SNAIL INC - CLASS A (SNAL) Stock Technical Analysis
USA - NASDAQ:SNAL - US83301J1007 - Common Stock
Taking everything into account, SNAL scores 1 out of 10 in our technical rating. SNAL scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, SNAL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.00, a Stop Loss order could be placed below this zone.
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When analyzing the support we can see 5 important areas.
- A support zone ranging from 0.99 to 1.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.92 from a trend line in the daily time frame.
- Support @0.90 from a trend line in the weekly time frame.
- Support @0.88 from a horizontal line in the daily time frame.
- Support @0.79 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 1.02 to 1.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @1.09 from a trend line in the daily time frame.
- Resistance @1.25 from a trend line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for SNAL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNAL is down. |
| ChartMill Relative Strength | 26.32 | NEGATIVE | SNAL has a low relative strength, it was outperformed by 73.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNAL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of SNAL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNAL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.02 | NEUTRAL | The RSI value for SNAL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests SNAL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.7 | NEUTRAL | The Stochastics value for SNAL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.94 | HIGH VOLATILITY | The high ATR as a percentage value for SNAL suggests high volalility. |
| Average Directional Index/ADX (14) | 20.22 | NEUTRAL | The ADX value for SNAL suggests a possible start of a new trend. |
1.015
-0.01 (-0.49%)
SNAIL INC - CLASS A / SNAL FAQ
What is the technical rating for SNAL stock?
ChartMill assigns a technical rating of 1 / 10 to SNAL.
Can you provide the trend direction for SNAIL INC - CLASS A?
The current trend direction for SNAIL INC - CLASS A (SNAL) is Bearish.
Can you provide the RSI signal for SNAIL INC - CLASS A?
SNAIL INC - CLASS A (SNAL) has an RSI value of 47.0191. This indicates that the stock is currently neutral.
What is the short term momentum for SNAL stock?
The short term momentum for SNAIL INC - CLASS A (SNAL) is negative.
What is the buy/sell signal for SNAL stock?
The buy/sell signal for SNAIL INC - CLASS A (SNAL) is sell as both the short term and long term trends are negative.