Snapchat rocket primedAfter 2 years of consolidation we have a lot of fuel in the tank here. I think we see a quick shot up to $20 this month. NYSE:SNAPLongby kyleeto2
SNAP Options Ahead of EarningsIf you haven`t bought the dip on SNAP: Now 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 2024-11-1, for a premium of approximately $1.01. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Longby TopgOptionsUpdated 116
SNAP Gap Fill Short IdeaBig pop for SNAP after earnings, filled the gap above this morning and has stalled since. Watching the $12.71 area for direction. If it remains below, downside target is today's gap. If it breaks above, would be looking for longs on a retest in the future.Shortby AdvancedPlays0
$SNAP buy opportunityNice rejection from support. I will target resistance (blue line) and if monthly closure occurs above resistance I will open another position and target supply zone.Longby blaz860
10x-12x on SNAP Q1 20252 week candle time frame Harmonic reversal indicator calling for a 10x-12x on SNAP Q1 2025 TTM squeeze has decreasing bearish momentum. Stochastic RSI is oversold. Plenty of lower profit targets can be met , $27, $38, $60 , still huge outperformance returnsLongby DYOFR_0
Short SNAP @ 10.51SNAP is overbought. It has run up almost 25% in two weeks and is right at resistance. Either it will fail soon or break out. I'm betting on a fail. Just went long the Oct 11 10.50 put for .34 - wish me luck. Either the trade goes my way quickly or against me hard, I suspect. Odds obviously favor with me based on past stats. I'll post those when I get a minute. Trade is based on my untested short system so trade it at your own risk.Shortby redwingcoachUpdated 4
Watchlist week ending 10/4/2024Lets get into it! I got a hand full of stocks to keep your eyes on for the week ending 10/4/24. The airlines like #AAL continue to show us that our TA was spot on. Get yourself a warm cup of coffee and soak up this knowledge as we breakdown #SPY #DIS #QQQ #google #intc #MSFT and many more hot #stocks!12:59by Mustangsvt2813
Can you spot the cat ?Yea ! I think That I have discovered a new chart pattern. So this cat pattern thatβs just formed must be bullish right? To me the cat looks poised to leap up, coiled like a spring. A traders had success with animal themed formations ? Anyway think SNAP chart looks good for more upside, Is it a cat or some rare breed of terrier ?by RIckAshby443
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** β high-tech, augmented-reality (AR) glasses priced at $1,200. This bold move marks the companyβs 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 Snapβs Spectacles AR glasses are a result of collaboration with Qualcomm and OpenAIβs 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. Snapβs 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, Snapβs primary source of revenue remains digital advertising. The Spectacles havenβt 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 βs 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 Fedβs 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 Fedβs 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.Longby DEXWireNews4420
4 hr rsi divergencePrice is at near all time lows with clear support down here. They have just launched their new AR glasses, not a game changer but may be a catalyst to get people interested in the stock. Look a relative low risk trade down here by RIckAshby2
SNAP bottom of range.....LONGAs we retesting bottom of range, looking for snap to head back towards the teens over the next few months.Longby Alecw6455
SNAP bottom of range.....LONGAs we retesting bottom of range, looking for snap to head back towards the teens over the next few months.Longby Alecw6452
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 π, FOLLOW β , SHARE π and COMMENT β 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. ** ------------------------------------------------------------------------------- πΈπΈπΈπΈπΈπΈ π π π π π πLongby TradingShot15
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. Longby Betitio8
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. by livingdracula335
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. Longby cryptotrader69321987
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 DDShortby BlackisKingUpdated 224
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. Longby optionfarmers115
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.Shortby DEXWireNews3
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. Longby AcitsilosUpdated 118
Double Bearish Harmonics on SNAP (3H Timeframe) π Overview: Exciting setup on SNAP with two bearish harmonic patterns: Butterfly and Anti-Cypher. This double confirmation strengthens the bearish outlook! π The RVOLD average is supporting the downward move, increasing alongside the red candles. π π Chart Analysis: 1οΈβ£ The Butterfly and Anti-Cypher patterns are indicating potential reversals, with strong resistance around the $17.34 level. 2οΈβ£ The increasing RVOLD average supports the bearish sentiment, suggesting more sellers are stepping in. π π― Trade Setup: Entry Point: Look for confirmations as the price approaches resistance. Target 1: $16.31 π° Target 2: $16.19 πΈ Stop Loss: $17.34 π¨ π 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. ππ The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade. π Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. β³ π Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! π€πͺπ» #SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi ππ»Shortby TradeTalkFarsiUpdated 332
SNAPCHAT GIVING A SHORT SIGNAL!NYSE:SNAP is now down 15% off it's indicator red dot short signal from earlier in the weekLongby overkilltrading3