Resistance

Time

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>APPS stock price fell approximately 23.00% in September 2023.</a> </li> 
 <li> <span>2</span> <a>Digital Turbine stock price hit a 52-week low at $6.41.</a> </li> 
 <li> <span>3</span> <a>APPS stock price is trading below the 50-day and 200-day EMA showcasing a downtrend.</a> </li> 
</ul> 
<p>APPS stock price fell 23% in the current month and down by 54.49% on a YTD basis. It declined by forming lower low swings and eroded a big portion of its market capitalization.&nbsp;</p> 
<p>Digital Turbine stock price is trading below the 200-day EMA and 50-day EMA. It showcases that the short-term as well as positional trend is in a downward direction.&nbsp;</p> 
<p>However, the current price is trading far away from the EMA. So, a temporary pullback rally is possible to test the EMA.&nbsp;</p> 
<p>Digital Turbine Inc. released the previous quarter earnings on August 8, 2023. It reported an EPS of 0.18 and a revenue of $146.366 Million. The company beats the EPS estimate by 41.77% and the revenue estimate by 2.26%.&nbsp;</p> 
<p>Despite that APPS stock price reacted negatively and continued the downward momentum. The price behavior of the stock is highly volatile and wide gaps are also visible. It shows that speculators are more active as genuine buyers.&nbsp;</p> 
<p>The short-term pullbacks are getting rejected on a daily basis which shows the dominance of sellers. APPS stock price closed the previous session at $6.84 with an intraday decline of -1.44%.</p> 
<h2 class="wp-block-heading" id="strong-will-apps-stock-price-decline-further-strong"><strong>Will APPS Stock Price Decline Further?</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img decoding="async" loading="lazy" width="1024" height="434" src="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-1024x434.png" alt="" class="wp-image-168250" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-1024x434.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-300x127.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-768x325.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-1536x651.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-750x318.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442-1140x483.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2023/09/image-442.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   NASDAQ: APPS daily chart by <a href="https://www.tradingview.com/x/VVOkZmXe/" target="_blank" rel="noreferrer noopener">TradingView</a>
  </figcaption>
 </figure>
</div> 
<p>APPS stock price has not performed well in 2023 and disappointed the expectations of the long-term investors. The price pattern of the Digital Turbine stock is highly bearish.&nbsp;</p> 
<p>This kind of massive gap has raised concern for its long-term investors. It indirectly denotes that the future outlook is not bright.&nbsp;</p> 
<p>In the past 2 quarters, the net income of Digital Turbine turned negative. It hurt the sentiments of long-term investors and triggered a massive sell-off from the higher levels.&nbsp;</p> 
<p>The technical analysis suggests APPS <a href="https://www.thecoinrepublic.com/2023/09/14/pg-stock-price-analysis-pg-stock-good-for-long-term-pick/" target="_blank" rel="noreferrer noopener">stock price </a>is in bear grip and more downfall is pending.</p> 
<h3 class="wp-block-heading" id="strong-digital-turbine-stock-forms-bearish-pattern-on-multiple-time-frames-strong"><strong>Digital Turbine Stock Forms Bearish Pattern on Multiple Time Frames</strong></h3>  
<div class="tradingview-widget-container">
  &nbsp;&nbsp;
 <div id="tradingview_f0679"></div> &nbsp;&nbsp;
 <div class="tradingview-widget-copyright">
  <a href="https://www.tradingview.com/" rel="noopener nofollow" target="_blank"><span class="blue-text">Track all markets on TradingView</span></a>
 </div> &nbsp;&nbsp;
 <script type="text/javascript" src="https://s3.tradingview.com/tv.js"></script> &nbsp;&nbsp;
 <script type="text/javascript">

  new TradingView.widget(

  {

  "width": 950,

  "height": 500,

  "symbol": "NASDAQ:APPS",

  "interval": "D",

  "timezone": "Etc/UTC",

  "theme": "dark",

  "style": "1",

  "locale": "en",

  "enable_publishing": true,

  "allow_symbol_change": true,

  "studies": [

    "STD;Supertrend"

  ],

  "container_id": "tradingview_f0679"

}

  );

  </script> 
</div>  
<p>Digital Turbine stock price is forming a bearish pattern on multiple time frames. However, the prices look highly oversold, and short sellers are also active. So, the risk of a short squeeze is also high.&nbsp;</p> 
<p>The MACD curve generates a negative crossover and slopes downward. The histogram bar is also in a declining phase which indicates the weakness. The RSI at 18 denotes oversold territory so be prepared for a relief rally in the coming months.&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion</strong></h4> 
<p>APPS stock price fell 23% in September 2023 and eroded a big portion of the market capitalization.&nbsp;</p> 
<p>Digital Turbine stock has corrected a lot and looks oversold. So, a wild short squeeze may trigger any time to clear out the previous shorts.</p> 
<h5 class="wp-block-heading"><strong>Technical Levels</strong></h5> 
<ul> 
 <li>Resistance levels: $10.00 and $11.37</li> 
 <li>Support levels: $6.00 and $5.00</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

APPS Stock Price Hits 52-Week Low; Be Careful of Short Squeeze

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