SNAP INC - A (SNAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNAP - US83304A1060 - Common Stock
Taking everything into account, SNAP scores 6 out of 10 in our technical rating. SNAP has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SNAP has an average technical rating and it also does not offer a high 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.
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6.91
When analyzing the support we can see 3 important areas.
- A support zone ranging from 7.91 to 7.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.30 from a horizontal line in the daily time frame.
- A support zone ranging from 6.98 to 7.13. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 8.54 to 8.58. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @8.75 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 | NEUTRAL | NEUTRAL | The long term trend for SNAP is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNAP is up. |
| ChartMill Relative Strength | 16.73 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 83.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNAP is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNAP is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SNAP is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.56 | NEUTRAL | The RSI value for SNAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests SNAP has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.43 | NEUTRAL | The Stochastics value for SNAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for SNAP suggests some volalility. |
| Average Directional Index/ADX (14) | 19.25 | NEGATIVE | The low ADX value for SNAP suggests a weak or negative trend. |
8.21
-0.19 (-2.26%)
SNAP INC - A / SNAP FAQ
What is the technical rating for SNAP stock?
ChartMill assigns a technical rating of 6 / 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 54.5582. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SNAP INC - A?
The short term momentum for SNAP INC - A (SNAP) is positive.
Can you provide the support and resistance levels for SNAP INC - A?
SNAP INC - A (SNAP) has a support level at 7.94 and a resistance level at 8.54. Check the full technical report for our detailed analysis of SNAP support and resistance levels.