To predict the stock price of SNAP for the next trading week, we analyze both technical indicators and recent news sentiment.
Price Trends: SNAP has shown volatility, with recent prices fluctuating between $8.47 and $9.33. The stock is currently near the lower end of its recent range, suggesting potential for a bounce.
RSI: The Relative Strength Index (RSI) for SNAP is approximately 45.12, indicating the stock is not in overbought or oversold territory, leaving room for upward movement.
MACD: The MACD line is slightly below the signal line, indicating bearish momentum, but the gap is narrowing, which could signal a potential reversal.
Support and Resistance: Key support levels are at $8.47 (Fibonacci S1) and $9.43 (Fibonacci R1). Resistance is at $10.20 (Fibonacci R3).
Recent Performance: SNAP reported strong Q4 results with a 14% year-over-year revenue increase and a 9% growth in daily active users (DAUs) to 453 million. The company also saw significant growth in its Snapchat+ subscription service, reaching 14 million subscribers and contributing to a 131% increase in "other revenue."
Diversification: SNAP is diversifying its revenue streams through subscriptions and investments in augmented reality (AR), which could enhance user engagement and profitability.
Market Sentiment: Despite strong financial results, SNAP's stock has faced pressure due to broader market conditions and investor caution. However, the recent pullback may present a buying opportunity.
Based on the technical setup and fundamental strength, SNAP is expected to see a slight rebound next week. The stock is likely to test the resistance level of $10.20, with a potential upside of 5-7%.
Predicted Price for Next Trading Week: $9.60
Recommendation: Buy SNAP with a target price of $10.20 and a stop-loss at $8.80.
The price of SNAP is predicted to go up 20.11%, based on the high correlation periods with EBMT. The similarity of these two price pattern on the periods is 97.41%.
SNAP
EBMT
Year
SNAP Price Forecast($)
Potential Return(%)
2025
15.000
20.290
2026
14.500
41.460
2027
18.000
75.610
2028
25.000
143.900
2029
35.000
241.460
2030
25.000
143.900
Wells Fargo
2025-03-31
Price Target
$11 → $9
Upside
+3.33%
Citizens Capital Markets
2025-03-28
Price Target
$16 → $14
Upside
+57.48%
Wells Fargo
2025-01-13
Price Target
$14 → $15
Upside
+23.46%