SNAP bottom of range.....LONGAs we retesting bottom of range, looking for snap to head back towards the teens over the next few months.
SNAPD trade ideas
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).
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Snapchat swing ideaSwing idea with shares only. Snapchat rejected off the double and was unable to break into the 20s. It is back under $10 and in a demand zone, this zone has been a good swing level. The goal is to at least get 100% return and then if you would like you can hold some for the long-term. We will not post our stop loss here.
SNAP - Monthly Performance Analysis (2017-2024)This analysis provides an overview of the historical performance of SNAP Inc. and can guide trading strategies based on observed patterns and volatility. However, past performance is not always indicative of future results, and it is important to consider broader market trends and company developments.
Volatility and Consistency:
SNAP has exhibited high volatility across various months and years. Some months show extreme positive or negative performance, reflecting the stock's sensitivity to market conditions and company-specific news.
For instance, March 2020 saw a significant drop of -22.91%, likely due to the market crash triggered by the COVID-19 pandemic.
Seasonality Patterns:
April and November have consistently shown positive returns over multiple years, with April 2020 being particularly strong at +48.11%. This could suggest a seasonal effect where investor sentiment or company performance tends to be stronger in these months.
On the other hand, May and September have often been challenging months for SNAP, with several years showing substantial declines, such as May 2022 with a -50.42% drop.
2020 and 2021 were relatively strong years for SNAP, reflecting the tech boom and increased digital engagement during the pandemic.
In contrast, 2022 was a particularly difficult year, with several months like May and June showing sharp declines.
The start of 2024 has been rough, with January and February experiencing declines of -6.14% and -30.65% respectively. However, March saw a slight recovery of +4.17%.
The trends in 2024 suggest continued volatility, reflecting broader market uncertainties or company-specific challenges.
On average, SNAP has a slight positive bias, with a mean monthly return of around +3.47% to +7.98% across different years, depending on the month.
The standard deviation values are high, particularly in the first quarter of the year, indicating that SNAP's price tends to fluctuate more significantly during these months.
Conclusion:
Investors might consider focusing on April and November for potential buying opportunities given the historical positive performance in these months.
Caution is warranted in May and September, which historically have shown significant drawdowns.
SNAP > Buy opportunity?Risk reward buy in is good. stop loss can be tight here. Potential upside of 600%
Snapchat has a loyal fanbase but can they keep their spending down and revenue together?
Me and many other people in and around my age use this app daily. For over a decade now.
I dont see this company going bankrupt anytime soon.
This is purely a technical analysis with some bias on the fundamentals because frankly I dont have the energy to do a fundamental analysis on snap. Buying in with only 20 shares. I see this as a low risk high reward opportunity for the long haul.
Leave a like or comment below if you're on board with the SNAP gains or a big hater and got some info I don't have.
Possible resistance points and areas are shown on chart.
Oh Snap! Its done.Snap could continue its losing streak. Possibly it could go bankrupt as I have seen fractals like this with companies that end up going BK. Note that this is pure technical analysis and I have not taking into account what the financials are or DAU.
This is not a financial advice and please do your DD
Snap coming in may be an opportunity, again. Snap could keep falling until support is found, and over the next 5 years plus could be worth over 100 dollars.
Updated and current earnings expectations are show on the chart.
As of now this year, snapchat is still expensive. It seems the economy is softening, so Snapchat could fall more.
Analysts still expect snapchat to have growing earnings and high earning potential. Therefore I personally like the stock the weaker it gets. On a price to sales and price to cashflow, snap is not extremely expensive, but snap needs to deliver earnings to show its a real business.
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.
SNAP LongLooking good here for some continued momentum towards the 200 Week MA.
Possible bull flag formation in progress, after which then might be able to play a measured move headed directly to that 200W resistance.
First TP around $26.
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: $17.34 🚨
📝 Why I'm Interested:
These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade.
📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳
🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻
#SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
SNAPCHAT GIVING A SHORT SIGNAL!NYSE:SNAP is now down 15% off it's indicator red dot short signal from earlier in the week
Snapchat- just playing stocks when boring in cryptos.
- Snap seems in a bullish momentum.
- Making HH and LL.
- could retest 20$ ish.
- could also retrace a retest low 11$.
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Trading Parts
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- Buy now - 14.5$ ish. ( 25% invest )
- Rebuy - 11$ - if retracement. ( 75% invest )
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TP1 : 20$.
TP2 : before 54$.
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if u want to set a SL : 7.25$
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Stay S4fe
Happy Tr4Ding !
$SNAP Bear to Bull reversal in progressLate cycle
catch up momentum play?
seems likely
#APPL is closing in on $200
could that push the laggards higher?
SNAP looking bullish July 10 2024Snap is looking very good at current price but these are penny stocks so trade with SL.
Snap is looking very good
is $SNAP ready?increasing volume
consolidation above moving averages
stop loss not bigger than 5%
weekly looks good also
Snapchat ($NYSE:SNAP) ready for breakout?NYSE:SNAP Snapchat has been trading in the downward channel from a while and seems ready to do the breakout if critical support level $15.50 is held. This level has been tested multiple times in the past and hopefully the bulls are ready to take an action. As of today, Snapchat is running above all EMAs (9,21,50,200).
Multiple Analysts have changed the rating to Hold with a price target of $18.00 - $20.00 in near short term.
+ 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.
SNAP: $10 | Bleeding Stopped
2023 should be a come back
with revenue | profit improving though in the negative area
bleeding has subsided
one quarter was positive in 2022 yet
price barely went up or down
it just hovered along $10 +-15 levels
Tiktok is around $200bn as bytedance valuation
this at $15bn needs a campaign to revive it's HYPE back in the day
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.
SNAP 10/13/2023SNAP
Daily chart analysis
The influx of freshly printed Covid bucks propelled this stock into an uptrend between March 2020 and July 2021.
After reaching its peak in July 2021, the price entered a sideways market that collapsed at the end of October 2021.
This collapse initiated a sharp downtrend, persisting from October 2021 through October 2022.
In October 2022, the price found a bottom and interrupted the previous downtrend, entering a sideways range until July 2023 when it experienced an upward breakout. However, this breakout was short-lived, and the price fell back into the previous sideways range.
Since then, there has been a sharp decline towards the support area of the sideways range.
The false breakout of the range indicated that the price expanded beyond equilibrium for emotional reasons. The price eventually reverted to the mean, and there is an expectation that it will continue to expand beyond the mean in the opposite direction. There seems to be enough selling pressure here to drive the price to the support area of the sideways range and possibly touch the Covid lows from March 2020
Entering trade short.
Entry: 8.83
Stoploss: 9.73, -10.19%
Target: 4.93, +44.17%, 4.33 RR ratio
Please see my previous SNAP trades
This is clearly a Reversal Technical Structure$SNAP has performed horribly in 2022 and had awful earnings report. However just as there is over excitement, there is over pessimism and eventually mean reversal is due in either case. I have no clue if SNAP will go even lower to 4-7 dollars area but the price structure, volume, and technical indicators clearly point towards capitulation and at least a short term reversal. Do what you will with this info.
SNAP - back to the chopSNAP has insane earnings gap. Whoever gambled to the long side, good for them. Stock is most likely going to take a break here and consolidate before making way higher. If it gets below $15 or %13.80, I'd as a long trade I'd be out.
