APPLOVIN CORP-CLASS A (APP) Stock Technical Analysis
NASDAQ:APP - Nasdaq - US03831W1080 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to APP. In the last year, APP was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, APP did better than 99% of all other stocks. On top of that, APP also shows a nice and consistent pattern of rising prices.
APP is one of the better performing stocks in the Software industry, it outperforms 98% of 284 stocks in the same industry.
APP has an average volume of 7294010 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 trading in the upper part of its 52 week range, so APP is lagging the market slightly.
In the last month APP has a been trading in the 340.20 - 428.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although APP has an excellent technical rating, it does not offer a high quality setup 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.
More info and screens
248.74
422.08
2 important support areas can be observed.
- A support zone ranging from 262.41 to 264.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @251.25 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 411.90 to 417.90. 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 | 99.07 | POSITIVE | APP has a high relative strength, it outperformed 99.07% 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 | 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) | 48.76 | NEUTRAL | The RSI value for APP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -6.29 | NEGATIVE | The MACD value suggests APP has a negative trend. |
| Stochastics (14,3) | 35.6 | NEUTRAL | The Stochastics value for APP is a neutral value. |
| Average True Range in percent/ATR (20) | 5.36 | HIGH VOLATILITY | The high ATR as a percentage value for APP suggests high volalility. |
| Average Directional Index/ADX (14) | 21.24 | NEUTRAL | The ADX value for APP suggests a possible start of a new 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)
364.49
-16.09 (-4.23%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-4.23%
1 Week-12.78%
2 Weeks-7.25%
1 Month-0.58%
3 Month24.45%
6 Month12.33%
12 Month370.19%
2 Year1316.6%
3 Year958.33%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)20.93
ATR(20)%5.36%
ATR Inc3.22%
Range Today20.25
ADR(20)18.83
ADR(20)%5.16%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS99.07
Mansfield4.4
10 Day High428.99
10 Day Low360.75
20 Day High428.99
20 Day Low340.2
52 Week High525.15
52 Week Low60.67
CS1 End264.3
CR1 Start411.9
Volume & EV
DER(3)1.78%
DER(5)1.29%
Volume4.35M
Volume Incr-14.33%
Vol(5)5.45M
Vol(50)7.29M