SNAP INC - A (SNAP) Stock Technical Analysis
NYSE:SNAP - US83304A1060 - Common Stock
7.14 USD
+0.04 (+0.56%)
7.15 USD
+0.01 (+0.14%)
We assign a technical rating of 0 out of 10 to SNAP. SNAP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, SNAP is a bad performer in the overall market: 90% of all stocks are doing better.
SNAP is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 77% are performing better than SNAP.
SNAP is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
In the last month SNAP has a been trading in the 6.98 - 9.54 range, which is quite wide. It is currently trading near the lows of this range.
SNAP has an average volume of 47425700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of SNAP is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
6.91
10.00
When analyzing the support we notice one important area.
- Support @6.98 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 7.35 to 7.44. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @9.29 from a trend line in the weekly time frame.
- Resistance @9.90 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 SNAP is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNAP is down. |
| ChartMill Relative Strength | 10.93 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 89.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNAP is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNAP is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 36.14 | NEUTRAL | The RSI value for SNAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests SNAP has a positive trend. |
| Stochastics (14,3) | 21.14 | NEUTRAL | The Stochastics value for SNAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SNAP suggests some volalility. |
| Average Directional Index/ADX (14) | 28.93 | POSITIVE | The high ADX value value for SNAP suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
7.14
+0.04 (+0.56%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg0.56%
1 Week-0.83%
2 Weeks-0.14%
1 Month-21.1%
3 Month-13.45%
6 Month-30.34%
12 Month-23.55%
2 Year-31.01%
3 Year-34.37%
5 Year-68.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%4.69%
ATR Inc-5.21%
Range Today0.24
ADR(20)0.25
ADR(20)%3.46%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.93
Mansfield-3.31
10 Day High7.41
10 Day Low6.98
20 Day High9.55
20 Day Low6.98
52 Week High13.28
52 Week Low6.98
CS1 End6.98
CR1 Start7.35
Volume & EV
DER(3)3.06%
DER(5)0.8%
Volume78.00M
Volume Incr-3.66%
Vol(5)55.20M
Vol(50)47.43M