The NYSE: SNAP stock price trading just below the resistance trendline of descending parallel channel. On the daily price scale, RSI rises above the semi-line, suggesting breakout by the end of this week. Notably, On Thursday NYSE: SNAP price spiked 12.24% and closed at $10.73 mark. Now the 200 DMA is left to be hit by buyers with massive trading volume. Because, it sustains above 20 and 50 day moving average and 50 DMA flipped into immediate support. Perhaps Snap stock price will start trading above its bearish pattern at the end of this week. Now, asset price stays as breakeven point, above the current price region, SNAP stock price may propel until the previous swing high of $12.8. As a result, they recovered all losses in a matter of three weeks. This healthy news led the market and buyers successfully reversed the trend. But trading volume often decreases between high-low formations.Īs per the Q3 results, yearly revenue increased 5.71% along with $1.13 Billion. For the time being, the price is approaching a resistance trend to overcome selling pressure. Additionally, bears dominate the digital asset under falling parallel channels on each time frame, daily and weekly. This sharp climb was driven by a sharp rise in global indices as the Dow Jones gained +1201 points (up 3.7%), the S&P 500 5.54% as well as the Nasdaq up 7.35% in its November 10 letter.īetween pump and dump, the Snap stock price has been underperforming since its all-time high.

Later on this release, the NYSE:SNAP stock price opened a gap-down in the pre-market session, although the next day on October 21, buyers referred to the price and the daily price candle as the long-engulfed Doji candle.

However, the price of the digital asset fell by about 28% following its third quarter earnings report. US-based camera and social media company Snap Inc.

NYSE: Snap’s price rose 12.24% on Thursday and closed at $10.73.

In the November 10 letter, buyers successfully closed the daily price candle above the 50 DMA.

SNAP stock price is approaching a resistance trend to overcome selling pressure.

Snapchat stock price today