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According to the 15-minute chart of Applovin, there are several technical indicators that suggest a potential downward trend in the stock price. The Moving Average Convergence Divergence (MACD) has crossed below the signal line, a phenomenon known as a "death cross," which often signals a decline in the stock price. Additionally, the Bollinger Bands are narrowing, which indicates a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ indicator has also crossed below the 50-level, a "death cross" event that suggests a shift in momentum towards the downside and a potential decrease in the stock price. These technical indicators collectively point towards a potential continuation of the downward trend in Applovin's stock price.
AppLovin Corporation (NASDAQ: APP) has seen several technical indicators pointing towards a potential downward trend in its stock price. According to the 15-minute chart, the Moving Average Convergence Divergence (MACD) has crossed below the signal line, a phenomenon known as a "death cross," which often signals a decline in the stock price [1]. Additionally, the Bollinger Bands are narrowing, indicating a decrease in the magnitude of stock price fluctuations. Furthermore, the KDJ indicator has also crossed below the 50-level, a "death cross" event that suggests a shift in momentum towards the downside and a potential decrease in the stock price [2].
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