AppLovin continues to outperform competitors in the ad market
Mobile games and software company AppLovin Corp. has received a positive recommendation from global financial services company Macquarie. Analysts believe now may be a good time to buy AppLovin shares amid adverse investor reactions.
This was due to Apple's presentation of its AdAttributionKit program for advertising analytics. While it complies with the European Union's strict requirements for personal data treatment, it has naturally raised concerns about AppLovin's ability to purchase advertising space in App Store apps.
Macquarie believes that AdAttributionKit only updates Apple's old advertising software and does not threaten AppLovin's business. AppLovin has its Axon 2 technology, which utilises artificial intelligence (AI) algorithms to manage ad bidding. This technology still has substantial competitive advantages and can work under restrictions on personal data usage.
Let's review the technical analysis of AppLovin Corp. (NASDAQ: APP) shares to explore potential trading opportunities.
On the daily (D1) timeframe, resistance has formed at 87.95 USD, with support at 73.45 USD. The breach of the support line suggests a potential formation of a side channel. However, as long as the support level is not breached downward, there remains significant potential for further growth. In case of a downward trend, the target for the fall may be set at 66.50 USD.
If an upward trend persists and the resistance level at 87.95 USD is broken through, the short-term target could be set at 97.15 USD. In the medium term, the price may rise to 106.50 USD.
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Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
This was due to Apple's presentation of its AdAttributionKit program for advertising analytics. While it complies with the European Union's strict requirements for personal data treatment, it has naturally raised concerns about AppLovin's ability to purchase advertising space in App Store apps.
Macquarie believes that AdAttributionKit only updates Apple's old advertising software and does not threaten AppLovin's business. AppLovin has its Axon 2 technology, which utilises artificial intelligence (AI) algorithms to manage ad bidding. This technology still has substantial competitive advantages and can work under restrictions on personal data usage.
Let's review the technical analysis of AppLovin Corp. (NASDAQ: APP) shares to explore potential trading opportunities.
On the daily (D1) timeframe, resistance has formed at 87.95 USD, with support at 73.45 USD. The breach of the support line suggests a potential formation of a side channel. However, as long as the support level is not breached downward, there remains significant potential for further growth. In case of a downward trend, the target for the fall may be set at 66.50 USD.
If an upward trend persists and the resistance level at 87.95 USD is broken through, the short-term target could be set at 97.15 USD. In the medium term, the price may rise to 106.50 USD.
__
Ideas and other content presented on this page should not be considered as guidance for trading or an investment advice. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
The material presented and the information contained herein is for information purposes only and in no way should be considered as the provision of investment advice for the purposes of Investment Firms Law L. 87(I)/2017 of the Republic of Cyprus or any other form of personal advice or recommendation, which relates to certain types of transactions with certain types of financial instruments.
Risk Warning: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69.88% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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