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APPLOVIN CORPORATION

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APP trade ideas

Beautiful Breakout and strong fundamentals - AppLovin NASDAQ:APP has an outstanding chart in my opinion. I've been following this stock for years now and waiting for the right time to get in. Although it's already rallied 70% YTD, the momentum this particular stock has combined with it's increasingly impressive earnings reports make it a strong buy. They have been steadily increasing cash flow on top of accelerating earnings growth. The last 3 quarters it's beat analyst estimates and it's my personal opinion that we are in the midst of a era where web apps as well as mobile apps are being developed very rapidly, increasingly by individuals and smaller companies. Net Income, Margins and Returns on Equity and Assets are all increasing. No wonder it's more than quadrupled since it's bottom of $9.00 Think of Streamlit, for you coders, and Snowflake's NYSE:SNOW increasing presence in owning these, and similar technologies. NASDAQ:APP is operating in a similar space and they really offer it all when it comes to building applications for your business. The estimate revisions are surprising and look very strong going into next year. See the Zack's Estimate Revisions below. (Current Quarter/Next Current Year/Next) CQ NQ CY NY Current 0.56 0.59 2.48 3.08 7 Days Ago 0.56 0.59 2.48 3.08 30 Days Ago 0.33 0.31 1.56 1.71 60 Days Ago 0.33 0.31 1.58 1.71 90 Days Ago 0.33 0.31 1.58 1.63
NASDAQ:APPLong
by DontSlamTheDoor
Applovin Corporation (APP) - Rectangle BreakoutCompany info: AppLovin enables developers of all sizes to market, monetize, analyze and publish their apps through its mobile advertising, marketing, and analytics platforms MAX, AppDiscovery, and SparkLabs. AppLovin operates Lion Studios, which works with game developers to promote and publish their mobile games. Technical: There has been a breakout from months of consolidation Position: Yesterday, I bought before the close and my stop is at 41.58 Initial target is at 53.
NASDAQ:APPLong
by Kemsdale
Finding Tech exposure via AppLovin CorporationOverview Applovin Corporation (APP) is a stock that has shown significant price appreciation over the past three months. With a trading volume that rose to 51% of its average daily volume in the previous session and a year-to-date price movement of 115%, APP presents an attractive opportunity for investors. Strategy This trading idea focuses on selecting stocks that have demonstrated strong price appreciation and high trading volume. By identifying assets that have performed well in the market and are actively traded, there is a potential for substantial returns. Logic The core logic behind this strategy is to take advantage of the positive market sentiment surrounding APP. The stock has shown consistent growth over the past three months, indicating strong investor interest. Additionally, the increased trading volume in the previous session suggests that there is heightened activity around APP, further reinforcing its potential for growth. Technical Outlook It appears that Applovin (APP) is closing in on a key support level at $34.63, with the stock approximately 40 cents away from testing this level. Dropping below this support level could indicate further losses ahead, while failing to break below it may be viewed positively by bulls, with a retracement likely. Applovin's price action is also nearing a key Bollinger Band® level of $35.27, following bearish price action and heavy selling. This could further add to the pressure on the stock. In today's session, Applovin's downtrend continued as the stock shedded 29 cents or 0.79%. Yesterday, the stock closed at 36.44, with a range between 36.27 and $37.28, showing no clear direction. Despite the recent downturn, Applovin has outperformed the Nasdaq by 117.91% this year and currently has a market cap of $12.67 billion. However, trading volume was 51% lower than average yesterday, indicating a lack of strong market interest. Overall, based on technical analysis, Applovin is currently rated a 'Strong Buy' despite the bearish market mood. Investors should closely monitor the stock's movement as it approaches the key support level and Bollinger Band® level. Other themed assets that saw positive movement yesterday include Intel, which increased to 36.50 from 35.69, ServiceNow with a 2.34% gain, and Accenture plc Class A (Ireland) with a 1.5% increase. Conclusion Based on the provided facts, the trading idea is to buy Applovin Corporation (APP). This asset has exhibited significant price appreciation and has attracted high trading volume, making it an attractive investment opportunity. However, it is important to note that this strategy requires a moderately short investment horizon and a high risk tolerance, as the price volatility of the stock may result in potential losses.
NASDAQ:APPLong
by NomolosAI
APP Entry, Volume, Target, StopEntry: with price above 44.89 Volume: with volume greater than 5.615M Target: 53.30 area (this is an area, no guarantee it reaches this price, but you should be selling on the way up) Stop: Depending on your risk tolerance; Based on an entry of 44.90, 42.19 gets you 3/1 Reward to Risk Ratio. This LONG swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while evaluating this trade idea. Do not take this trade based on my idea, do not follow anyone blindly, do your own analysis and due diligence. I am not a professional trader.
NASDAQ:APPLong
by tradepatiently
2
APP | Oversold Bounce In Order | LONGAppLovin Corporation engages in building a software-based platform for mobile app developers to enhance the marketing and monetization of their apps in the United States and internationally. The company's software solutions include AppDiscovery, a marketing software solution, which matches advertiser demand with publisher supply through auctions; Adjust, an analytics platform that helps marketers grow their mobile apps with solutions for measuring, optimizing campaigns, and protecting user data; and MAX, an in-app bidding software that optimizes the value of an app's advertising inventory by running a real-time competitive auction. Its business clients include various advertisers, publishers, internet platforms, and others. The company was incorporated in 2011 and is headquartered in Palo Alto, California.
NASDAQ:APPLong
by DivergenceSeeker
2
APP Potential Spring - Waiting for backtestEyeballing APP here. On the daily we have three drives of classic bullish divergence on the MACD indicating price action reversal. So far, the price has indeed rallied. If APP can successfully backtest that $49.86 previous all-time low close here in late march, then I'll take a long with the chance for a very nice April/May return. Also, the sellers failed to push the price down to the bottom of that descending channel. Further signalling a greater chance of a reversal and eventual breakout to the upside. Entry: None yet, need a successful backtest of the spring.
NASDAQ:APPLong
by MediumOfEscape