SNAP INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	SNAP
ISIN:

SNAP INC. CLASS A - Daily - Technical analysis published on 10/14/2021 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 75.25 USD

My targets

78.15 USD (+1.97%)

83.11 USD (+8.44%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SNAP INC. CLASS A as long as the price remains well above 75.25 USD. The buyers' bullish objective is set at 78.15 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 83.11 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

6.6

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

SNAP INC. CLASS A rating 76.64 USD. On the day, this instrument gained +2.26% with the lowest point at 75.72 USD and the highest point at 77.07 USD. The deviation from the price is +1.22% for the low point and -0.56% for the high point.

75.72

77.07

76.64

A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.

Opening Gap UP

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SNAP INC. CLASS A:

Technical

A technical analysis in Daily of this SNAP INC. CLASS A chart shows a strongly bullish trend. The signals given by the moving averages are 85.71% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily

In fact, 10 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Horizontal resistance is broken

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	63.92	70.65	75.25	76.64	78.15	83.11
Change (%)	-16.60%	-7.82%	-1.81%	-	+1.97%	+8.44%
Change	-12.72	-5.99	-1.39	-	+1.51	+6.47
Level	Intermediate	Major	Intermediate	-	Major	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	72.05	73.18	74.06	75.19	76.07	77.20	78.08
Camarilla	74.40	74.58	74.77	74.95	75.13	75.32	75.50
Woodie	71.94	73.12	73.95	75.13	75.96	77.14	77.97
Fibonacci	73.18	73.94	74.42	75.19	75.95	76.43	77.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	63.40	66.69	70.84	74.13	78.28	81.57	85.72
Camarilla	72.95	73.64	74.32	75.00	75.68	76.36	77.05
Woodie	63.84	66.91	71.28	74.35	78.72	81.79	86.16
Fibonacci	66.69	69.53	71.29	74.13	76.97	78.73	81.57

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.49	62.16	68.01	75.68	81.53	89.20	95.05
Camarilla	70.15	71.39	72.63	73.87	75.11	76.35	77.59
Woodie	53.59	61.71	67.11	75.23	80.63	88.75	94.15
Fibonacci	62.16	67.32	70.51	75.68	80.84	84.03	89.20

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	53.91
MACD (12,26,9):	0.2400
Directional Movement:	2.03
AROON (14):	-42.86
DEMA (21):	75.27
Parabolic SAR (0,02-0,02-0,2):	79.12
Elder Ray (13):	1.39
Super Trend (3,10):	70.11
Zig ZAG (10):	76.68
VORTEX (21):	0.9700
Stochastique (14,3,5):	43.41
TEMA (21):	74.91
Williams %R (14):	-46.36
Chande Momentum Oscillator (20):	2.32
Repulse (5,40,3):	-1.2200
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	4.62

MA7:	74.98
MA20:	75.43
MA50:	74.68
MA100:	70.11
MAexp7:	75.17
MAexp20:	74.91
MAexp50:	73.64
MAexp100:	70.17
Price / MA7:	+2.21%
Price / MA20:	+1.60%
Price / MA50:	+2.62%
Price / MA100:	+9.31%
Price / MAexp7:	+1.96%
Price / MAexp20:	+2.31%
Price / MAexp50:	+4.07%
Price / MAexp100:	+9.22%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on SNAP INC. CLASS A at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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