AppLovin Stock Surged Nearly 30% After Earnings—Watch These Key Price Levels | Global News Avenue

Applovin(app) Stocks soared nearly 30% in Wednesday’s expansion trading Artificial Intelligence (AI)– The capability of advertising platform is Wall Street’s fourth-quarter earnings forecast and released a current quarterly outlook that exceeded expectations.

The company’s software can help Monetization Targeted gaming apps, expected in the first quarter income Between $1.36 billion and $1.39 billion, it can easily surpass analysts’ expectations of $1.32 billion. Executives said net sales of $1 billion will come from Appleovin’s advertising space, adding that the company is still in the early stages of strengthening its AI model.

Appleovin shares have grown 17% since the shutdown on Wednesday, up more than 700% in the past 12 months as demand for the company’s AI-powered advertising system soared.

Next, we break down technology On Applovin Weekly chart And point out the key lethal price levels worth a look.

Breakthrough of the championship mode

Since arriving at them Highest history (ATH) In early December, Appleovin shared a merged Bandantea chart pattern for a signal continue The upward trend of stocks.

Indeed, prices look to rise sharply on Thursday, laying the foundation for the stock’s next move.

and Relative Strength Index (RSI) Confirm bullish price momentum, read more than 70, move to higher Overbought The territory has also been increased with Make a profit.

Let’s apply Technical Analysis Predicting a rise Price target And find several majors Support level It may work during potential echoes.

Measured moving target target

To predict the target of the upward target, investors can use measurement mobile technology or be known by chart observers. Measurement principle.

When applying the analysis to the chart of Applovin, we calculated the distance to the uptrend immediately following Bandannan point And add that amount to the upper trend line of the pattern.

For example, we added $357 to $397, with the price increase target price of $754, and the region may decide on the decision Lock profits.

Main support levels for viewing

period Callbackthe stock may initially drop to around $290. This level on the chart may provide support near the lows of the pennant pattern, which is closely aligned with the weekly closing price widely The bar in early November.

Sales below this level can fall to around $168, and the stock may attract purchase interest near the price of the acquisition right 50-period moving average and a brief merger before the election-driven surge last November.

Finally, a deeper person correct In Appleovin, stocks may trigger a drop to lower support by about $116. Investors hired Buy Strategies can seek entry points for the area in the area in November 2021 Swivel high.

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As of the date of writing this article, the author does not own any of the above securities.