Snap: the sell signal enters its fourth week
Snap falls 3.2% as the sell signal bites again after the bounce
Snap: the sell signal enters its fourth week
Our view last week
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.
This week's summary
Snap's sell signal has reached its fourth week, past the three-week observation window: the short sits at a modest +2.8%. After a 9.8% surge two weeks ago the stock has given back ground for two weeks running, down 3.2% in the latest one, and money flow has turned negative again. On the daily chart it's attempting a bounce with four higher lows toward the 4.6 area, but the latest weekly bar shows sellers firmly in charge and a distribution phase: the attempt already looks strained.
IQS Phase
80
in tension / maturity
Signal Strength
19
decline starting to make lower lows
Sizing
MINIMUM
Ranking
#101 / 140
US stocks
Trade P&L %
+2.79%
from signal to today
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