The remarkable growth story of AppLovin is a lesson in savvy business strategies, technological prowess, and insightful use of data analysis. Rising an impressive 1,303% its ascent is primarily credited not just to the strength of its product, but significantly due to a powerful tool in the background: the SCTR (StockCharts Technical Rank) Report.
The SCTR Report serves as a transformative instrument in unearthing the hidden potential of stocks in various sectors. This dynamic metric is an ingenious tool for traders, investors and financial analysts as it provides a simple numeric score for comparing the technical strength of stocks across different groups. The power of this report becomes clear when illustrated by AppLovin’s surging position on the stage of the global market.
AppLovin’s initial business model, which revolved around mobile game development, acted as a strong foundation for its success. Their portfolio of engaging and addictive games attracted a massive user base, creating a strong and resilient financial ecosystem for AppLovin. However, it was their strategic decision to pivot towards mobile advertising that acted as a catalyst for their meteoric rise. Understanding the profit potential of mobile advertising, they revolutionized the use of real-time data to drive user engagement and consequently, profitability.
The SCTR Report played a pivotal role in tracking and understanding these transitions and strategic maneuvers. By providing a comprehensive analysis of price movements and technical indicators, the SCTR report allowed potential investors to gauge AppLovin’s evolving market strength.
With a score above 75 considered particularly strong, AppLovin’s score was witness to a rapid rise, breaching the coveted 99.9 level. This escalation was unprecedented, apparent from the fact that only top 0.1% of all significant stocks achieve a rank above 99, compelling investors to take notice.
A significant aspect the SCTR report analyzes is a company’s long-term indicators (125-day rate of change and P&F Price objectives), which presents a clear picture of a company’s potential for gaining momentum. Coupled with medium-term indicators (rate of change over 20-60 days) and short-term indicators (3-14 days), an analyst equipped with the SCTR report has a formidable tool for gauging a company’s performance potential across varying timescales.
In the case of AppLovin, the SCTR report was prophetic, predicting the steep trajectory of its progressive ascent. The indicators spoke a language of bullishness, with the consistency in its SCTR
