APP Rallies to $714.23 on Bullish EMA Alignment

Applovin Corp (APP) closed down 1.83% at $714.23 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Price trades above the 9-day EMA ($708.73) with a bullish stack. The 21-day EMA at $682.93 provides support.
• Momentum: RSI at 66.2 is in neutral territory but trending lower. MACD is bullish (28.99 vs signal 26.69).
• Volatility: Bollinger Band width at 20.6% indicates normal volatility.

While the trend remains bullish, elevated RSI warrants caution for new entries at current levels.

Key levels to watch: Support at $616.75, Resistance at $758.09.