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META AND EARNINGS, WHAT IS IMPORTANT FOR PRICE?I added some drawing lines to show essentially what a move could look like that takes meta higher, and just as easy, earnings could be the a drop that goes below 400. So price targets are marked. There is a big area in price here where the move to the upside could be pretty decent. I have a few charts for meta however this one is the most likely outcome. Former rejection lines are now support. META could easily see 900 levels. META could easily see 300 levels. Timing isn't really important here. Watch for a BIG earnings drop. Otherwise if we catch support, it could easily spring up. Again, I know this isn't really an answer for exact price. However, the trends are important, and we could easily see something happen here as indicators reset, projection has right around earnings. Good luck!
NASDAQ:META
by nicktussing77
Snap Unveils AR Goggles: A Game-Changer in Tech or Another Hype?Snap Inc. (NASDAQ: NYSE:SNAP ), the parent company of Snapchat, has introduced its latest innovation: the fifth-generation **Spectacles** – high-tech, augmented-reality (AR) glasses priced at $1,200. This bold move marks the company’s continuing efforts to lead the AR space, which many believe will be one of the next frontiers in tech. However, the reaction has been mixed, with NYSE:SNAP stock dropping 2% on the day of the announcement, despite a previous 10.8% gain in the past five days. Betting on AR Technology Snap’s Spectacles AR glasses are a result of collaboration with Qualcomm and OpenAI’s ChatGPT, combining cutting-edge hardware and software to create an immersive, interactive AR experience. The glasses allow users to place digital images and filters into the real world through the lenses, effectively altering reality. While this product is still in its early phases and will initially only be available to developers for $99 per month, CEO **Evan Spiegel** is confident that it will eventually attract a broad audience. The integration of Snapchat's massive user base (432 million daily active users as of Q2 2024) with these glasses could help Snap stay ahead in the growing AR race, especially with major players like **Meta** set to unveil their own AR glasses. Snap’s effort to involve developers early is a smart move, enabling the creation of new, compelling features to enhance user adoption. However, there are challenges too. The Spectacles are bulkier than normal glasses, and their $1,200 price tag may limit mainstream appeal in the short term. Moreover, Snap’s primary source of revenue remains digital advertising. The Spectacles haven’t yet significantly contributed to revenue, and it remains to be seen whether this new generation of AR glasses will change that dynamic. Technical Outlook From a technical standpoint, NYSE:SNAP ’s price action tells an interesting story. As of the time of writing, NYSE:SNAP is up 4.19%, fueled by the excitement surrounding the Spectacles and the positive economic backdrop with the Fed’s interest rate cut. This rally, however, follows a series of gap-down patterns in the stock's price. Typically, these gaps signal bearish momentum, but when several gap-downs remain unfilled, it suggests that selling pressure may be nearing exhaustion. This pattern hints at a potential bullish reversal. The repeated gaps could indicate that sellers are losing control, which might pave the way for a rebound, especially if Snap can successfully refine the Spectacles and bring them to the mass market. Another key technical indicator is the Relative Strength Index (RSI), which currently stands at 51. This suggests that NYSE:SNAP is neither overbought nor oversold and is in a neutral zone. With an RSI at this level, the stock could see bullish momentum if more positive news follows, such as developer adoption or favorable market conditions. Market Context and Future Prospects Snap's push for augmented reality fits within a broader trend of **tech companies focusing on wearable devices**. While the first edition of Spectacles, launched in 2016, did not drive significant revenue, the advances in AR technology and the partnerships with Qualcomm and OpenAI could change that. The fact that **Meta** is also racing to release its own AR glasses underscores the importance of the space, and Snap is determined not to be left behind. The Fed’s recent interest rate cut also plays a role here. Lower interest rates generally boost tech stocks by making borrowing cheaper and encouraging investment in high-growth companies like Snap. With the tech sector already riding high, Snap could benefit from increased optimism and capital inflows. Conclusion While NYSE:SNAP stock has experienced some turbulence, Investors should watch for further updates on the Spectacles and overall market sentiment, especially with competitors like Meta joining the AR race. If Snap can fine-tune the product and attract a large user base, NYSE:SNAP could be poised for further gains, especially as the AR industry continues to grow. For now, the stock is in a neutral position, but with high upside potential as the company's AR ambitions unfold.
NYSE:SNAPLong
by DEXWireNews
4
SNAP is perhaps the best buy in the market right now.Snap Inc. (SNAP) has formed a Double Bottom around 8.30 and posted a strong rebound yesterday, while the 1D MACD is already on a Bullish Cross since August 19. The latter has been the strongest buy signal since December 29 2022 The minimum level that the stock hit after such signal has been the 0.5 Fibonacci retracement level, so even if the price marginally pulls back for a re-test, the current levels are an excellent medium-term buy opportunity. Our Target is $12.00 (just above the 0.5 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPLong
by TradingShot
Snap Stock Down by 26% on Revenue Miss, Weak GuidanceKey Takeaways: - Snap missed revenue estimates for Q2 and offered lower-than-expected guidance due to advertising weakness. - The operator of the Snapchat social media site said it is taking steps to improve its advertising platform. - Shares of Snap lost nearly one-quarter of their value in early trading Friday following the news. Shares of Snap ( NYSE:SNAP ) plummeted nearly 26% in early trading on Friday after the social media company missed revenue estimates for the second quarter and provided weak guidance for the upcoming quarter, attributing it to a softer advertising environment. Snap, the operator of the popular Snapchat photo and video-sharing platform, reported second-quarter revenue of $1.24 billion, a 15.8% increase year-over-year but still below analysts' expectations. The average revenue per user (ARPU) of $2.86 also fell short of projections. Adjusted earnings per share (EPS) were 2 cents, roughly in line with market expectations. Weak Demand Weighs on Snap's Results CEO Evan Spiegel highlighted that monthly active users (MAU) surged to over 850 million, and the Snapchat+ premium subscription service now boasts over 11 million subscribers. However, despite the growth in user base, the company's financial performance was hampered by a decline in brand-oriented advertising revenue, which dropped by 1% year-over-year. This decline was attributed to weak demand from certain consumer discretionary sectors, including retail, technology, and entertainment, and the timing impact of holidays shifting out of Q2 this year. Spiegel stated, "We are focused on executing against our roadmap to deliver improvements to our advertising platform to drive strong performance for our advertising partners. We are also prioritizing our investments carefully to deliver against the cost plans we have set out for our business." Snap's future outlook didn't inspire confidence either. The company projected current-quarter revenue to be in the range of $1.35 billion to $1.38 billion, which is below analysts' estimates compiled by Visible Alpha. Market Reaction and Strategic Response Following an announcement, Snap's shares dropped by 26%, trading at $9.45 as of the time of writing on Friday. This recent decline has led to Snap losing more than 40% of its value so far this year, reflecting investor concerns over the company's ability to navigate the current advertising landscape. The daily price chart shows a downward gap, also known as a gap down. This pattern occurs when the opening price on day two is lower than the closing price on day one. It can indicate a change in investor sentiment, such as a loss of confidence in a company or broader market uncertainty. Reasons for a gap down include poor earnings, legal troubles, internal company issues, domestic and geopolitical events, and economic indicators. To address these challenges, Snap has indicated that it is taking steps to enhance its advertising platform, aiming to deliver better results for its advertising partners. The company is also carefully prioritizing its investments to adhere to its cost plans, suggesting a more disciplined approach to spending. Conclusion Snap's disappointing Q2 revenue and weak guidance have significantly impacted investor sentiment, resulting in a substantial drop in the company's stock price. While the increase in user numbers and the growth of Snapchat+ subscribers are positive signs, the decline in advertising revenue and the uncertain outlook for the upcoming quarter pose challenges for Snap. The company's ability to execute its plans to improve its advertising platform and manage costs effectively will be crucial in determining its future performance. Investors will be closely watching how Snap navigates these hurdles in the coming months.
NYSE:SNAPShort
by DEXWireNews
Double Bearish Harmonics on SNAP (3H Timeframe) 🔍 Overview: Exciting setup on SNAP with two bearish harmonic patterns: Butterfly and Anti-Cypher. This double confirmation strengthens the bearish outlook! 📉 The RVOLD average is supporting the downward move, increasing alongside the red candles. 📊 📉 Chart Analysis: 1️⃣ The Butterfly and Anti-Cypher patterns are indicating potential reversals, with strong resistance around the $17.34 level. 2️⃣ The increasing RVOLD average supports the bearish sentiment, suggesting more sellers are stepping in. 📈 🎯 Trade Setup: Entry Point: Look for confirmations as the price approaches resistance. Target 1: $16.31 💰 Target 2: $16.19 💸 Stop Loss: $17.34 🚨 📝 Why I'm Interested: These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade. 📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻 #SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NYSE:SNAPShort
by TradeTalkFarsi
3
Snapchat- just playing stocks when boring in cryptos. - Snap seems in a bullish momentum. - Making HH and LL. - could retest 20$ ish. - could also retrace a retest low 11$. -------------------------------------------- Trading Parts -------------------------------------------- - Buy now - 14.5$ ish. ( 25% invest ) - Rebuy - 11$ - if retracement. ( 75% invest ) -------------------------------------------- TP1 : 20$. TP2 : before 54$. -------------------------------------------- if u want to set a SL : 7.25$ -------------------------------------------- Stay S4fe Happy Tr4Ding !
NYSE:SNAPLong
by thecryer
3
+ 91% SNAP Inc.The company develops and maintains the image messaging and multimedia mobile app Snapchat, as well as develops and manufactures the wearable camera called Spectacles, a pair of smartglasses that connect to the user's Snapchat account and records videos in a circular video format adjustable in any orientation. On February 20, 2017, Snap Spectacles became available for purchase online.The company sold only 220,000 pairs of Snap Spectacles V1. The company developed and launched Spectacles V2 in April 2018 in the U.S., Canada, U.K. and France; and 13 more European countries in May 2018.On April 28, 2022, the company announced a mini drone called Pixy.Later that August, it was reported that future development of Pixy would be discontinued, while continuing to sell the current iteration of the drone.
NYSE:SNAPLong
by MiguelFTCurado
5
PINS - this social media company making a comeback LONGPINS on the weekly chart hit the ATH during the COVID era and then faded in a one-year trend down until summer 2022. It has now reversed and is slowly trending up. The Price Volume Trend indicator shows the reversal as starting July 29, 2022 with a correction in May 2023. I see this as a safe swing trade targeting 50 and 65 as drawn by black horizontals. They are the levels of a neckline of the H & S at the ATH and a small pivot in October 2021. These are roughly 20% and 50% profit at those two take profit levels.
NYSE:PINSLong
by AwesomeAvani
Can SNAP slo-mo bounce from an earnings fall? LONGSNAP had a mild top and bottom line beat with last week's earnings and the price fall. Given SNAP's mediocre social media interface, I think the earnings were decent but I suppose most traders felt otherwise looking for more. Technically on the 1H chart, price is sitting at support at the bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator are flat line trendlines. Reversion to the mean says SNAP will rise from current market price. I will go long. If price can rise and get to 11.5, the volume profile's volume void suggests it could easily cross over the mean VWAP into the 12.5 range for another leg higher. If you want my ideas of targets and a stop loss, please comment.
NYSE:SNAPLong
by AwesomeAvani
SNAP, will snap to the big upside soon!SNAP has peaked at 18.0 levels a few days ago only to be tamed down back to 11.00 range. This after the last QTR earnings calls where the company missed earnings estimates even though the numbers are green. The overreaction to this is unwarranted. Now we're back again at discount levels. It's very rare we see an opportunity like this one. Significant net buying activity has been spotted. Position takers are placing their bets already on the recovery -- because it will. Spotted at 11.00 From our visual chart, the hint is clear. The 'star' is about to escape the bear cell and will rise to the sky again soon. Expect a series of significant rise from the current range. TAYOR.
NYSE:SNAPLong
by JSAL
1
Snap Stock Rockets 29% After Blowing Past Earnings ExpectationsSnap Inc. ( NYSE:SNAP ) sent shockwaves through the market with a stunning 29% surge in its stock price following an impressive earnings report that far exceeded expectations. The parent company of Snapchat reported robust revenue growth and a significant acceleration in its advertising business, catapulting investor confidence and reigniting bullish sentiments for the social media giant. Earnings Triumph Amidst Market Expectations Snap's first-quarter earnings report surpassed all projections, with the company earning an adjusted 3 cents per share on sales of $1.2 billion, defying forecasts of a 5-cent loss per share on $1.12 billion in revenue. This remarkable performance underscored Snap's resilience and ability to navigate through challenging market conditions, showcasing its prowess in monetizing its platform and driving user engagement. Revenue Surge Signals Renewed Growth The highlight of Snap's earnings report was its exceptional revenue growth, which surged by an impressive 21% year-over-year. This marked a significant turnaround from previous quarters, where Snap had faced tepid revenue growth and unfavorable comparisons to industry peers. The company's robust advertising platform and increased demand for direct-response ads were cited as key drivers behind this remarkable growth, signaling a promising trajectory for Snap's monetization efforts. Strategic Initiatives Drive User Engagement Snap's shareholder letter highlighted several strategic initiatives that contributed to its stellar performance, including the successful rollout of Snapchat+, a subscription product offering exclusive app features. The company reported a threefold increase in paying users, underscoring the effectiveness of its monetization strategies and the value proposition of its premium offerings. Additionally, Snapchat's daily active users saw a notable uptick, reaching 422 million, with further growth projected in the coming months. Wall Street Reacts With Optimism and Caution Analysts responded positively to Snap's earnings beat, with many raising their price targets and reaffirming their bullish outlook on the stock. Jefferies analyst James Heaney lauded Snap's revenue growth acceleration and raised his price target, citing strong performance in ad spending by small and medium-sized businesses. However, some analysts maintained a cautious stance, citing concerns over revenue predictability and regional user growth patterns. Technical Challenges Amidst Market Volatility Despite the impressive stock surge, Snap ( NYSE:SNAP ) still faces significant challenges, including a year-to-date decline of 10% and lingering concerns over its technical ratings. The company's stock remains below its all-time high, reflecting ongoing volatility and investor skepticism. However, Snap's stellar earnings performance has injected renewed optimism and positioned the company for a potential rebound in the market. Snap's Resurgence Signals Renewed Momentum Snap's stellar earnings report and subsequent stock surge mark a significant milestone in the company's journey towards sustained growth and profitability. With robust revenue growth, strategic initiatives driving user engagement, and positive sentiment from analysts, Snap is poised to capitalize on its strengths and overcome market challenges. As the social media landscape continues to evolve, Snap stands out as a compelling investment opportunity, poised to deliver long-term value to shareholders amidst a rapidly changing digital ecosystem.
NYSE:SNAPLong
by DEXWireNews
Snap Stock Surges 25% on First-Quarter ExpectationsSnap Inc., ( NYSE:SNAP ) the parent company of the popular photo messaging app Snapchat, stunned investors by outpacing Wall Street's expectations in its first-quarter earnings report. The company's stock soared 25% in after-market trading, reaching $14.32, as it revealed impressive revenue growth and user expansion. In a period where digital advertising has become fiercely competitive, Snap's ( NYSE:SNAP ) revenue for the quarter ended March 31 surged to $1.2 billion, a remarkable 21% increase from the previous year. This figure surpassed analysts' consensus estimate of $1.12 billion, indicating that Snap's efforts to enhance its advertising system have yielded results quicker than anticipated. Central to Snap's ( NYSE:SNAP ) success has been its concerted efforts to refine its ad-targeting capabilities and streamline user interaction with advertisements. These improvements have not only boosted revenue but also positioned Snap to better compete with industry giants like Meta Platforms, the parent company of Facebook. Snap's optimism extended into its forecast for the second quarter, with projected revenue between $1.23 billion and $1.26 billion, surpassing analyst expectations. Additionally, daily active users on Snapchat reached 422 million, exceeding analyst projections of 419.6 million. The company's bullish outlook comes at a crucial moment, as regulatory pressures mount against its competitors. With the recent passage of a bill in the U.S. Senate threatening to ban TikTok, owned by Chinese tech company ByteDance, Snap ( NYSE:SNAP ) stands to benefit from potential shifts in marketing budgets if TikTok becomes unavailable. Snap's strategic positioning and strong user growth have instilled confidence in its future prospects. The company anticipates further user expansion, with expectations to reach 431 million users in the second quarter. Moreover, Snap's commitment to cost efficiency is evident in its projection of quarterly infrastructure costs per user between 83 cents and 85 cents for the remainder of the year. While Snap's ( NYSE:SNAP ) remarkable performance in the first quarter has ignited optimism among investors, the key question remains: Can it sustain this momentum? As competition intensifies and market dynamics evolve, Snap ( NYSE:SNAP ) will need to demonstrate its ability to consistently innovate and capture value in the rapidly evolving digital landscape. In conclusion, Snap's impressive earnings report and bullish outlook underscore its resilience and adaptability in navigating the challenges of the digital advertising market. As the company continues to capitalize on its strengths and expand its user base, investors are closely watching to see if Snap can maintain its trajectory of growth and profitability in the quarters ahead.
NYSE:SNAPLong
by DEXWireNews
6
Reversal for $SNAP?Hi all, posting an idea that I like and have a position in for this coming week. NYSE:SNAP is showing some signs of a reversal to the upside after several months of downside/sideways trading due to it breaking the horizontal flag the downside with a gap down after it's last earnings report. This time around it is showing signs of a reversal to the upside at the bottom of a long-term trading channel. I drew this using parallels lines from the top of the channel to the bottom of the channel. The stock demonstrated price action above both the daily 9 and 20 SMAs the past two trading sessions and closed above them. The 55 SMA was tested twice and rejected thus far. The price action showed 3 green daily candles (3 white knights) in a row followed by a red candle back to the 20 SMA. The RSI is healthy sitting right around 50. The MACD histogram is moving back to the upside. NYSE:SNAP earnings report will come on Thursday, 25Apr2024 after market close. Earnings Whisper is showing an options implied move of 21.4%. This is a highly speculative idea, but based on this technical analysis I have taken a position in $12 call options with an expiration of 26Apr2024. This is not a recommendation to buy, it's just an idea that I am sharing and something that I am positioned in.
NYSE:SNAPLong
by williarm55
Snap's Stock Surge 5.23% Amidst TikTok Turmoil:In the ever-evolving landscape of social media, rivalries often dictate market dynamics and investor sentiment. The recent flurry of legislative activity surrounding TikTok, the hotly popular social media platform, has cast a spotlight on its American counterpart, Snap Inc., the owner of Snapchat. As the U.S. House of Representatives deliberates on measures to either transfer ownership or ban TikTok in the United States, Snap's stock witnessed a notable surge, signaling a renewed focus on the dynamics of the social media landscape. Legislative Turmoil and Market Reaction The brewing legislative storm surrounding TikTok has triggered a flurry of market activity, with investors closely monitoring developments. As House Speaker Mike Johnson spearheads efforts to compel ByteDance, TikTok's China-based owner, to divest its U.S. operations, Snap's stock experienced a significant uptick, closing 4.7% higher amidst broader market fluctuations. The stark contrast between Snap's bullish performance and the slight slump of the S&P 500 index underscores the market's keen interest in the fate of TikTok and its implications for industry competitors. TikTok's Fate Hangs in the Balance The proposed legislative measures aiming to either facilitate TikTok's divestiture or enforce a ban in the United States have injected uncertainty into the social media landscape. While lawmakers rally behind foreign aid bills that could incorporate the TikTok measure, questions linger regarding the potential repercussions for NYSE:SNAP and its business operations. The looming possibility of TikTok falling into the hands of a formidable American competitor raises concerns about intensified rivalry and market disruption. Bullish Sentiment vs. Real-World Implications Amidst the speculative fervor surrounding TikTok's fate, questions arise regarding the tangible impact on Snap's business trajectory. While the market's bullish reaction suggests optimism about Snap's competitive positioning, skeptics caution against overestimating the implications of TikTok's potential divestiture. The likelihood of legal challenges and constitutional debates surrounding the proposed measures adds layers of complexity to the unfolding narrative, tempering expectations of a straightforward resolution. Navigating Uncertainty: Snap's Strategic Outlook As NYSE:SNAP navigates through the tumultuous waters of legislative uncertainty, strategic foresight and adaptability emerge as key pillars of resilience. While market dynamics may fluctuate in response to legislative developments, Snap's focus remains steadfast on innovation, user engagement, and long-term growth. The company's ability to weather regulatory storms and pivot in response to evolving market dynamics underscores its resilience and commitment to shareholder value. Conclusion: A Rivalry Redefined The intersection of legislative scrutiny and market dynamics has reshaped the narrative surrounding NYSE:SNAP and its rivalry with TikTok. While legislative turbulence may introduce short-term volatility, Snap's enduring focus on innovation and user-centric experiences positions it for sustained success in the competitive social media landscape. As the saga unfolds, investors and industry observers alike await the next chapter in the evolving rivalry between NYSE:SNAP and TikTok, poised at the intersection of legislation and market forces.
NYSE:SNAPLong
by DEXWireNews
SNAP - WEEKLY BULLISH DIVERGENCE - LOOKS GOODSnapchat stock looks good now. The price creates higher lows. Weekly bullish divergences are not a joke. We expect SNAP to give 285 % gains in a long-term. Targets / Take profit areas are shown on the chart. SNAP is down 90 % from its ATH. It's not a time to be bearish . DCA into SNAP and enjoy the profit on the way up. We may see a pullback to retest the previous low or to create one more higher low before getting stronger momentum. However, there is a chance that the weekly bullish divergence plays out soon and we won't see lower prices. Good luck
NYSE:SNAPLong
by vf_investment
3
RiskMastery's Red Flag Stocks - SNAP EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential. In this edition, we'll be looking at NYSE:SNAP ... I believe this code is at a point of potential volatility. If price can hold below $11.19 ... Bearish potential may be unlocked. My key downside targets include: - $10.25 (Conservative) - $8.86 (Medium) - $7.78 (Aggressive) If however price breaks above $12.89 ... Bullish potential may be unlocked. (My key risk targets - C, M,& A - are as noted on the chart) Enjoy, and I look forward to being of further service into the future. If you'd like to connect, feel free to reach out and comment below. Mr RM | Risk Mastery Disclaimer: This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
NYSE:SNAPShort
by RiskMasteryOfficial