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SNAP INCSNAP INCSNAP INC

SNAP INC

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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: $17.34 🚨 📝 Why I'm Interested: These patterns have formed fairly recently (less than 24 hours), making this an early signal. If we nail it, it can be super profitable. 📊📉 The double harmonic patterns and increasing RVOLD give a strong bearish confirmation, perfect for a high-probability trade. 📅 Timeframe: Watching this setup on a 3-hour chart, so keep an eye on shorter-term price movements for the best entries and exits. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑💪🏻 #SNAP #ButterflyPattern #AntiCypher #RVOLD #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NYSE:SNAPShort
by TradeTalkFarsi
3
Snapchat- just playing stocks when boring in cryptos. - Snap seems in a bullish momentum. - Making HH and LL. - could retest 20$ ish. - could also retrace a retest low 11$. -------------------------------------------- Trading Parts -------------------------------------------- - Buy now - 14.5$ ish. ( 25% invest ) - Rebuy - 11$ - if retracement. ( 75% invest ) -------------------------------------------- TP1 : 20$. TP2 : before 54$. -------------------------------------------- if u want to set a SL : 7.25$ -------------------------------------------- Stay S4fe Happy Tr4Ding !
NYSE:SNAPLong
by thecryer
3
+ 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.
NYSE:SNAPLong
by MiguelFTCurado
5
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.
NYSE:SNAPLong
by AwesomeAvani
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
NYSE:SNAPShort
by rudcharts
3
SNAP, will snap to the big upside soon!SNAP has peaked at 18.0 levels a few days ago only to be tamed down back to 11.00 range. This after the last QTR earnings calls where the company missed earnings estimates even though the numbers are green. The overreaction to this is unwarranted. Now we're back again at discount levels. It's very rare we see an opportunity like this one. Significant net buying activity has been spotted. Position takers are placing their bets already on the recovery -- because it will. Spotted at 11.00 From our visual chart, the hint is clear. The 'star' is about to escape the bear cell and will rise to the sky again soon. Expect a series of significant rise from the current range. TAYOR.
NYSE:SNAPLong
by JSAL
1
Snap Stock Rockets 29% After Blowing Past Earnings ExpectationsSnap Inc. ( NYSE:SNAP ) sent shockwaves through the market with a stunning 29% surge in its stock price following an impressive earnings report that far exceeded expectations. The parent company of Snapchat reported robust revenue growth and a significant acceleration in its advertising business, catapulting investor confidence and reigniting bullish sentiments for the social media giant. Earnings Triumph Amidst Market Expectations Snap's first-quarter earnings report surpassed all projections, with the company earning an adjusted 3 cents per share on sales of $1.2 billion, defying forecasts of a 5-cent loss per share on $1.12 billion in revenue. This remarkable performance underscored Snap's resilience and ability to navigate through challenging market conditions, showcasing its prowess in monetizing its platform and driving user engagement. Revenue Surge Signals Renewed Growth The highlight of Snap's earnings report was its exceptional revenue growth, which surged by an impressive 21% year-over-year. This marked a significant turnaround from previous quarters, where Snap had faced tepid revenue growth and unfavorable comparisons to industry peers. The company's robust advertising platform and increased demand for direct-response ads were cited as key drivers behind this remarkable growth, signaling a promising trajectory for Snap's monetization efforts. Strategic Initiatives Drive User Engagement Snap's shareholder letter highlighted several strategic initiatives that contributed to its stellar performance, including the successful rollout of Snapchat+, a subscription product offering exclusive app features. The company reported a threefold increase in paying users, underscoring the effectiveness of its monetization strategies and the value proposition of its premium offerings. Additionally, Snapchat's daily active users saw a notable uptick, reaching 422 million, with further growth projected in the coming months. Wall Street Reacts With Optimism and Caution Analysts responded positively to Snap's earnings beat, with many raising their price targets and reaffirming their bullish outlook on the stock. Jefferies analyst James Heaney lauded Snap's revenue growth acceleration and raised his price target, citing strong performance in ad spending by small and medium-sized businesses. However, some analysts maintained a cautious stance, citing concerns over revenue predictability and regional user growth patterns. Technical Challenges Amidst Market Volatility Despite the impressive stock surge, Snap ( NYSE:SNAP ) still faces significant challenges, including a year-to-date decline of 10% and lingering concerns over its technical ratings. The company's stock remains below its all-time high, reflecting ongoing volatility and investor skepticism. However, Snap's stellar earnings performance has injected renewed optimism and positioned the company for a potential rebound in the market. Snap's Resurgence Signals Renewed Momentum Snap's stellar earnings report and subsequent stock surge mark a significant milestone in the company's journey towards sustained growth and profitability. With robust revenue growth, strategic initiatives driving user engagement, and positive sentiment from analysts, Snap is poised to capitalize on its strengths and overcome market challenges. As the social media landscape continues to evolve, Snap stands out as a compelling investment opportunity, poised to deliver long-term value to shareholders amidst a rapidly changing digital ecosystem.
NYSE:SNAPLong
by DEXWireNews
Snap Stock Surges 25% on First-Quarter ExpectationsSnap Inc., ( NYSE:SNAP ) the parent company of the popular photo messaging app Snapchat, stunned investors by outpacing Wall Street's expectations in its first-quarter earnings report. The company's stock soared 25% in after-market trading, reaching $14.32, as it revealed impressive revenue growth and user expansion. In a period where digital advertising has become fiercely competitive, Snap's ( NYSE:SNAP ) revenue for the quarter ended March 31 surged to $1.2 billion, a remarkable 21% increase from the previous year. This figure surpassed analysts' consensus estimate of $1.12 billion, indicating that Snap's efforts to enhance its advertising system have yielded results quicker than anticipated. Central to Snap's ( NYSE:SNAP ) success has been its concerted efforts to refine its ad-targeting capabilities and streamline user interaction with advertisements. These improvements have not only boosted revenue but also positioned Snap to better compete with industry giants like Meta Platforms, the parent company of Facebook. Snap's optimism extended into its forecast for the second quarter, with projected revenue between $1.23 billion and $1.26 billion, surpassing analyst expectations. Additionally, daily active users on Snapchat reached 422 million, exceeding analyst projections of 419.6 million. The company's bullish outlook comes at a crucial moment, as regulatory pressures mount against its competitors. With the recent passage of a bill in the U.S. Senate threatening to ban TikTok, owned by Chinese tech company ByteDance, Snap ( NYSE:SNAP ) stands to benefit from potential shifts in marketing budgets if TikTok becomes unavailable. Snap's strategic positioning and strong user growth have instilled confidence in its future prospects. The company anticipates further user expansion, with expectations to reach 431 million users in the second quarter. Moreover, Snap's commitment to cost efficiency is evident in its projection of quarterly infrastructure costs per user between 83 cents and 85 cents for the remainder of the year. While Snap's ( NYSE:SNAP ) remarkable performance in the first quarter has ignited optimism among investors, the key question remains: Can it sustain this momentum? As competition intensifies and market dynamics evolve, Snap ( NYSE:SNAP ) will need to demonstrate its ability to consistently innovate and capture value in the rapidly evolving digital landscape. In conclusion, Snap's impressive earnings report and bullish outlook underscore its resilience and adaptability in navigating the challenges of the digital advertising market. As the company continues to capitalize on its strengths and expand its user base, investors are closely watching to see if Snap can maintain its trajectory of growth and profitability in the quarters ahead.
NYSE:SNAPLong
by DEXWireNews
6
SNAP, YOU'RE NOT UGLY, YOU JUST NEED A FILTERSnapchat talk about potential to target a very specific audience. Teens the AI potential is cool I'm sure they will be going the reel route Sell targets in Pink Buy targets in blue It seems this stock might have a little downside left, but should start going pretty soon. somewhere between the blue range could easily trigger a really quick move to $20. Earnings is the 23rd. Really good looking chart for trading. Watch the trends.
NYSE:SNAPLong
by nicktussing77
4/25/24 - $snap print - covered long play4/25/24 - vrockstar - not willing to outright ride long on evan's crackpipe stock, but tiktok ban, FB's #s +ve (and reaction mainly related to speech specific to zuck), last snap print was really a reset of expectations, options pricing in rich upside... so decided to sell some at the money C's and a few OTM C's (covered, lol), for 10% implied daily yield if i'm right. don't think drawdown will be more than say 15%, so i'm thinking w/ the calls i'll be down 5 and likely 10% most - so this is reasonable risk for the daily.
NYSE:SNAPLong
by VROCKSTAR
Reversal for $SNAP?Hi all, posting an idea that I like and have a position in for this coming week. NYSE:SNAP is showing some signs of a reversal to the upside after several months of downside/sideways trading due to it breaking the horizontal flag the downside with a gap down after it's last earnings report. This time around it is showing signs of a reversal to the upside at the bottom of a long-term trading channel. I drew this using parallels lines from the top of the channel to the bottom of the channel. The stock demonstrated price action above both the daily 9 and 20 SMAs the past two trading sessions and closed above them. The 55 SMA was tested twice and rejected thus far. The price action showed 3 green daily candles (3 white knights) in a row followed by a red candle back to the 20 SMA. The RSI is healthy sitting right around 50. The MACD histogram is moving back to the upside. NYSE:SNAP earnings report will come on Thursday, 25Apr2024 after market close. Earnings Whisper is showing an options implied move of 21.4%. This is a highly speculative idea, but based on this technical analysis I have taken a position in $12 call options with an expiration of 26Apr2024. This is not a recommendation to buy, it's just an idea that I am sharing and something that I am positioned in.
NYSE:SNAPLong
by williarm55