SNAL Technical Analysis - SNAIL INC - CLASS A

Technical Rating and Analysis

Overall SNAL gets a technical rating of 3 out of 10. In the past year, SNAL was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.

95% of all other stocks performed better in the past year than SNAL.

SNAL is part of the Entertainment industry. There are 79 other stocks in this industry, of which 75% are performing better than SNAL.

SNAL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month SNAL has a been trading in the 0.94 - 1.38 range, which is quite wide. It is currently trading near the lows of this range.

Prices have been falling strongly lately, it is better to avoid new long positions here.

The long and short term trends are both neutral. This gives a pretty neutral overall picture!

Considerably lower volume is observed in the last couple of days.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

SNAIL INC - CLASS A / SNAL Weekly stock chart

SNAIL INC - CLASS A / SNAL Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, SNAL does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.

More info and screens

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

0.77

1.32

When analyzing the support we can see 4 important areas.

A support zone ranging from 1.00 to 1.00. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
Support @0.90 from a trend line in the daily time frame.
A support zone ranging from 0.88 to 0.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @0.78 from a trend line in the weekly time frame.

We can see 3 important resistance areas.

Resistance @1.18 from a horizontal line in the weekly time frame.
Resistance @1.25 from a trend line in the daily time frame.
Resistance @1.31 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	NEUTRAL	NEUTRAL	The long term trend for SNAL is neutral.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for SNAL is neutral.
ChartMill Relative Strength	5.2	NEGATIVE	SNAL has a low relative strength, it was outperformed by 94.8% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of SNAL is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SNAL is above 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)	47.7	NEUTRAL	The RSI value for SNAL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests SNAL has a negative trend.
Stochastics (14,3)	19.59	OVERSOLD	The low Stochastics value suggests SNAL may be oversold.
Average True Range in percent/ATR (20)	11.63	HIGH VOLATILITY	The high ATR as a percentage value for SNAL suggests high volalility.
Average Directional Index/ADX (14)	26.02	POSITIVE	The high ADX value value for SNAL suggests a strong trend.