Sell signal losing steam, earnings this week
Snap slips 3.3% as its sell signal stays out of steam with earnings just ahead
Sell signal losing steam, earnings this week
Our view last week
Snap is in week 3 of a sell signal, and the week just closed gained 9.8%: a bounce that doesn't change the picture, since signal strength has dropped to 6 out of 100, describing a decline that has lost its momentum. The setup quality indicator holds at 61 out of 100, in the ordinary range, and Snap ranks 96th among the 137 US sell signals. Earnings are due in about two weeks, on July 16.
This week's summary
Snap shares close the week down 3.3%, giving back most of last week's bounce. The technical picture stays tense: on the daily chart price is tracing three higher lows toward the 4.5 area, but volume is contracting and money flow stays negative — a push that doesn't convince. The sell signal never got confirmed over its three observation weeks, and strength drops to 3 out of 100: a decline with no fresh momentum. Earnings land this week, on July 16.
Sell signal in observation
·4th week from start
·US stocks
·T2
·📅 Earnings · Jul 16
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IQS Phase
71
in tension
Signal Strength
3
decline losing steam
Sizing
MINIMUM
Ranking
#93 / 137
US stocks sell signals
Trade P&L %
-0.43%
from signal to today
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