APP Technical Analysis - APPLOVIN CORP-CLASS A

Technical Rating and Analysis

Taking everything into account, APP scores 10 out of 10 in our technical rating. 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.

Both the short term and long term trends are positive. This is a very positive sign.

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 one of the better performing stocks in the Software industry, it outperforms 97% of 280 stocks in the same industry.

A new 52 week high is currently being made by APP, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month APP has a been trading in the 385.19 - 595.27 range, which is quite wide. It is currently trading near the high of this range.

APP has an average volume of 5770130 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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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

319.44

599.07

We found 3 important support areas.

A support zone ranging from 458.43 to 462.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A support zone ranging from 421.06 to 426.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @322.67 from a trend line in the weekly time frame.

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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	UP	POSITIVE	The short term trend for APP is up.
ChartMill Relative Strength	98.74	POSITIVE	APP has a high relative strength, it outperformed 98.74% 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)	81.43	OVERBOUGHT	The high RSI value suggests APP may be overbought.
Moving Average Convergence Divergence/MACD (12, 26, 9)	9.02	POSITIVE	The MACD value suggests APP has a positive trend.
Stochastics (14,3)	97.21	OVERBOUGHT	The high Stochastics value suggests APP may be overbought.
Average True Range in percent/ATR (20)	4.14	MEDIUM VOLATILITY	The ATR as a percentage value for APP suggests some volalility.
Average Directional Index/ADX (14)	30.61	POSITIVE	The high ADX value value for APP suggests a strong trend.