APP Technical Analysis - APPLOVIN CORP-CLASS A

Technical Rating and Analysis

Overall APP gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, APP is showing a nice and steady performance.

The short term is neutral, but the long term trend is still positive. Not much to worry about for now.

Looking at the yearly performance, APP did better than 98% of all other stocks. We also observe that the gains produced by APP over the past year are nicely spread over this period.

APP is part of the Software industry. There are 281 other stocks in this industry. APP outperforms 96% of them.

APP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so APP is lagging the market slightly.

APP has an average volume of 8252250 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month APP has a been trading in the 544.92 - 745.61 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

APPLOVIN CORP-CLASS A / APP Weekly stock chart

APPLOVIN CORP-CLASS A / APP Daily stock chart

Setup Rating and Analysis

Although APP has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

332.23

646.08

4 important support areas can be observed.

A support zone ranging from 586.99 to 587.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @507.44 from a trend line in the daily time frame.
Support @449.71 from a trend line in the daily time frame.
Support @335.59 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for APP is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for APP is neutral.
ChartMill Relative Strength	98.29	POSITIVE	APP has a high relative strength, it outperformed 98.29% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of APP is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of APP is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of APP is above the rising SMA(200).
Relative Strength Index/RSI (14)	46.77	NEUTRAL	The RSI value for APP is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-8.22	NEGATIVE	The MACD value suggests APP has a negative trend.
Stochastics (14,3)	48.36	NEUTRAL	The Stochastics value for APP is a neutral value.
Average True Range in percent/ATR (20)	5.54	HIGH VOLATILITY	The high ATR as a percentage value for APP suggests high volalility.
Average Directional Index/ADX (14)	46.08	POSITIVE	The high ADX value value for APP suggests a strong trend.