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Snap Inc (SNAP) “On a long-term technical basis, the stock (SNAP) is trading above its 200-day moving average which implies it is in a positive trend.
The stock has support at 15.90 and 15.03. If the stock breaks down through support at 15.90 then it will probably continue lower to 15.03. The stock has resistance at 16.11 and at 17.86. If the stock breaks up through resistance at 16.11 then it will probably continue higher to 17.86. The 200-day moving average is at 15.20. This will also act as support. The stock has broken out of its long-term downtrend and is looking more positive recently. If the stock can form new support above 15.90 look for a rally to previous highs. The stock is extremely overbought according to the Stochastic Indicator (77.11).”
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