekly chart
APP Daily chart

Support/Resistance Analysis


10.66

15.03
When analyzing the resistance we notice 2 important areas.
  • A resistance zone ranging from 11.09 to 11.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @14.88 from a trend line in the daily time frame.

Setup Analysis

Setup Rating

1

The technical rating of APP is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.


APP Daily chart

APPLOVIN CORP-CLASS A10.77

NASDAQ:APP (12/7/2022, 2:23:10 PM)-0.33 (-2.97%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Information Technology
GICS Industry Software
Performance
Today -2.97% 1 Week -17.41%
2 Weeks -16.54% 1 Month -25.7%
3 Month -59.97% 6 Month -69.26%
Volatility
ATR(14) 0.98 ATR(20)% 11.15%
ATR Inc 98.07% Range Today 0.55
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 4.31 Mansfield -7.09
10 Day High 14.71 10 Day Low 10.79
20 Day High 17.4 20 Day Low 10.79
52 Week High 98.14 52 Week Low 10.79
CS1 End N/A CR1 Start 14.88
Volume & EV
DER(3) 1.4% DER(5) 2.77%
Volume 3.87M Volume Incr 41.91%
Vol(5) 5.12M Vol(50) 2.93M

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