The Future Of Our Kids, Earnings Is BIGThis tock is always super volatile during earnings and last one was in the upside direction.
I see that it looks like it wants to fill the gap, but the circled volume structure for the last move shows there was not a lot of buying in this last consolidation period.
Make or break time for this, id buy on the way down if it is bad...
1SNAP trade ideas
SNAP eyes on $11.75: major support that could mark "the bottom"SNAP just got dumped on last earnings report.
It has since been testing a most important level.
Tight confluence of two Golden fibs marks the spot.
$ 11.72-11.76 is the exact zone to be held.
$ 13.16-13.35 will be first serious resistance.
$ 15.99-16.29 would make a nice final target.
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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.
SNAP Options Ahead of EarningsIf you haven`t bought the dip on SNAP:
nor sold SNAP before the previous earnings:
Taking into account SNAP's post-market decline following META's selloff and examining both the options chain and SNAP's chart patterns before this week's earnings report, I'd contemplate acquiring the $10 strike price calls expiring on April 26, 2024.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
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.
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.
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.
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.
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.
Technical Analysis of Snap Inc. (SNAP) Amidst Recent PriceFluctuation and Anticipated Earnings Report
As we approach the end of a trading session characterized by marked volatility, our scrutiny is firmly on Snap Inc. (SNAP) which has exhibited a noteworthy 5.87% upsurge in today's market. Let us delve into the technical facets underpinning this movement and extrapolate potential future price actions as we consider the impending earnings report due in seven days.
Ichimoku Cloud Analysis:
Our investigation commences with the Ichimoku Cloud, where SNAP has been grappling with the resistance level delineated by the cloud. The latest candlesticks are situated below the cloud, suggesting a predominant bearish sentiment. However, the recent upswing indicates a possible challenge to the cloud's upper bounds. Should SNAP sustain a breakout above the cloud, it may signal a shift toward bullish momentum.
Fibonacci Retracement Levels:
The Auto Fibonacci Retracement tool, anchored from the recent swing high at approximately $12.65 to a swing low near $10.93, offers vital insights. Currently, SNAP is oscillating around the 0.382 retracement level at $11.68, striving to consolidate gains. A decisive push above this zone could steer the price toward the 0.618 level at $11.91, serving as the next resistance. Conversely, failure to uphold these gains may see the price retrace toward the 0.236 support level at $11.26.
Volume and Price Action:
The volume profile has witnessed a substantial spike on the last candle, aligning with the price jump, which can be interpreted as a robust buying interest. This interest needs to be monitored closely for sustainability, as a drop-off in volume could negate the positive price trajectory.
Moving Averages:
The 9-day (blue line) and 26-day (red line) exponential moving averages (EMAs) are converging, indicating indecision in the market. A bullish crossover, with the 9-day EMA breaching the 26-day EMA from below, may advocate for a continuation of the upward movement.
Relative Strength Index (RSI):
The RSI presently lingers near the 54.08 mark, neither overbought nor oversold. This provides room for the stock to either ascend or descend without immediate pressure from momentum indicators.
Moving Average Convergence Divergence (MACD):
The MACD histogram portrays a positive momentum as the bars ascend above the signal line. The indication of increasing bullish momentum could underpin further gains should the trend persist.
On-Balance Volume (OBV):
OBV trends are ascending, reinforcing the legitimacy of the current uptrend by reflecting accumulated volume on up days.
Speculative Price Targets:
Should the bullish indicators prevail, particularly a breakout above the Ichimoku cloud and a sustained volume increase, we could anticipate SNAP testing the $12.23 (0.786 Fib level) in the near term. In the event of a reversal, the $10.93 level may serve as a crucial support to watch.
Concluding Remarks:
As Snap Inc. braces for its earnings release, the technicals paint a tapestry of cautious optimism intertwined with vigilant watchfulness for any shifts in market sentiment or volume trends. Traders should maintain vigilance, particularly in regard to the response to the upcoming earnings report, which could serve as a significant catalyst for the stock's direction in the subsequent trading sessions.
Snap's Stock Surge 5.23% Amidst TikTok Turmoil:In the ever-evolving landscape of social media, rivalries often dictate market dynamics and investor sentiment. The recent flurry of legislative activity surrounding TikTok, the hotly popular social media platform, has cast a spotlight on its American counterpart, Snap Inc., the owner of Snapchat. As the U.S. House of Representatives deliberates on measures to either transfer ownership or ban TikTok in the United States, Snap's stock witnessed a notable surge, signaling a renewed focus on the dynamics of the social media landscape.
Legislative Turmoil and Market Reaction
The brewing legislative storm surrounding TikTok has triggered a flurry of market activity, with investors closely monitoring developments. As House Speaker Mike Johnson spearheads efforts to compel ByteDance, TikTok's China-based owner, to divest its U.S. operations, Snap's stock experienced a significant uptick, closing 4.7% higher amidst broader market fluctuations. The stark contrast between Snap's bullish performance and the slight slump of the S&P 500 index underscores the market's keen interest in the fate of TikTok and its implications for industry competitors.
TikTok's Fate Hangs in the Balance
The proposed legislative measures aiming to either facilitate TikTok's divestiture or enforce a ban in the United States have injected uncertainty into the social media landscape. While lawmakers rally behind foreign aid bills that could incorporate the TikTok measure, questions linger regarding the potential repercussions for NYSE:SNAP and its business operations. The looming possibility of TikTok falling into the hands of a formidable American competitor raises concerns about intensified rivalry and market disruption.
Bullish Sentiment vs. Real-World Implications
Amidst the speculative fervor surrounding TikTok's fate, questions arise regarding the tangible impact on Snap's business trajectory. While the market's bullish reaction suggests optimism about Snap's competitive positioning, skeptics caution against overestimating the implications of TikTok's potential divestiture. The likelihood of legal challenges and constitutional debates surrounding the proposed measures adds layers of complexity to the unfolding narrative, tempering expectations of a straightforward resolution.
Navigating Uncertainty: Snap's Strategic Outlook
As NYSE:SNAP navigates through the tumultuous waters of legislative uncertainty, strategic foresight and adaptability emerge as key pillars of resilience. While market dynamics may fluctuate in response to legislative developments, Snap's focus remains steadfast on innovation, user engagement, and long-term growth. The company's ability to weather regulatory storms and pivot in response to evolving market dynamics underscores its resilience and commitment to shareholder value.
Conclusion: A Rivalry Redefined
The intersection of legislative scrutiny and market dynamics has reshaped the narrative surrounding NYSE:SNAP and its rivalry with TikTok. While legislative turbulence may introduce short-term volatility, Snap's enduring focus on innovation and user-centric experiences positions it for sustained success in the competitive social media landscape. As the saga unfolds, investors and industry observers alike await the next chapter in the evolving rivalry between NYSE:SNAP and TikTok, poised at the intersection of legislation and market forces.
‘Death cross’ in SnapSnap plunged two months ago. Now, after a period of consolidation, some traders may see further downside risk.
The first pattern on today’s chart is the bearish gap on February 7 after revenue missed estimates. The social-media stock tried to recover a month later but quickly reversed. That may confirm resistance is in place.
A descending triangle developed in the following month as lower highs occurred. That’s a potentially bearish continuation pattern.
Third, SNAP has remained mostly below its falling 21-day exponential moving average. That may reflect bearishness over the short and intermediate terms.
Finally, the 50-day simple moving average (SMA) had a “death cross” under its 200-day SMA this week. That may reflect bearishness over the longer term.
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SNAP - WEEKLY BULLISH DIVERGENCE - LOOKS GOODSnapchat stock looks good now.
The price creates higher lows.
Weekly bullish divergences are not a joke. We expect SNAP to give 285 % gains in a long-term.
Targets / Take profit areas are shown on the chart.
SNAP is down 90 % from its ATH. It's not a time to be bearish . DCA into SNAP and enjoy the profit on the way up.
We may see a pullback to retest the previous low or to create one more higher low before getting stronger momentum. However, there is a chance that the weekly bullish divergence plays out soon and we won't see lower prices.
Good luck
RiskMastery's Red Flag Stocks - SNAP EditionWelcome to RiskMastery's Red Flag Stocks - Stocks with bearish potential.
In this edition, we'll be looking at NYSE:SNAP ...
I believe this code is at a point of potential volatility.
If price can hold below $11.19 ... Bearish potential may be unlocked.
My key downside targets include:
- $10.25 (Conservative)
- $8.86 (Medium)
- $7.78 (Aggressive)
If however price breaks above $12.89 ... Bullish potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
Snap may benefit from the TikTok ban. Trading idea 14/03/2024The US House of Representatives has passed a bill to ban TikTok in the US due to concerns over the platform's ties to China. The Senate will next consider the matter. According to analysts at CFRA Research, Snap Inc. stands to be the primary beneficiary of a TikTok ban. The app's audience overlaps that of TikTok, which could allow the issuer to increase its active users and likely lead to higher ad sales volumes and company revenue.
Let's turn our attention to the stock chart of Snap Inc. (SNAP).
On the daily (D1) timeframe, a support level has been established at 11.11, with resistance forming at 12.65. As the quotes have rebounded from the lows of late February this year, we are witnessing the start of an upward trend.
On the hourly (H1) timeframe, long positions might be attractive upon breaking through the 12.65 level, targeting a short-term goal of 15.18. Maintaining a long position up to 17.92 could be considered in the medium term.
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SNAP could make a sharp bounce. Spiking out the low of a parabolic rally is a very common occurrence in this type of pattern. It's a big panic point when all gains have been lost even if in very early to the rally. Often we see ultimate lows in these areas (Commonly off slow ranges) and even with things going much lower we see aggressive bounces.
Here's an example.
This is the same concept used for the ARKK forecast.
$SNAP Uptrend Still Intact - Can It Breakout of Consolidation?It looks like this has bottomed. Very similar look to many other growth names but hasn't really caught much of a bid yet. With news of the TikTok ban, this could see some tailwinds finally. It's been consolidating sideways in the orange channel for some time. If it can get above the turquoise downtrend channel from ATH around 15 or so, I think it could breakout much higher.
Target 1: 15
Target 2: 19.30
Target 3: 25
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.
LET'S TALK ON SNAPHello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
LET'S TALK ON SNAP 📚
👉 As we can see bulls took over from a long-term perspective specially after breaking above our major swing high marked on Daily time frame, Moreover, price is approaching our zone again lining up with a massive support zone, where we will be looking for new longs as well.
👉Meanwhile, for the bulls to take over, we need a break above the marked major swing high, then a movement higher would be expected.
Until that happens, price can still trade lower to be diving inside our support zone. 📚
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
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.