APPLOVIN CORP-CLASS A (APP) Stock Technical Analysis
NASDAQ:APP - Nasdaq - US03831W1080 - Common Stock - Currency: USD
Taking everything into account, APP scores 8 out of 10 in our technical rating. In the last year, APP was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
In the last month APP has a been trading in the 320.00 - 384.10 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that APP is one of the better performing stocks in the market, outperforming 98% of all 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 282 other stocks in this industry. APP outperforms 95% of them.
APP has an average volume of 6248980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
APP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so APP is lagging the market.
Considerably lower volume is observed in the last couple of days.
APP has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 324.69, a Stop Loss order could be placed below this zone.
More info and screens
260.57
394.24
3 important support areas can be observed.
- A support zone ranging from 324.69 to 324.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @279.63 from a trend line in the weekly time frame.
- Support @263.20 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 338.51 to 346.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 352.75 to 354.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 389.06 to 390.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 98.27 | POSITIVE | APP has a high relative strength, it outperformed 98.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of APP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of APP is below 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) | 43.84 | NEUTRAL | The RSI value for APP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.8 | NEGATIVE | The MACD value suggests APP has a negative trend. |
| Stochastics (14,3) | 57.97 | NEUTRAL | The Stochastics value for APP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.59 | HIGH VOLATILITY | The high ATR as a percentage value for APP suggests high volalility. |
| Average Directional Index/ADX (14) | 14.22 | NEGATIVE | The low ADX value for APP suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 346.94 | 325.57 | 21.37 (6.16%) | 16.23% |
| An entry @346.94. This is a Buy Stop order right above the resistance zone. | An exit @325.57. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 21.37 points, which is 6.16%. | When investing 16.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of APP. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
335.1
-11.22 (-3.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.24%
1 Week-1.91%
2 Weeks-3.55%
1 Month-12.6%
3 Month34.07%
6 Month5.22%
12 Month294.89%
2 Year967.2%
3 Year842.88%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)18.71
ATR(20)%5.59%
ATR Inc0.9%
Range Today13.61
ADR(20)18.09
ADR(20)%5.4%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.27
Mansfield1.83
10 Day High362.64
10 Day Low325.58
20 Day High384.1
20 Day Low320
52 Week High525.15
52 Week Low60.67
CS1 End324.69
CR1 Start338.51
Volume & EV
DER(3)1.1%
DER(5)1.35%
Volume3.58M
Volume Incr-34.46%
Vol(5)3.93M
Vol(50)6.25M