Snapchat stock forecast: down to 11.03 USD SNAP stock price prognosis

STOCK

Forecast for Tue 18 Jun 2024 price 10.90

Snapchat stock price forecast for further price development down to -2.08% (time horizon: 1 day) and price target of 11.03 USD. Short-term (time horizon: 2 weeks) Snapchat share price prediction for 2024-06-18 with daily closed price projections

Key Facts

Symbol SNAP 

ISIN US83304A1060 

CUSIP 83304A106

Currency USD

Category Services-Computer Programming, Data Processing, Etc.

Forecast price change %

Relative Strength Index (RSI)

Finance numbers

Revenue 2,813,732,000.0

Earnings per share -0.63

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On our site we made daily predictions for finance products based on statistical analysis. You can export / download forecasted data as CSV file, no login required. The information can be used for day trading.

Summerized Form 10-K with GPT-2

Overview Snap Inc. is a camera company. Camera: The Camera is the starting point for creation in Snapchat. These ads appear within Snapchat's curated content. This is where you'll also find our Transparency Report. 8 Seasonality in Our Business We have historically seen seasonality in our business. The FCC order repealing the open internet rules went into effect in June 2018. In addition, advertisers may view some of our products as experimental and unproven. We started transitioning our advertising sales to a self-serve platform in 2017. Any financial or other difficulties these providers face may seriously harm our business. We believe our culture fosters this goal. Any of these events could seriously harm our business. We have developed a brand that we believe has contributed to our success. As a result, we may have to replace these products at our sole cost and expense. Class A common stockholders have no voting rights, unless required by Delaware law. As a result, our Class A common stock is likely not eligible for these stock indexes. This may limit the information available to holders of our Class A common stock.

Summerized Form 10-K with GPT-2 https://www.sec.gov/Archives/edgar/data/1564408/000156459021004377/0001564590-21-004377.txt
Candlestick patterns

Candlestick patterns can be used as additional information for price prediction. Following list show which pattern applies on latest price information.

  • Meta analyst score 34.72/100
    • Good financial position.
    • Historical view, profit is growing.
    • Company revenue is not growing faster compared with the industry.
    • Stock price is under book price value.

Institutional ownership list is based on filling form information

Holding name Date Amount
A - Baystate Wealth Management LLC 2023-06-30 275
A - BARCLAYS PLC 2023-06-30 1982432
A - Artemis Wealth Advisors, LLC 2021-09-30 75000
A - Artemis Wealth Advisors, LLC 2021-06-30 75000
A - Artemis Wealth Advisors, LLC 2021-03-31 75000

Fund ownership list is based on filling form information

Fund name Date Amount Profile
Pacer Funds Trust 2023-07-31 8124 Long
Growth Fund of America 2023-11-30 29899824 Long
GOLDMAN SACHS TRUST 2023-11-30 5944 Long
iShares Trust 2023-11-30 57252 Long
iShares Trust 2023-11-30 30257 Long

Insider trading for Snapchat

CIK Name Date Action T-Test 1day T-Test 7day T-Test 14day T-Test 30day
1713777 O'sullivan Michael J. 2024-03-28 SALE Accept Accept Accept Accept
1777086 Andersen Derek 2024-03-18 SALE Accept Accept Accept Accept
1699322 Murphy Robert C. 2023-10-26 SALE Accept Accept Accept Accept
1699293 Spiegel Evan 2024-02-08 SALE Accept Accept Accept Accept
1727499 Hunter Jerry James 2023-09-19 SALE Accept Accept Accept Accept
1747989 Thorpe Poppy 2023-08-17 SALE Accept Accept Accept Accept
1979706 Young Eric 2024-02-16 SALE Accept Accept Accept Accept
Assets / Liabilities

Bollinger Bollinger Bands for Snapchat can provide the information where the market is moving based on price information.

Snapchat Short Volume Ratio is shown in the diagram. Short volume sales can be seen as an investor sentiment.

Converting prices to returns Snapchat.

On-Balance Volume information for Snapchat. On-Balance Volume information can be an indicator for bullish or bearish outcome.

Accumulation / Distribution (A/D) indicator information for Snapchat. The indicator identify divergences between price and volume flow.

Aroon Oscillator information for Snapchat. The trend-following indicator can show the strengh of a current trend and likelihood that trend can continue.

Average Directional Index (ADX) information for Snapchat. The index can be used to identify the strengh of a trend.

Moving Average Convergence Divergence (MACD) for Snapchat. The indicator helps to predict trend direction and the momentum of the trend.

Stochastic Oscillator as momentum indicator for Snapchat. The indicator is useful for identifying overbought and oversold levels.

Relative Strength Index (RSI) for Snapchat. RSI is a momentum oscillator that measures the speed and change of price development. The momentum indicator was created by analyst Welles Wilder. The result compares recent gains and losses over restricted time period. Primary usage of the indicator is to identify overbought or oversold signals. When RSI indicator reaches a value of 70 it could mean that speculators should consider selling, suggests Wilder and Chong. Or vice versa when selling excess at which the RSI Indicators show a value of 30 [ Relative Strength Index for Developing Effective Trading Strategies in Constructing Optimal Portfolio ].

Heikin Ashi trading signals are generated based on the Heikin Ashi candles, which are a type of candlestick that smooths out the price action and can help to identify trends. Heikin Ashi signals can be used to identify both long and short trading opportunities.

The awesome oscillator is a momentum indicator that measures the speed and strength of price movements. It is calculated by subtracting a 34-period simple moving average (SMA) from a 5-period SMA.

The Parabolic SAR indicator is a trend-following indicator that uses a series of dots to indicate when a trend is likely to reverse. The Parabolic SAR is a lagging indicator, meaning that it does not predict reversals, but rather confirms them after they have already occurred.

Moving Average Crossover

52W High 52W Low Market Cap

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Snapchat on Nasdaq

Snapchat on finviz

Figure below show the stock predictions.
Date Closing price Prediction was updated
2024-05-20 11.03 2024-04-23 06:37
2024-05-21 11.02 2024-04-23 06:37
2024-05-22 11.00 2024-04-23 06:37
2024-05-24 10.99 2024-04-23 06:37
2024-05-23 11.01 2024-04-23 06:37
2024-05-27 10.98 2024-04-23 06:37
2024-05-28 10.99 2024-04-23 06:37
2024-06-07 10.94 2024-04-23 06:37
2024-06-10 10.93 2024-04-23 06:37
2024-06-11 10.92 2024-04-23 06:37
2024-05-30 10.96 2024-04-23 06:37
2024-05-31 10.96 2024-04-23 06:37
2024-06-06 10.94 2024-04-23 06:37
2024-06-05 10.94 2024-04-23 06:37
2024-05-29 10.97 2024-04-23 06:37
2024-06-03 10.97 2024-04-23 06:37
2024-06-04 10.96 2024-04-23 06:37
2024-06-13 10.91 2024-04-23 06:37
2024-06-12 10.92 2024-04-23 06:37
2024-06-14 10.91 2024-04-23 06:37
2024-06-17 10.90 2024-04-23 06:37
2024-06-18 10.90 2024-04-23 06:37
2024-05-13 10.97 2024-04-23 06:37
2024-05-14 11.06 2024-04-23 06:37
2024-04-24 11.23 2024-04-23 06:37
2024-05-01 11.06 2024-04-23 06:37
2024-05-02 11.08 2024-04-23 06:37
2024-05-03 11.09 2024-04-23 06:37
2024-05-06 10.98 2024-04-23 06:37
2024-05-07 11.05 2024-04-23 06:37
2024-05-08 11.10 2024-04-23 06:37
2024-05-15 11.06 2024-04-23 06:37
2024-05-16 11.02 2024-04-23 06:37
2024-04-26 11.17 2024-04-23 06:37
2024-05-17 11.02 2024-04-23 06:37
2024-04-25 11.21 2024-04-23 06:37
2024-04-29 11.13 2024-04-23 06:37
2024-04-30 11.14 2024-04-23 06:37
2024-05-09 11.10 2024-04-23 06:37
2024-05-10 11.01 2024-04-23 06:37

The forecast (dashed curve) of the share price performance is based on historical data. Our forecast model is based on mathematical, statistical methods. The website offers price forecasts and analysis tools for equities and other securities, which are exclusively based on the prices of these securities in the past. Information about these prices is provided to us by third parties. Although we believe, If we believe that our sources are reliable, we cannot guarantee the accuracy, completeness, timeliness and correct sequencing of this information. We do not investigate the issuers of the securities to which our forecasts relate, nor do we consider any financial data or other data of such issuers with the exception of the past prices of the securities. Therefore, our forecasts do not constitute an analysis of other commercial or financial factors or circumstances, that may be relevant for future security price flows. Investments require additional considerations. Our forecasts cannot reflect the specific situation. Experience and risk profile of an individual investor or the tax implications an investment may have for the investor. Although we believe that our mathematical models are a tool to try to explore the possibility for future price development with the help of past performance, such developments are subject to a multitude of different influences. and therefore not really predictable. We cannot guarantee the success of any investment you make based on the information published here. This website is for information purposes only. All information and data on this website cannot be guaranteed to be accurate, accuracy, completeness and appropriateness - neither explicit nor implicit.