SNAP INC - A (SNAP) Stock Technical Analysis
NYSE:SNAP • US83304A1060
We assign a technical rating of 0 out of 10 to SNAP. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, SNAP is a bad performer in the overall market: 94% of all stocks are doing better.
- SNAP is one of the lesser performing stocks in the Interactive Media & Services industry. 72% of 69 stocks in the same industry do better.
- SNAP is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month SNAP has a been trading in the 4.72 - 7.97 range, which is quite wide. It is currently trading near the lows of this range.
- SNAP has an average volume of 48079300 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Volume is considerably higher in the last couple of days.
The technical rating of SNAP is bad and it also does not present a 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.
More info and screens
4.77
When analyzing the resistance we notice 5 important areas.
- Resistance @6.85 from a trend line in the daily time frame.
- A resistance zone ranging from 7.34 to 7.37. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @7.68 from a trend line in the weekly time frame.
- Resistance @7.99 from a trend line in the weekly time frame.
- Resistance @8.44 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 | DOWN | NEGATIVE | The short term trend for SNAP is down. |
| ChartMill Relative Strength | 6 | NEGATIVE | SNAP has a low relative strength, it was outperformed by 94% 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) | 17.79 | OVERSOLD | The low RSI value suggests SNAP may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests SNAP has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.91 | OVERSOLD | The low Stochastics value suggests SNAP may be oversold. |
| Average True Range in percent/ATR (20) | 7 | HIGH VOLATILITY | The high ATR as a percentage value for SNAP suggests high volalility. |
| Average Directional Index/ADX (14) | 34.45 | POSITIVE | The high ADX value value for SNAP suggests a strong trend. |
4.82
-0.17 (-3.41%)
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 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 17.7901. This indicates that the stock is currently oversold.
Can you provide the short term momentum for SNAP INC - A?
The short term momentum for SNAP INC - A (SNAP) is negative.
Can you provide the support and resistance levels for SNAP INC - A?
SNAP INC - A (SNAP) has a resistance level at 6.85. Check the full technical report for our detailed analysis of SNAP support and resistance levels.