Technical Analysis for SNAP - Snap Inc.

Grade Last Price % Change Price Change
B 14.77 1.16% 0.17
SNAP closed up 1.16 percent on Wednesday, December 6, 2023, on 1.16 times normal volume. The bulls were able to push the stock to a new 52-week high. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation. Due to the stock's strong uptrend, it may remain overbought for a while. So, if you're looking for a reason to sell, don't put too much weight on it being overbought.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Very Strong Up Up Up

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 0.00%
Lizard Bearish Bearish Day Trade Setup 0.00%
Gilligan's Island Sell Setup Bearish Swing Setup 0.00%
New 52 Week Closing High Bullish 0.00%
Pocket Pivot Bullish Swing Setup 0.00%
Calm After Storm Range Contraction 0.00%
New 52 Week High Strength 0.00%
Upper Bollinger Band Walk Strength 0.00%
Wide Bands Range Expansion 0.00%
Gapped Up Strength 0.00%

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Alert Time
60 Minute Opening Range Breakdown about 17 hours ago
60 Minute Opening Range Breakout about 22 hours ago
Up 5% about 22 hours ago
Possible Pocket Pivot about 22 hours ago
2x Volume Pace about 23 hours ago

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Snap Inc. Description

Snap Inc. is a camera company. The Company’s flagship product, Snapchat, is a camera application that helps people to communicate through short videos and images known as a Snap. The Company provides Camera, Friends Page, Discover, Snap Map, Memories and Spectacles. Snapchat opens directly into the Camera, helping in creating a Snap and sending it to friends. It offers a range of creative tools that enables people to personalize and add content to their Snaps. Its chat services includes creating and watching stories, chatting with groups, making voice and video calls, and communicating through a range of stickers and Bitmojis. Memories enable users to create Snaps and stories from their saved snaps, as well as their camera roll. It also offers Spectacles, its sunglasses that make Snap. The Company’s advertising products include Snap Ads and Sponsored Creative Tools, such as Sponsored Lenses and Sponsored Geofilters.


Sector: Technology
Industry: Internet Content & Information
Keywords: Software Social Media Camera Lenses Advertising Products Chat Services

Is SNAP a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 15.36
52 Week Low 7.86
Average Volume 23,333,900
200-Day Moving Average 10.45
50-Day Moving Average 10.68
20-Day Moving Average 12.63
10-Day Moving Average 13.50
Average True Range 0.51
RSI (14) 89.30
ADX 58.44
+DI 51.70
-DI 5.70
Chandelier Exit (Long, 3 ATRs) 13.83
Chandelier Exit (Short, 3 ATRs) 12.15
Upper Bollinger Bands 14.84
Lower Bollinger Band 10.42
Percent B (%b) 0.98
BandWidth 35.03
MACD Line 1.08
MACD Signal Line 0.90
MACD Histogram 0.1789
Fundamentals Value
Market Cap 18.24 Billion
Num Shares 1.23 Billion
EPS -0.81
Price-to-Earnings (P/E) Ratio -18.21
Price-to-Sales 31.95
Price-to-Book 32.49
PEG Ratio -0.31
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 15.66
Resistance 3 (R3) 15.75 15.56 15.51
Resistance 2 (R2) 15.56 15.33 15.51 15.46
Resistance 1 (R1) 15.16 15.19 15.07 15.07 15.41
Pivot Point 14.97 14.97 14.92 14.92 14.97
Support 1 (S1) 14.57 14.74 14.48 14.48 14.13
Support 2 (S2) 14.38 14.60 14.33 14.08
Support 3 (S3) 13.98 14.38 14.03
Support 4 (S4) 13.89