SNAP INC - A (SNAP) Stock Technical Analysis
NYSE:SNAP - New York Stock Exchange, Inc. - US83304A1060 - Common Stock - Currency: USD
We assign a technical rating of 5 out of 10 to SNAP. Recently some decent action could be observed, but in the medium term time frame this is still negative. SNAP was also a bad performer in the overall market in the last year.
When comparing the yearly performance of all stocks, SNAP is a bad performer in the overall market: 82% of all stocks are doing better.
SNAP is one of the lesser performing stocks in the Interactive Media & Services industry. 71% of 70 stocks in the same industry do better.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month SNAP has a been trading in the 7.75 - 9.84 range, which is quite wide. It is currently trading near the high of this range.
SNAP has an average volume of 34220700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
SNAP is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SNAP is lagging the market.
SNAP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.49. Right above this resistance zone may be a good entry point.
More info and screens
7.75
9.73
3 important support areas can be observed.
- A support zone ranging from 9.10 to 9.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.11 from a trend line in the daily time frame.
- A support zone ranging from 7.83 to 7.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 9.49 to 9.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 18.56 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 81.44% 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 | NEGATIVE | The current price of SNAP is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.58 | 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) | 82.74 | OVERBOUGHT | The high Stochastics value suggests SNAP may be overbought. |
| Average True Range in percent/ATR (20) | 3.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SNAP suggests some volalility. |
| Average Directional Index/ADX (14) | 23.04 | 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)
9.48
-0.06 (-0.63%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorCommunication Services
GICS IndustryInteractive Media & Services
Performance
% Chg-0.63%
1 Week1.72%
2 Weeks9.09%
1 Month19.4%
3 Month20.3%
6 Month-12.71%
12 Month-34.17%
2 Year-16.55%
3 Year-4.05%
5 Year-57.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.39
ATR(20)%3.92%
ATR Inc15.4%
Range Today0.37
ADR(20)0.35
ADR(20)%3.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.56
Mansfield-1.13
10 Day High9.84
10 Day Low8.91
20 Day High9.84
20 Day Low7.75
52 Week High15.35
52 Week Low7.08
CS1 End9.1
CR1 Start9.49
Volume & EV
DER(3)2.97%
DER(5)1.31%
Volume42.27M
Volume Incr1.05%
Vol(5)37.01M
Vol(50)34.22M