SNAP INC - A (SNAP) Stock Technical Analysis
USA - NYSE:SNAP - US83304A1060 - Common Stock
7.76 USD
-0.15 (-1.9%)
7.73 USD
-0.03 (-0.39%)
Overall SNAP gets a technical rating of 0 out of 10. SNAP's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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: 91% of all stocks are doing better.
SNAP is one of the lesser performing stocks in the Interactive Media & Services industry. 73% of 69 stocks in the same industry do better.
SNAP 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 SNAP has a been trading in the 7.52 - 9.28 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 102348000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
SNAP has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 6.98, a Stop Loss order could be placed below this zone.
More info and screens
6.91
9.43
When analyzing the support we notice one important area.
- Support @6.98 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 8.14 to 8.23. 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 8.45 to 8.55. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.83 from a trend line in the weekly time frame.
- Resistance @9.34 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 | NEUTRAL | NEUTRAL | The short term trend for SNAP is neutral. |
| ChartMill Relative Strength | 9.93 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 90.07% 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 | MIXED | The current price of SNAP is above 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) | 45.78 | NEUTRAL | The RSI value for SNAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.07 | NEGATIVE | The MACD value suggests SNAP has a negative trend. |
| Stochastics (14,3) | 25.25 | NEUTRAL | The Stochastics value for SNAP is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for SNAP suggests high volalility. |
| Average Directional Index/ADX (14) | 22.35 | NEUTRAL | The ADX value for SNAP suggests a possible start of a new 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)
7.76
-0.15 (-1.9%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-1.9%
1 Week-7.4%
2 Weeks-5.6%
1 Month-8.06%
3 Month-22.48%
6 Month-1.52%
12 Month-26.02%
2 Year-22.48%
3 Year-21.7%
5 Year-80.3%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%6.17%
ATR Inc-18.23%
Range Today0.4
ADR(20)0.46
ADR(20)%5.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS9.93
Mansfield-2.53
10 Day High8.88
10 Day Low7.63
20 Day High9.28
20 Day Low7.52
52 Week High13.28
52 Week Low6.9
CS1 End6.98
CR1 Start8.14
Volume & EV
DER(3)-2.18%
DER(5)-2.24%
Volume50.04M
Volume Incr-68.8%
Vol(5)50.93M
Vol(50)102.35M