How the (APP) price action is used to our Advantage
July 29, 2024, 19:54 pm ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for APP
- Buy APP slightly over 72.82 target 84.03 stop loss @ 72.61 Details
The technical summary data tells us to buy APP near 72.82 with an upside target of 84.03. This data also tells us to set a stop loss @ 72.61 to protect against excessive loss in case the stock begins to move against the trade. 72.82 is the first level of support below 76 , and by rule, any test of support is a buy signal. In this case, support 72.82 would be being tested, so a buy signal would exist.
- Short APP slightly under 84.03, target 72.82, stop loss @ 84.27 Details
The technical summary data is suggesting a short of APP as it gets near 84.03 with a downside target of 72.82. We should have a stop loss in place at 84.27though. 84.03 is the first level of resistance above 76, and by rule, any test of resistance is a short signal. In this case, if resistance 84.03 is being tested, so a short signal would exist.
Swing Trading Plans for APP
- Buy APP slightly over 79.71, target 84.03, Stop Loss @ 79.48 Details
If 79.71 begins to break higher, the technical summary data tells us to buy APP just slightly over 79.71, with an upside target of 84.03. The data also tells us to set a stop loss @ 79.48 in case the stock turns against the trade. 79.71 is the first level of resistance above 76, and by rule, any break above resistance is a buy signal. In this case, 79.71, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short APP slightly near 79.71, target 74.4, Stop Loss @ 79.94. Details
The technical summary data is suggesting a short of APP if it tests 79.71 with a downside target of 74.4. We should have a stop loss in place at 79.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 79.71, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for APP
- Buy APP slightly over 76.97, target 79.71, Stop Loss @ 76.79 Details
If 76.97 begins to break higher, the technical summary data tells us to buy APP just slightly over 76.97, with an upside target of 79.71. The data also tells us to set a stop loss @ 76.79 in case the stock turns against the trade. 76.97 is the first level of resistance above 76, and by rule, any break above resistance is a buy signal. In this case, 76.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short APP slightly near 76.97, target 74.4, Stop Loss @ 77.15. Details
The technical summary data is suggesting a short of APP if it tests 76.97 with a downside target of 74.4. We should have a stop loss in place at 77.15 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 76.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Applovin Corporation (APP) available here: APP.
APP Ratings for July 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
72.82 |
| P2 |
73.2 |
74.4 |
84.03 |
| P3 |
76.97 |
79.71 |
96.09 |
AI Generated Signals for APP
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Applovin Corporation (NYSE: APP) data table below can help you with price action, and we have more details too. Trading plans for APP are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for APP:
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