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SNAP trade ideas

SNAP - Bullish Multi-Time Frame Inverse Head & Shoulder PatternSummary: SNAP is forming a bullish inverse head & shoulders on multiple timeframes. This trade and target are largely based on the larger pattern (4hr time frame), however I think the pivot points and the 30min frame showing the slanted inverse H&S will provide for a high quality entry in the middle of the right shoulder so we don’t need to wait for a break of 13 for entries. Stop loss would be break below 12 support (or tighter SL depending on your risk tolerance). P&L Assuming 12.6 Entry: Gain: $1.3 Loss: $.6 Risk v Reward: 2:1 Possible Contracts: 13C for 1/3/2025 (currently $0.50) 12.5C for 1/3/2025 (currently $0.70)
NYSE:SNAPLong
by brycat23
1
SNAP - trading in the rangeHi Traders Snap Inc. is in an uptrend since August '24 and has a lot of upside potential. I would wait to see whether the upcoming price movement doesn't invalidate this uptrend, so the share price doesn't drop below $10. If this isn't the case, the uptrend will likely continue and the price will move to a higher high. Also in terms of fundamentals, Snap Inc. is doing great. They reported strong third-quarter 2024 results and made considerable progress in diversifying revenues with Snapchat+ through new artificial intelligence-enabled features. They authorized a new share repurchase program of $500 million as well. Zack Investment Research expects 2024 net sales to rise 15.4% from 2023. Enter this trade, after the price movement validates the continuation of the uptrend, between $10 and $11. Target a share price of $16.9 and put a stop loss at $9.6.
NYSE:SNAPLong
by vf_investment
2
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** – high-tech, augmented-reality (AR) glasses priced at $1,200. This bold move marks the company’s 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 Snap’s Spectacles AR glasses are a result of collaboration with Qualcomm and OpenAI’s 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. Snap’s 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, Snap’s primary source of revenue remains digital advertising. The Spectacles haven’t 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 ’s 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 Fed’s 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 Fed’s 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.
NYSE:SNAPLong
by DEXWireNews
4
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 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:SNAPLong
by TradingShot
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.
NYSE:SNAP
by livingdracula
3
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.
NYSE:SNAPLong
by cryptotrader6932198
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.
NYSE:SNAPLong
by optionfarmers
1
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.
NYSE:SNAPShort
by DEXWireNews