SNAP INC. CLASS A - Daily - Technical analysis published on 10/15/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Bearish
Technical indicators
22%
56%
22%
My opinion
Bearish under 14.04 USD
My targets
12.34 USD (-11.54%)
10.55 USD (-24.37%)
My analysis
SNAP INC. CLASS A is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 14.04 USD. The next support located at 12.34 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 10.55 USD. Below this support, sellers could then target 6.51 USD.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
FORCE
0
10
4.6
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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 13.95 USD. The price registered an increase of +1.38% on the session and was between 13.86 USD and 14.05 USD. This implies that the price is at +0.65% from its lowest and at -0.71% from its highest.13.86
14.05
13.95
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SNAP INC. CLASS A chart shows a bearish trend. The signals given by moving averages are 67.86% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is oversold : under 30
Type : Neutral
Timeframe : Daily
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.51 | 10.55 | 12.34 | 13.95 | 14.04 | 14.97 | 15.92 |
| Change (%) | -53.33% | -24.37% | -11.54% | - | +0.65% | +7.31% | +14.12% |
| Change | -7.44 | -3.40 | -1.61 | - | +0.09 | +1.02 | +1.97 |
| Level | Minor | Intermediate | Major | - | Major | Major | Minor |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.95 | 13.29 | 13.53 | 13.87 | 14.11 | 14.45 | 14.69 |
| Camarilla | 13.60 | 13.65 | 13.71 | 13.76 | 13.81 | 13.87 | 13.92 |
| Woodie | 12.89 | 13.27 | 13.47 | 13.85 | 14.05 | 14.43 | 14.63 |
| Fibonacci | 13.29 | 13.52 | 13.65 | 13.87 | 14.10 | 14.23 | 14.45 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.22 | 13.61 | 13.89 | 14.28 | 14.56 | 14.95 | 15.23 |
| Camarilla | 13.98 | 14.04 | 14.10 | 14.16 | 14.22 | 14.28 | 14.34 |
| Woodie | 13.16 | 13.58 | 13.83 | 14.25 | 14.50 | 14.92 | 15.17 |
| Fibonacci | 13.61 | 13.87 | 14.03 | 14.28 | 14.54 | 14.70 | 14.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 10.59 | 12.58 | 14.19 | 16.18 | 17.79 | 19.78 | 21.39 |
| Camarilla | 14.81 | 15.14 | 15.47 | 15.80 | 16.13 | 16.46 | 16.79 |
| Woodie | 10.40 | 12.49 | 14.00 | 16.09 | 17.60 | 19.69 | 21.20 |
| Fibonacci | 12.58 | 13.96 | 14.81 | 16.18 | 17.56 | 18.41 | 19.78 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 34.20 | |
| MACD (12,26,9): | -0.6000 | |
| Directional Movement: | -10.74 | |
| AROON (14): | -92.86 | |
| DEMA (21): | 14.27 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.70 | |
| Elder Ray (13): | -0.66 | |
| Super Trend (3,10): | 15.77 | |
| Zig ZAG (10): | 14.00 | |
| VORTEX (21): | 0.8500 | |
| Stochastique (14,3,5): | 8.17 | |
| TEMA (21): | 13.78 | |
| Williams %R (14): | -89.60 | |
| Chande Momentum Oscillator (20): | -2.01 | |
| Repulse (5,40,3): | -3.6800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.3700 | |
| Courbe Coppock: | 31.56 |
| MA7: | 14.10 | |
| MA20: | 15.44 | |
| MA50: | 15.80 | |
| MA100: | 15.21 | |
| MAexp7: | 14.17 | |
| MAexp20: | 14.95 | |
| MAexp50: | 15.36 | |
| MAexp100: | 14.72 | |
| Price / MA7: | -1.06% | |
| Price / MA20: | -9.65% | |
| Price / MA50: | -11.71% | |
| Price / MA100: | -8.28% | |
| Price / MAexp7: | -1.55% | |
| Price / MAexp20: | -6.69% | |
| Price / MAexp50: | -9.18% | |
| Price / MAexp100: | -5.23% |
News
The last news published on SNAP INC. CLASS A at the time of the generation of this analysis was as follows:
- THURSDAY DEADLINE ALERT: Kaskela Law LLC Announces Important Deadline and Update in Class Action Lawsuit Filed Against Snap, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm – SNAP
- JANUARY 31, 2019 DEADLINE ALERT: Kaskela Law LLC Announces Class Action Lawsuit Filed Against Snap, Inc. on Behalf of March 2, 2017 - August 10, 2017 Stock Purchasers - SNAP
- SNAP INVESTOR ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against Snap, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - SNAP
- SNAP INVESTOR DEADLINE ALERT: Kaskela Law LLC Announces Class Action Lawsuit Against Snap, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - SNAP
- INVESTOR ALERT: Kaskela Law LLC Announces Investor Class Action Lawsuit Against Snap, Inc. and Encourages Investors with Losses in Excess of $100,000 to Contact the Firm - SNAP
This member declared not having a position on this financial instrument or a related financial instrument.
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