Snap stock: buy or sell

SNAP stock price: $63.60 0.68% At close on Jun 21st, 2021

Updated on:
Jun 22nd, 2021

1

Snap stock brief

  • Snap stock slightly changed 0.68% to close at $63.60 on the stock market today, after 3 consecutive sessions in green.
  • Snap Inc. operates as a camera company in the United States and internationally.

Should I buy Snap stock?

All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $SNAP stock a buy?

Currently, Snap stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean $SNAP will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Snap stock?

"To sell or not to sell", if you are holding Snap stock?. Trading strategies give us the ability us to avoid impulsive decisions based on our feelings or the buzz surrounding the market. When selling, as well as buying, detailed strategies are very easy to follow and are only applicable for selling stocks in your porfolio, not for shorting $SNAP stock

As a rule of thumb, you should never hold an operation that results in losses greater than those expected upon the buy. When to sell your stock must always be ruled by the stop-loss (automatic or manual)

Is it time to sell Snap stock?

Currently, Snap stock doesn't match any of our preferred sell setups, so if you own Snap stock and your operation is in profit probably is not time to sell now

Snap ratings

We don't have any rating published in the last month for Snap

Snap stock analysis

SMAs overview

SNAP stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $65.13 (2.41% above)
  • R2: $65.66 (3.24% above)
  • R3: $65.86 (3.55% above)
  • The current support levels are:

  • S1: $57.39 (-9.76% below)
  • S2: $54.71 (-13.98% below)
  • S3: $51.32 (-19.31% below)
  • Bollinger bands

    The price is trading near to the upper Bollinger band, signaling some level of overbought in recent sessions. This is not a sell point, as price can move in these levels for many days and weeks

    SNAP stock Bollinger Bands chart

    Relative strength index

    The has been between the overbought and oversold zones for some weeks, and therefore, without this indicator really serving to help us make any decisions.

    SNAP stock RSI chart

    Snap stock price history

    Snap started trading on Mar 2nd, 2017 priced at $24.00 per share1. Since then, SNAP stock has risen by 165.00%, with an average of 41.25% per year. If you had invested $1,000USD in Snap stock at that time, it would worth $2,650.00 today.

    1: Adjusted price after possible price splits or reverse-splits

    SNAP stock price history chart

    Price target for Snap stock

    How much a stock will be priced tomorrow or next week is quite unpredictable. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.

    The following table shows the price forecasts released by brokerage institutions for the last 30 days. If you are a small investor you don't have to trade based on these projections.

    In the last 30 days we couldn't find any price target posted for Snap stock.

    Earnings and financials

    Snap ($SNAP) had the quarterly financial event and posted the report last April.

    For comparison, the EPS for the same quarter last year was $-0.08, so reported EPS is 100.00%. Looking at revenues, figures exploded a 66.40% compared to $4.6B same quarter a year ago.

    Snap ($SNAP) is releasing earnings report mid next July. Market analysts analysts predict of $-0.01, that is a 0.00% more than Q1.

    Snap performance

    SNAP performance compared
    Company1m3m6m
    Snap ($SNAP) 11.20% 9.50% 18.70%

    Important note:
    The opinions given in this post are personal and should not be followed as recommendations for you to buy or sell stocks. The author of this document does not have any knowledge of the particular situations of the reader, his or her finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Viewpoints are provided for educative purposes only

    Snap summary

    Monday, June 21st, 2021
    Open$63.06
    Close$63.6
    Day range$61.11 - $64.12
    Previous close$63.17
    Session gain0.68%
    Average true range$3.02
    50d mov avg$59.16
    100d mov avg$59.31
    200d mov avg$49.64
    Earnings dateJuly 20th, 2021

    Frequently asked questions

    What is Snap stock symbol?

    Snap Inc. is a public company trading in the US stock market with the SNAP symbol

    Is Snap stock a buy or sell?

    Snap had no ratings in the last 30 days Read the article to get additional tips on trading SNAP stock.

    Will SNAP go up?

    There were no price targets published by market analysts in the last 4 weeks for Snap.