Jim Cramer Made 'FAANG' Popular, Now He Says There's A New Acronym To Describe These Retail Favorite Stocks — 'PARC'
Jim Cramer's New Acronym: Jim Cramer introduced the acronym "PARC" for meme stocks, which includes Palantir Technologies, AppLovin Corp, Robinhood Markets, and Coinbase Global, highlighting their popularity and volatility among retail investors.
Market Impact and Reactions: Cramer's acronym received mixed reactions online, with some users suggesting alternatives like "CRAP" due to high valuations; this follows his history of creating catchy acronyms for market favorites, such as "FANG."
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Technical Analysis for APP
Technical Sentiment Analysis for RWAX (APP) As of , RWAX (APP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for APP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, APP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
RWAX (APP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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