SNAP INC. CLASS A - 1H - Technical analysis published on 08/03/2020 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
17%
67%
17%
My opinion
Bearish under 21.53 USD
My targets
19.75 USD (-4.68%)
19.24 USD (-7.14%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on SNAP INC. CLASS A as long as the price remains well below 21.53 USD. The sellers” bearish objective is set at 19.75 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 19.24 USD. In case of crossing, the next objective would be the support located at 13.21 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.7
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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 rating is 20.72 USD. On the day, this instrument lost -7.58% with the lowest point at 20.61 USD and the highest point at 21.89 USD. The deviation from the price is +0.53% for the low point and -5.34% for the high point.20.61
21.89
20.72
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SNAP INC. CLASS A chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are bearish. There is still some doubt about the decline in the price.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Previous candle closed under Bollinger bands
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Downside gap
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 8.37 | 13.21 | 19.24 | 20.72 | 20.75 | 21.53 | 22.36 |
| Change (%) | -59.60% | -36.25% | -7.14% | - | +0.14% | +3.91% | +7.92% |
| Change | -12.35 | -7.51 | -1.48 | - | +0.03 | +0.81 | +1.64 |
| Level | Intermediate | Major | Intermediate | - | Major | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.75 | 20.90 | 21.66 | 22.81 | 23.57 | 24.72 | 25.48 |
| Camarilla | 21.90 | 22.07 | 22.25 | 22.42 | 22.60 | 22.77 | 22.95 |
| Woodie | 19.56 | 20.80 | 21.47 | 22.71 | 23.38 | 24.62 | 25.29 |
| Fibonacci | 20.90 | 21.63 | 22.08 | 22.81 | 23.54 | 23.99 | 24.72 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 19.75 | 20.90 | 21.66 | 22.81 | 23.57 | 24.72 | 25.48 |
| Camarilla | 21.90 | 22.07 | 22.25 | 22.42 | 22.60 | 22.77 | 22.95 |
| Woodie | 19.56 | 20.80 | 21.47 | 22.71 | 23.38 | 24.62 | 25.29 |
| Fibonacci | 20.90 | 21.63 | 22.08 | 22.81 | 23.54 | 23.99 | 24.72 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 15.15 | 18.34 | 20.38 | 23.57 | 25.61 | 28.80 | 30.84 |
| Camarilla | 20.98 | 21.46 | 21.94 | 22.42 | 22.90 | 23.38 | 23.86 |
| Woodie | 14.58 | 18.05 | 19.81 | 23.28 | 25.04 | 28.51 | 30.27 |
| Fibonacci | 18.34 | 20.34 | 21.57 | 23.57 | 25.57 | 26.80 | 28.80 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 27.99 | |
| MACD (12,26,9): | -0.3400 | |
| Directional Movement: | -15.56 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 21.88 | |
| Parabolic SAR (0,02-0,02-0,2): | 23.54 | |
| Elder Ray (13): | -1.16 | |
| Super Trend (3,10): | 22.51 | |
| Zig ZAG (10): | 20.78 | |
| VORTEX (21): | 0.7300 | |
| Stochastique (14,3,5): | 5.67 | |
| TEMA (21): | 21.62 | |
| Williams %R (14): | -95.22 | |
| Chande Momentum Oscillator (20): | -2.07 | |
| Repulse (5,40,3): | -4.4500 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0400 | |
| Courbe Coppock: | 5.21 |
| MA7: | 22.34 | |
| MA20: | 23.76 | |
| MA50: | 22.18 | |
| MA100: | 18.14 | |
| MAexp7: | 22.01 | |
| MAexp20: | 22.27 | |
| MAexp50: | 22.67 | |
| MAexp100: | 23.08 | |
| Price / MA7: | -7.25% | |
| Price / MA20: | -12.79% | |
| Price / MA50: | -6.58% | |
| Price / MA100: | +14.22% | |
| Price / MAexp7: | -5.86% | |
| Price / MAexp20: | -6.96% | |
| Price / MAexp50: | -8.60% | |
| Price / MAexp100: | -10.23% |
Quotes :
2020-08-03 15:43:24
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15 min delayed data
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NYSE Stocks
News
The latest news and videos published on SNAP INC. CLASS A at the time of the analysis were 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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