Unlocking the high Growth Potential of NASDAQ:APP.

APPLOVIN CORP-CLASS A (NASDAQ:APP) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NASDAQ:APP.

What is the technical picture of NASDAQ:APP telling us.

At ChartMill, a crucial aspect of their analysis is the assignment of a Technical Rating to each stock. This rating, ranging from 0 to 10, is calculated daily by considering numerous technical indicators and properties.

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.

• The long and short term trends are both positive. This is looking good!
• Looking at the yearly performance, APP did better than 99% 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 part of the Software industry. There are 280 other stocks in this industry. APP outperforms 97% of them.
• APP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so APP is lagging the market slightly.
• In the last month APP has a been trading in the 308.13 - 417.63 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Our latest full technical report of APP contains the most current technical analsysis.

How does the Setup look for NASDAQ:APP

Besides the Technical Rating, ChartMill assigns a Setup Rating to every stock to determine the degree of consolidation. This rating, ranging from 0 to 10, is updated daily and evaluates various short-term technical indicators. NASDAQ:APP currently holds a 7 as its setup rating, suggesting a particular level of consolidation in the stock.

Besides having an excellent technical rating, APP also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 341.61, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

What matters for high growth investors.

• APPLOVIN CORP-CLASS A has shown positive momentum in its earnings per share (EPS) on a quarter-to-quarter (Q2Q) basis, with a 317.0% increase. This reflects the company's successful execution of its business strategies and its commitment to delivering improved financial results.
• APPLOVIN CORP-CLASS A has achieved 38.64% growth in its revenue over the previous quarter, signaling positive momentum in its financial performance and potential market opportunities.
• APPLOVIN CORP-CLASS A has achieved significant 1-year revenue growth of 41.48%, signaling its ability to capture market opportunities and drive top-line expansion. This growth indicates the company's effective execution and its potential for continued success.
• The average next Quarter EPS Estimate for APPLOVIN CORP-CLASS A has experienced a 46.79% change in the last 3 months, reflecting evolving expectations by analysts regarding the company's EPS performance.
• The recent financial report of APPLOVIN CORP-CLASS A demonstrates a 317.0% increase in quarterly earnings compared to the previous quarter. This growth indicates positive momentum in the company's financials and suggests a promising upward trend
• APPLOVIN CORP-CLASS A has experienced notable growth in its operating margin over the past year, reflecting improved operational performance. This growth suggests the company's ability to generate higher profits from its core business activities.
• APPLOVIN CORP-CLASS A has shown positive growth in its free cash flow (FCF) over the past year, indicating improved cash generation and financial strength. This growth highlights the company's ability to effectively manage its cash flows and generate surplus funds.
• The Return on Equity (ROE) of APPLOVIN CORP-CLASS A stands at 123.0%, reflecting the company's strong profitability and effective utilization of shareholder equity. This metric signifies the company's ability to generate returns for its investors.
• The ownership composition of APPLOVIN CORP-CLASS A reflects a balanced investor ecosystem, with institutional shareholders owning 60.79%. This indicates a broader market participation and potential for increased trading liquidity.
• APPLOVIN CORP-CLASS A has consistently exceeded EPS estimates in the last 4 quarters, demonstrating its ability to outperform market expectations. This trend highlights the company's strong financial performance and its potential for future growth.
• The Relative Strength (RS) of APPLOVIN CORP-CLASS A has consistently been strong, with a current 99.38 rating. This indicates the stock's ability to exhibit relative price outperformance and reflects its competitive strength. APPLOVIN CORP-CLASS A demonstrates promising potential for sustained price momentum.

More high growth momentum breakout stocks can be found in our High Growth Momentum Breakout screen.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.