$SNAP Snap Inc Stock Robo Analyst October 28 2020 #SNAP
Snap Inc (SNAP) “On a long-term technical basis, the stock (SNAP) is trading above its 200-day moving average which generally implies it is in a positive trend.
The stock has support at 30.90 and 27.79. If the stock breaks down through support at 30.90 then it will probably continue lower to 27.79. The stock will meet resistance at 44.19 and 50.80. If the stock breaks up through resistance at 44.19 then it will probably continue higher to 50.80. The 200-day moving average is at 20.39. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (86.87), and turning down, which suggests a pause or possible pullback, especially if near resistance. Confirm this with the Short-Term and Daily Outlook to keep from exiting prematurely.”