SNAP INC - A (SNAP) Technical Analysis
NYSE:SNAP • US83304A1060
Taking everything into account, SNAP scores 0 out of 10 in our technical rating. 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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 93% of all other stocks performed better in the past year than SNAP.
- SNAP is part of the Interactive Media & Services industry. There are 69 other stocks in this industry, of which 67% are performing better than SNAP.
- SNAP is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so SNAP is lagging the market.
- In the last month SNAP has a been trading in the 4.64 - 5.52 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.
- SNAP has an average volume of 50932100 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
4.60
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.26 to 7.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @7.56 from a trend line in the weekly time frame.
- Resistance @8.18 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 | 7.69 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 92.31% 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) | 27.79 | OVERSOLD | The low RSI value suggests SNAP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests SNAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 10.2 | OVERSOLD | The low Stochastics value suggests SNAP may be oversold. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for SNAP suggests high volalility. |
| Average Directional Index/ADX (14) | 31.24 | POSITIVE | The high ADX value value for SNAP suggests a strong trend. |
SNAP Technicals: Chart, Performance Metrics, Trend & Indicators
4.65
-0.21 (-4.32%)
SNAP INC - A / SNAP FAQ
What is the technical rating for SNAP stock?
ChartMill assigns a technical rating of 0 / 10 to SNAP.
What is the trend direction for SNAP stock?
The current trend direction for SNAP INC - A (SNAP) is Bearish.
What is the RSI signal for SNAP INC - A (SNAP) stock?
SNAP INC - A (SNAP) has an RSI value of 27.7928. This indicates that the stock is currently oversold.
Can you provide the short term momentum for SNAP INC - A?
The short term momentum for SNAP INC - A (SNAP) is negative.
Can you provide the support and resistance levels for SNAP INC - A?
SNAP INC - A (SNAP) has a resistance level at 7.26. Check the full technical report for our detailed analysis of SNAP support and resistance levels.