Applovin Jumps 6.2% On Bullish Technicals As Volume Surges To 6.22M Shares

Applovin (APP) advanced 6.21% in the latest session, closing at $355.90 after trading between $342.11 and $362.53, accompanied by robust volume of 6.22 million shares. This marks a significant recovery from recent lows, suggesting potential bullish momentum resurgence.
Candlestick Theory
The recent price action reveals a bullish reversal pattern. The July 14 session formed a decisive white candle that eclipsed the prior three days’ range, signaling strong buying pressure after a consolidation phase near $332–$335. Key resistance is evident at $362–$364, aligning with the June swing highs. Sustained closes above $364 could invalidate the mid-June breakdown and target $380. Immediate support rests at $335 (July 11 low), with secondary support near $325.
Moving Average Theory
The 50-day moving average (MA) currently oscillates near $350, while the 100-day and 200-day MAs converge around $340–$345, reflecting underlying bullish long-term structure. The July 14 close above the 50-day MA indicates rejuvenated short-term momentum. A golden cross formation emerged in April when the 50-day MA surpassed the 200-day MA, and this bullish alignment persists. Continued trading above the 50-day MA would reinforce the uptrend.
MACD & KDJ Indicators
The MACD histogram has shifted into positive territory following a bullish crossover, signaling recovering momentum after a month-long bearish phase. The KDJ oscillator exited oversold conditions (below 30) in late June, with the %K line crossing above %D, supporting near-term bullish sentiment. However, the J-line now approaches overbought territory (>80), warranting vigilance for potential near-term consolidation.
Bollinger Bands
Volatility expanded sharply during the June decline, with price breaching the lower band amid panic selling. The July rebound has now pushed the price above the 20-day moving average ($349). Bollinger Band width remains elevated, indicating ongoing volatility sensitivity. A sustained hold above the midline ($349) could fuel a test of the upper band near $375.
Volume-Price Relationship
The bullish July 14 session featured the highest volume in two weeks (6.22M shares), validating the breakout. Recent down days (e.g., July 11 decline on 3.58M shares) showed diminished volume, suggesting limited conviction behind pullbacks. The volume profile confirms accumulation near $330–$340, providing a foundation for upward momentum.
Relative Strength Index (RSI)
The 14-day RSI rebounded sharply from oversold levels (recently dipping below 40) to its current reading near 60. This recovery reflects strengthening momentum, though the absence of overbought conditions (>70) leaves room for additional upside. Bearish divergence in June (higher highs in price versus lower highs in RSI) highlighted prior weakening momentum, but this has now been resolved.
Fibonacci Retracement
Using the June peak ($426.52) and July low ($332.32) as anchor points, the 23.6% retracement level ($354.54) was decisively breached on July 14. This opens a path toward the 38.2% retracement at $368.30. Confluence exists here with the July 9 high ($362.64), making $368–$372 a critical resistance zone. A breakout would target the 50% retracement at $379.
Confluence and Probable Path
Multiple indicators align near current levels: The candlestick breakout, volume confirmation, Fibonacci threshold ($354), and MA cluster ($340–$350) collectively reinforce $330–$335 as critical support. The converged resistance at $362–$368 requires monitoring – a decisive close above this zone would signal trend resumption toward $380. Divergence risks appear limited presently, though KDJ’s proximity to overbought territory suggests potential near-term consolidation before further upside. The technical structure favors bullish continuation above $335, with invalidation below $325.