SNAP INC. CLASS A - Daily - Technical analysis published on 06/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 14.06 USD
My targets
14.86 USD (+2.27%)
16.55 USD (+13.90%)
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 14.06 USD. The buyers” bullish objective is set at 14.86 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 16.55 USD. If there is any crossing, the next objective would be the resistance located at 18.05 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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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
The SNAP INC. CLASS A price is 14.53 USD. The price registered a decrease of -1.56% on the session and was traded between 14.28 USD and 15.00 USD over the period. The price is currently at +1.75% from its lowest and -3.13% from its highest.14.28
15.00
14.53
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of SNAP INC. CLASS A indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish harami
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 10.55 | 12.34 | 14.06 | 14.53 | 14.86 | 16.55 | 18.05 |
| Change (%) | -27.39% | -15.07% | -3.23% | - | +2.27% | +13.90% | +24.23% |
| Change | -3.98 | -2.19 | -0.47 | - | +0.33 | +2.02 | +3.52 |
| Level | Major | Major | Minor | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 14.23 | 14.43 | 14.60 | 14.80 | 14.97 | 15.17 | 15.34 |
| Camarilla | 14.66 | 14.69 | 14.73 | 14.76 | 14.79 | 14.83 | 14.86 |
| Woodie | 14.20 | 14.42 | 14.57 | 14.79 | 14.94 | 15.16 | 15.31 |
| Fibonacci | 14.43 | 14.57 | 14.66 | 14.80 | 14.94 | 15.03 | 15.17 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 12.03 | 12.71 | 13.64 | 14.32 | 15.24 | 15.92 | 16.85 |
| Camarilla | 14.12 | 14.27 | 14.41 | 14.56 | 14.71 | 14.85 | 15.00 |
| Woodie | 12.15 | 12.77 | 13.76 | 14.38 | 15.36 | 15.98 | 16.97 |
| Fibonacci | 12.71 | 13.33 | 13.71 | 14.32 | 14.93 | 15.31 | 15.92 |
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): | 64.35 | |
| MACD (12,26,9): | 0.8000 | |
| Directional Movement: | 12.87 | |
| AROON (14): | 85.72 | |
| DEMA (21): | 14.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 15.01 | |
| Elder Ray (13): | 0.53 | |
| Super Trend (3,10): | 13.06 | |
| Zig ZAG (10): | 14.53 | |
| VORTEX (21): | 1.1500 | |
| Stochastique (14,3,5): | 85.42 | |
| TEMA (21): | 15.04 | |
| Williams %R (14): | -19.59 | |
| Chande Momentum Oscillator (20): | 0.66 | |
| Repulse (5,40,3): | -2.5200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9100 | |
| Courbe Coppock: | 31.54 |
| MA7: | 14.54 | |
| MA20: | 13.59 | |
| MA50: | 12.19 | |
| MA100: | 11.16 | |
| MAexp7: | 14.48 | |
| MAexp20: | 13.68 | |
| MAexp50: | 12.50 | |
| MAexp100: | 11.32 | |
| Price / MA7: | -0.07% | |
| Price / MA20: | +6.92% | |
| Price / MA50: | +19.20% | |
| Price / MA100: | +30.20% | |
| Price / MAexp7: | +0.35% | |
| Price / MAexp20: | +6.21% | |
| Price / MAexp50: | +16.24% | |
| Price / MAexp100: | +28.36% |
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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