Applovin Jumps 4.88% to $350.08 as Technicals Signal Bullish Momentum

Applovin (APP) advanced 4.88% in the latest session, closing at $350.08 after fluctuating between $340.05 and $361.76. The subsequent analysis employs multiple technical frameworks to assess the stock's trajectory.
Candlestick Theory
Recent candlesticks show a bullish engulfing pattern emerging near the $330–$338 support zone, validated by the 06/30 session closing near its high after the prior day’s decline. Resistance is evident near $362–$372, aligning with the 06/25 and 06/20 swing highs. A confirmed close above $362 would signal bullish continuation, while failure to hold $340 may renew selling pressure.
Moving Average Theory
The 50-day MA (currently ~$342) recently acted as dynamic support during the 06/23 dip. Crucially, the 50-day crossed above both the 100-day (~$325) and 200-day (~$285) MAs in Q2 2025, confirming a long-term bullish structure. The current price trading above all three key MAs suggests persistent upward momentum, though stretched deviations from the 50-day MA warrant caution for short-term consolidation.
MACD & KDJ Indicators
MACD shows a bullish crossover emerging below the zero line, hinting at potential momentum recovery from oversold conditions. The KDJ oscillator exited oversold territory (K: 28, D: 22) on 06/27 and is now trending upward (K: 45, D: 35). While not yet overbought, accelerating K-line slope suggests growing bullish momentum. Divergence occurred earlier this month when price made lower lows while KDJ formed higher lows, foreshadowing the recent rebound.
Bollinger Bands
Bands contracted sharply during June’s consolidation, with the 06/27 close touching the lower band preceding the rebound. Recent expansion aligns with renewed upside volatility. Price currently trades near the midline ($352), implying neutral momentum. A sustained move toward the upper band (~$375) would signal strengthening bullish conviction.
Volume-Price Relationship
The 06/30 rally occurred on below-average volume, slightly undermining its validity. Notable bullish volume confirmations occurred during key breakout sessions—e.g., 05/13 (+6.4% on 40% above-average volume) and 04/09 (+16.9% on record volume). Conversely, the 06/20 sell-off saw high volume, cementing $345 as formidable resistance now turned support. Sustained advances require volume expansion to confirm institutional participation.
Relative Strength Index (RSI)
The 14-day RSI (currently 54) rebounded from near-oversold levels (30.6 on 06/27), reflecting easing downward pressure. While neutral now, prior overbought peaks (RSI >75 in February/March) preceded multi-week corrections. RSI divergence was observed in late June as price made lower lows while RSI formed higher lows—a reliable reversal signal that anticipated the current bounce.
Fibonacci Retracement
Applying Fibonacci to the upswing from the April low ($228) to the June high ($426) shows the 38.2% retracement ($332) and 50% level ($327) providing robust support during June’s pullback. The 61.8% retracement ($310) remains critical long-term support. Near-term resistance converges at the 23.6% retracement ($365), with a break above targeting the 0% extension at $426.
Confluence and Divergence Observations
Multiple indicators reinforce $332–$340 as strategic support, where:
- Price tested the 38.2% Fibonacci level
- KDJ and RSI showed bullish divergence
- Volume-driven reversal occurred on 06/23
- 50-day MA provided dynamic underpinning
Notable bearish divergence occurred in early June as RSI and MACD peaked lower while price hit new highs—warning of the subsequent 20% correction. Currently, MACD/KDJ momentum recovery suggests upside potential, but low volume on recent gains and RSI neutrality imply consolidation precedes further directional commitment. Probable near-term range between $340 support and $365 resistance, with breach of either level offering significant directional cues.