$SNAP Covered Puts ideaNYSE:SNAP always falls after earnings only to recover! we see bullish divergence on the RSI and a HUGE gap to fill overhead. Looking to play the bounce here with selling the $10/$11 puts.
Snap
PHUN Long Trade Expecting Continuation PHUN is in the advertizing business specializing in targeting consumers with smart filterning of
the ads tailored to their websurfing and data history. That said, it competes with Google,
Facebook, Snapchat and all the rest. it is far more volatile than them as a small cap company.
The trade is in capturing the volatility.
On a 120-minute chart, PHU was in a state of dormancy and almost no range in late 2023
but awoke in the current year. The all-the-highs are in the 80 range back in 2022. From the
highs of January to the recent low on March 1st, PHUN dropped more than 70% in 40 days or so.
On the chart, it has broken out of deep undervalued territory and is not situated near the
anchored mean VWAP and is at the POC line of the volume profile. It traded nearly 70
million shares about 20X the running average. I see this as an opportunity for a long
trade at or near the VWAP where institutionally based traders are likely to trade. The
volume and volatility make this obvious. A similar combination of volume and volatility last
occurred about January 16 and propelled the price more than 250% in 4 days. While a similar
move should not be expected, even 50% in 4 days is an excellent return for the risk taken.
I will set a stop loss of 10% for this volatile stock while targeting 18 and 22 from the VWAP
band lines on the chart.
SNAP Stock Exhibits Classic Head and Shoulders Pattern on 1-WeekIn a revealing development for traders, SNAP stock has formed a distinct head and shoulders pattern over a 1-week timeframe. This classic chart formation, often indicative of a potential trend reversal, suggests that investors should brace for possible changes in the stock’s trajectory. With the pattern now complete, market watchers will be closely monitoring SNAP’s next moves.
SNAP 160 % or more upside expectedWe expect SNAP to drop 15 % more from current prices.
-It will be a good entry for long as it will correspond with a low from March 2020.
-Target show in the chart. We expect the gap to get filled.
-Stop loss shown in the chart.
Snapchat is undervalued at those levels. Good buy also for a long-term hold.
SNAP Options Ahead of Earnings If you haven`t sold SNAP here:
nor bought the dip before the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 15usd strike price Puts with
an expiration date of 2025-1-17,
for a premium of approximately $2.62.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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.
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!
snap chat : where will it go?we find a very good trading idea by buying snap now
stop is at 16 dollar per share
📈 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.
SNAP Options Ahead of EarningsIf you haven`t sold SNAP here:
or ahead of the previous earnings:
Then analyzing the options chain and the chart patterns of SNAP prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2023-11-17,
for a premium of approximately $0.60.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SNAP - No Longer Ghosting 👻Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📦 NYSE:SNAP has been confined within a range for nearly a year , indicating a significant accumulation phase.
📈 For bullish momentum to prevail, a decisive break above the upper boundary at 14.0 is crucial.
In such a scenario, the Markup phase would initiate, propelling the price towards the 30.0 mark.
🏹 Meanwhile, SNAP is expected to consolidate. As it nears the lower bound at 10.0 once again, we will be actively searching for new short-term buy setups.
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
SNAP Potential bearish reversal. MACD to confirm the sell. Snap Inc (SNAP) has been on a strong rise since the September 26 Low. Technically since the October 21 2022 market bottom, the stock has been trading within a wide Rectangle pattern, with the majority of its price action observed within the (blue) High Volatility Zone consisting of the 0.236 - 0.618 Fibonacci range. The price is currently on the 0.236 Fib.
Every 1D MACD Bearish Cross above the 0.00 mark, following a rally that started with a Bullish Cross below 0.00, has been a great sell opportunity. Our target is exactly on the 0.618 Fib at 9.85 (the bottom of the High Volatility Zone), which will also make a perfect contact with the (green) Ichimoku Cloud. Notice the harmonic trend of the Ichimoku Cloud within this long-term Rectangle. Every decline tends to hit it.
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Snap Stock Jumps On Reports Of Purchasing In Snap Via AMZ.Snap stock is rising Tuesday on reports the company has a deal to allow users to directly purchase Amazon (AMZN) products on Snapchat. The deal for Snap (SNAP) follows a similar agreement between Amazon and Facebook parent Meta (META).
The agreement will allow Snap users to buy Amazon products they see advertised on Snapchat directly through the app. The arrangement was first reported late Monday by The Information.
Snap stock is up 9% at 12.34 in recent action on the stock market today.
Amazon Collaborates With Snap
Amazon confirmed details of the arrangement to Reuters. Snap users will be able to see real-time pricing, Prime eligibility, delivery estimates and product details on select Amazon product ads within Snapchat.
The deal is similar to one struck between Amazon and Snap's larger rival, Meta. Users on Meta's Instagram and Facebook will also be able to shop Amazon directly on each app after linking their accounts.
Snap Stock: Sales Bouncing Back
Snap, meanwhile, is coming off its first quarter this year with year-over-year sales growth. The company reported a 5% revenue increase for the third-quarter.
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.
Snap Stock Surges More Than 11% After Earnings BeatSnap (SNAP) reported its third quarter earnings Tuesday after the bell, beating estimates of the top and bottom lines and suggesting that more growth for the social messaging company may be on the horizon.
These earnings beats were a much-needed win. Snap, owner of Snapchat, has become representative of the malaise that can affect an advertising-dependent tech company. The business has struggled since the launch of Apple's (AAPL) App Transparency Tracking, and was sent reeling by a digital advertising slowdown that's only just picking up again.
Many of Snap's plans for its future — for example, its repeated efforts to make mainstream AR glasses — have yet to fully take. The company this year released its own AI chatbot, My AI, but its rollout has reportedly raised fears among parents concerned for their children's safety.
In its earnings release, Snap revealed that over 200 million people have used My AI, sending more than 20 billion messages. It has also signed up 5 million people for its premium subscription Snapchat+, adding a potential annual income of more than $200 million.
“We are focused on improving our advertising platform to drive higher return on investment for our advertising partners, and we have evolved our go-to-market efforts to better serve our partners and drive customer success," Snap CEO Evan Spiegel said in a statement.
Additionally, Snap offered up a relatively optimistic internal forecast, saying that it sees its Q4 adjusted EBITDA coming in between $65 million and $105 million, a wide range but on the high end from Wall Street's estimates of $100.6 million. Notably, this was not formal guidance; Snap is opting to disclose internal guidance, which should be viewed with some caution.
The Earnings Rundown
Here are the key numbers that Snap reported, compared to Wall Street's expectations as compiled by Bloomberg:
Adjusted Earnings Per Share: $0.02 actual versus -$0.04 expected
Revenue: $1.19 billion actual versus $1.11 billion expected
Global Daily Active Users (DAUs): 406 million actual versus 405.79 million expected
Snap's daily active user numbers are particularly notable — they mark growth of 12% year over year.
Snap COO Jerry Hunter is set to retire, the company revealed in its report. Snap also authorized a share buyback program up to $500 million, implying that management thinks the company's stock is undervalued.
Snap shares came into this earnings cycle up about 9% year to date, lagging the Nasdaq Internet Index, which is up about 34% in 2023. Its revenue had declined in the last two quarters before the latest reversal.
Despite the upswing in Snap's revenue and signals that the advertising market is recovering, the company's investor letter acknowledged that the third quarter was tough. Looking ahead, there are also fears of another advertising downturn due to the war in Israel.
SNAP: EASY 17.89 BEFORE NEXT EARNINGDespite the market consolidation, I agree that the SNAP sell-off was an overreaction. Big hands are attempting to shake off the Snap investors in order to move higher. Currently, large volumes are being bought as much as they can at below resistance, which is around 11.22, but if it breaks, we should expect 12.19 in no time. This is the time to start collecting shares, not wait. Big whales will force you to purchase you at a expensive price. I am bullish in Snap. GOING UP AFTER 08/07/2023
SNAP looks bullishJust broke out of the descending channel and may have found support on the WLB. Entry set on this level with another opportunity to add on the MLB. If level reaches here, I will look at some long dated options available that week.
Big divergence on Snab RS + its trading above the EMA on the weekly and looks like it going to cross on the monthly as well.
Is the SNAP Sell Off overreaction a Reversal Setup?Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings
drop is seen The earnings beat the analysts. Price has started a low momentum
recovery. The dual time frame RSI shows the low/blue line RS rising above the
high/black line. SNAP is in the deep oversold and undervalued territory in the area
of the lowermost intermediate-term anchored VWAP lines. The mass index indicator
triggered a reversal in the pre-market hours today. I will take a cautious long trade
here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about
10%.
$SNAP After Earnings PlayNYSE:SNAP After Earnings Play, Everybody knows the three day rule where you wait 3 days after a stock reports earnings. You can wait 3 days to begin a starter position in NYSE:SNAP , there is a lot of support at these price levels.
SNAP sells hard after earnings -20%snapchat drops in after hours despite beating numbers. Investor call mentions they are focused on getting free cashflow positive even if it means slower growth.
