SNAP INC - A (SNAP) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNAP - US83304A1060 - Common Stock
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.
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 resistance zone just above the current price starting at 7.96. Right above this resistance zone may be a good entry point.
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6.91
3 important support areas can be observed.
- A support zone ranging from 7.75 to 7.78. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @7.47 from a trend line in the daily time frame.
- Support @6.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.96 to 8.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 @8.81 from a trend line in the daily time frame.
- Resistance @9.10 from a horizontal 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 | 22.2 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 77.8% 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) | 50.48 | NEUTRAL | The RSI value for SNAP is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests SNAP has a positive trend. |
| Stochastics (14,3) | 49.76 | NEUTRAL | The Stochastics value for SNAP is a neutral value. |
| Average True Range in percent/ATR (20) | 3.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SNAP suggests some volalility. |
| Average Directional Index/ADX (14) | 12.83 | NEGATIVE | The low ADX value for SNAP suggests a weak or negative trend. |
7.92
-0.11 (-1.37%)
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 current trend direction of SNAP INC - A (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 50.4802. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for SNAP INC - A?
SNAP INC - A (SNAP) has a support level at 7.78 and a resistance level at 7.96. Check the full technical report for our detailed analysis of SNAP support and resistance levels.