Eben@CANSLIM ResearchApplovin (APP) is in a confirmed Stage 4 decline, trading at 318.68, a full 56.6% below its pivot of 733.60. The stock has failed all eight trend-template checks, with price below a declining 30-week moving average and no bullish structure in place. The 32-week base is classified as faulty due to excessive depth, and the overall sentiment is bearish, urging a defensive stance.
Technical Analysis
As of 2026-08-11 · Close $318.68
Stage Analysis
Stage 4 (Declining) — Price below a declining 30-week MA — downtrend (30-week MA 6-week slope: -9.3%)
Detected Patterns — What the Market Is Watching
- Deep Base (>33% — elevated failure rate) — depth 56.6%, length 32 weeks, pivot $733.6. Base formed from 2025-12-22 (left-side high) to 2026-08-11, with the low of $318.68 set on 2026-08-11
⚠️ Faulty cup warning: the base is 56.6% deep (above the 38–40% threshold). A correction this deep leaves heavy overhead supply — trapped holders from higher prices are likely to sell into any rally, raising the failure rate of a breakout from this base.
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