SNAP INC - A (SNAP) Stock Technical Analysis
NYSE:SNAP - New York Stock Exchange, Inc. - US83304A1060 - Common Stock - Currency: USD
Overall SNAP gets a technical rating of 0 out of 10. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
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 one of the lesser performing stocks in the Interactive Media & Services industry. 71% of 71 stocks in the same industry do better.
SNAP is currently trading near the lower end of its 52 week range, which is not a good sign. 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 7.90 - 8.95 range, which is quite wide. It is currently trading near the lows of this range.
SNAP has an average volume of 39386500 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SNAP has a poor technical rating and the quality of the setup is also not perfect 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
7.86
17.22
When analyzing the resistance we notice 7 important areas.
- A resistance zone ranging from 8.29 to 8.43. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.58 to 8.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.76 from a horizontal line in the weekly time frame.
- Resistance @8.92 from a trend line in the daily time frame.
- Resistance @9.22 from a trend line in the weekly time frame.
- Resistance @15.80 from a trend line in the weekly time frame.
- Resistance @17.05 from a horizontal line in the weekly 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 | NEUTRAL | NEUTRAL | The short term trend for SNAP is neutral. |
| ChartMill Relative Strength | 10.27 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 89.73% 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) | 40.98 | NEUTRAL | The RSI value for SNAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests SNAP has a negative trend. |
| Stochastics (14,3) | 31.8 | NEUTRAL | The Stochastics value for SNAP is a neutral value. |
| Average True Range in percent/ATR (20) | 4.06 | MEDIUM VOLATILITY | The ATR as a percentage value for SNAP suggests some volalility. |
| Average Directional Index/ADX (14) | 9.66 | NEGATIVE | The low ADX value for SNAP suggests a weak or negative 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)
7.94
-0.36 (-4.34%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-4.34%
1 Week-3.99%
2 Weeks-3.76%
1 Month-7.46%
3 Month-8.1%
6 Month-29.8%
12 Month-49.07%
2 Year-32.94%
3 Year-39.53%
5 Year-66.2%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%4.06%
ATR Inc15.11%
Range Today0.33
ADR(20)0.31
ADR(20)%3.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.27
Mansfield-2.83
10 Day High8.95
10 Day Low7.9
20 Day High8.95
20 Day Low7.9
52 Week High17.33
52 Week Low7.08
CS1 EndN/A
CR1 Start8.29
Volume & EV
DER(3)-2.91%
DER(5)0.63%
Volume37.89M
Volume Incr24.26%
Vol(5)34.66M
Vol(50)39.39M