SNAP crashes to a MAJOR support: $11.72 a Do or Die levelSNAP crashes to a MAJOR support: Do or Die level.
$11.7x is a confluence of two major golden fibs.
There is no stronger level than it, anywhere near.
1SI trade ideas
Snap Inc. Faces Uphill Battle as Ad Sales Trail RivalsCompetition for advertising dollars is fierce. However, recent reports show that Snap Inc., (NYSE: NYSE:SNAP ) the parent company of Snapchat, is struggling to keep pace with industry giants Meta and Alphabet, raising concerns among investors and analysts alike.
The Snap Slump: A 31% Plunge in Stock Value
- Snap Inc. shares tumble 31% as fourth-quarter revenue falls short of Wall Street expectations.
- Intense competition from Meta and Alphabet leaves Snap lagging behind in the advertising race.
- Investors face a significant loss in market value, highlighting concerns over Snap's performance.
Snap's Battle Against Industry Heavyweights
- Snap's (NYSE: NYSE:SNAP ) advertising revenue fails to match the robust performance of competitors like Meta and Alphabet.
- Advertisers appear to favor larger, more stable platforms amidst economic uncertainty.
- The struggle to attract advertisers raises questions about Snap's long-term sustainability in the market.
Assessing Snap's Position
- Analysts express disappointment over Snap's inability to keep up with big tech titans.
- Snap's (NYSE: NYSE:SNAP ) fourth-quarter revenue misses estimates, signaling underlying challenges in its ad business.
- Layoffs signal cost-cutting measures, but fail to reassure investors about Snap's growth prospects.
Valuation Disparity
- Snap's (NYSE: NYSE:SNAP ) shares trade at a significantly higher forward PE ratio compared to social media rivals Meta and Pinterest.
- The valuation gap reflects investor skepticism about Snap's (NYSE: NYSE:SNAP ) ability to rebound from the ad slump.
- Concerns grow as fewer investors remain optimistic about Snap's future trajectory.
The Road Ahead
- Snap (NYSE: NYSE:SNAP ) faces the daunting task of regaining investor trust and rebuilding its ad business.
- Strategic initiatives are needed to differentiate Snap (NYSE: NYSE:SNAP ) from its larger competitors and attract advertisers.
- Transparency and decisive action will be key in restoring confidence and demonstrating long-term viability.
Conclusion
Snap Inc.'s (NYSE: NYSE:SNAP ) recent struggles underscore the intense competition and challenges inherent in the social media and tech industry. As the company navigates turbulent waters, its ability to innovate, adapt, and regain investor confidence will ultimately determine its fate in an increasingly crowded marketplace dominated by industry giants.
SNAP @ $17.45The problem is the best time to buy was yesterday before the market close,
Eventhough this is the case we can still highlist this one as a good stock push.
Because:
#1 Look at the MACD
#2 The fast line has crossed the slow line
#3 The cross between the fast line and slow line has happened below the 0 line to above the zero line on the histogram chart
Before you buy you should notice the positioning of the fast MACD line and the slow MACD line after that place a trade that is in the trend that you are following.
To know more about trend analysis learn the rocket booster strategy.
Rocket boost this content to learn more
Disclaimer:This is not financial advice do not buy or sell anything i recommend to you.DO you own research before you trade.
$SNAP Bull Flag Continuation (Volume Analysis)The current volume analysis on NYSE:SNAP is indicating possible bullish continuation.
The pole on this bull flag saw increased demand as price continued higher, followed by falling supply as price consolidated within the flag. The bullish breakout would have to equal minimum 1/2 of the previous flag pole. A 100% extension could also result.
Bearish scenario is a breakdown below and negation of the bullish flag. Bearish stops should be placed below the previous low and bearish breakdown of the flag.
Earnings Expectation for 2/6 $CMG $SNAP $ ENPH $AMGN🌯 Chipotle Mexican Grill ( NYSE:CMG )
The gourmet burrito king is expected to report a substantial EPS of 9.75 and revenue of 2.48B. With a record of beating expectations, all eyes will be on whether NYSE:CMG can maintain its zest amidst rising costs.
👻 Snap Inc. ( NYSE:SNAP )
Snap's earnings are always a snapshot of the social media landscape. Forecasts suggest an EPS of 0.06 and revenue of 1.37B. With a mixed market sentiment, will NYSE:SNAP surprise us with its performance?
☀️ Enphase Energy ( NASDAQ:ENPH )
As a beacon in the solar sector, NASDAQ:ENPH has a forecast EPS of 0.55 and revenue of 328.24M. Will their innovative energy solutions continue to brighten their financials?
💊 Amgen ( NASDAQ:AMGN )
This biotech giant is on the radar with an impressive EPS expectation of 4.60 and revenue of 8.12B. Having a strong track record, the question is: can NASDAQ:AMGN continue to deliver healthy results?
Remember, while earnings can excite the market, it's the guidance and forward-looking statements that often hold the real juice. Stay informed and invest wisely!
The Unstoppable Rise of Snapchat #BullishReady to ride the SNAP wave?
NYSE:SNAP NYSE:SNAP broke through the $14 resistance level, and we're now targeting the next major price level at $26.
One of the main drivers of Snapchat's bullish momentum is its impressive user growth. The platform has managed to engage a vast audience, particularly among the 13-34 age group, which is highly sought after by advertisers. This has led to a surge in revenue, with Snapchat's advertising business thriving as more brands seek to tap into this lucrative market.
Snapchat's unique approach to social media, with its focus on ephemeral content and augmented reality filters, has set it apart from its competitors.
This differentiation has allowed the company to carve out a niche for itself and attract a loyal user base that is highly engaged with the platform.
Furthermore, Snapchat's recent expansion into new areas, such as gaming and original content, has demonstrated the company's ability to adapt and evolve in an ever-changing digital landscape. This willingness to explore new avenues of growth is a testament to the company's forward-thinking mindset and bodes well for its future prospects.
The bullish momentum for Snapchat is driven by a combination of factors, including impressive user growth, innovative features, and a strategic focus on key demographics. As the company continues to expand and evolve, it is well-positioned to capitalize on the growing demand for engaging social media platforms and solidify its position as a leader in the industry.
Future looks bright for SNAP Chat. Bullish!
Downward action in playRsi crossed rsi ma on weekly chart, also 3 week rsi starting to curve down to rsi ma. price went into overbought territory on weekly. Looks like it's headed to retest $14
SnapNYSE:SNAP it just made wave 3 now is trying to make wave 4 it should be short but time will tell
Snap long ideai made the detailed explanation on chart. please be sure before long setup, price breaks the former high clearly with at least 3-4 bar in 4h chart.after this point easily we can built long setup.
SNAP Bullish PennantSNAP tightening in a bullish pennant after doubling off the bottom. Target $20.95 gap fill.
snap chat : where will it go?we find a very good trading idea by buying snap now
stop is at 16 dollar per share
Shift in dynamics between buyers (bulls) and sellers (bears)In light of my market analysis, there appears to be a noticeable shift in dynamics between buyers (bulls) and sellers (bears). It is particularly noteworthy that bears were unable to establish a new bottom in the September-October period, while bulls successfully broke through resistance, propelling the price to $17.9.
Based on my current observation, I am anticipating a pullback to the support level between $12.8 and $14, which previously served as a resistance level. This seems to present a potential entry point for purchases, aligning with my analysis.
Emphasizing the importance of considering both technical and fundamental factors, it is recommended to conduct thorough assessments, analyze trends, as well as support and resistance levels. Additionally, staying attentive to any news or events that may impact price movements is crucial. Do not overlook the necessity of a clear risk management plan and a thoughtful evaluation of portfolio diversification.
I am open to any feedback :)
SNAP - Textbook Wyckoff DistributionNYSE:SNAP looks to have entered a Wyckoff Distribution pattern after the massive bull run. Insider selling plus big synthetic short position on the Jan 5 14.5 options points to NYSE:SNAP being out of gas. Starting a short position here towards the top of the trading range, will add if it breaks below 16.5 w/ volume. GLTA
📈 REGULAR FLAT ON SNAPCHATHey, #SNAP has currently formed a regular flat pattern on the 15 minute.
We do have confirmation of the flat structure but now we need to look for a good entry point to possibly ride the bullish move.
Look for lower degree bullish trend continuation setups and manage your risk!
SNAP - Bottom is likely inBroken charts take time to heal and this one is showing signs of improving.
Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic.
Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above.
No position yet, but on close watch
SNAP The best short on the market.Snap Inc (SNAP) has been on an incredible rise since practically October 26, which was straight after the bottom on the Higher Lows trend-line of the 1-year Bullish Megaphone pattern. Technically that is the pattern's 4th bullish leg towards its top (Higher Highs trend-line). The price is very close to that level, which is also where the 1W MA100 (red trend-line) is waiting.
That is a trend-line that has been untouched for almost two years (January 04 2022). Obviously it is a major Resistance and coupled with the fact that the 1D RSI, besides touching its Higher Highs trend-line, is on the highest overbought level in three years (Oct 23 2020), makes a case for one of the strongest sell stock picks in the market.
All of the Megaphone's Higher Highs rejections have pulled-back to at least the 0.5 Fibonacci retracement level before a bounce. As a result, as long as we close the 1W candles below the 1W MA100, we are shorting Snap, targeting 12.00 (slightly above the 0.5 Fib).
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Snap (NYSE: SNAP) Shares Gain on Jefferies UpgradeSnap (NYSE:SNAP) shares rose more than 2% pre-market today after Jefferies upgraded the company to Buy from Hold and raised its price target to $16.00 from $12.00.
The most challenging times for the company seem to be over, and they see a pathway back to a mid-teens revenue CAGR over the next 3-5 years. The underperformance of Snap in the past, according to Jefferies, was largely due to the rebuild of their direct response (DR) advertising platform. This revamp led to a drop in revenue in the first two quarters of the year. However, recent developments suggest that the DR platform is starting to show positive trends.
Snap is well positioned to achieve a 15% revenue growth in fiscal 2024, marking a significant increase from around 0% in 2023.
Price Momentum
SNAP is trading near the top of its 52-week range and above its 200-day simple moving average.
What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.
Perfect Falling Wedge Chart PatternThe falling wedge pattern is followed by technical analysts because it typically signals a bullish reversal after a downtrend or a trend continuation during an established uptrend.
+Firms with low earnings estimates tend to perform better than anticipated—because of the low bar: They've nowhere to go but up.
09/21/2023 Snap surpasses 5M paid subscribers
Snap (NYSE:SNAP) says its paid subscribers have topped 5M, putting it halfway to a 10M goal in a little over a year since launch.
At the $3.99 per month subscription price, that amounts to some $20M in monthly revenues or $240M per year.
Fallling Wedge VS Inverse Head and Shoulders $SNAPThere are two scenarios following a very good earnings report. I believe a falling wedge is more likely, but if the guidance comes out low again, I see an inverse head and shoulder case. In any case, the price of NYSE:SNAP is currently at a low and its current real value is $10. Buying right now is a fantastic time to stock up on stocks. The chart says it, and the future will tell us.
