Snap trades in tight range - Analysis - 23-06-2022

2022-06-23 11:46:41 GMT (Economies.com)
 

Snap's stock climbed 1.79% in the last session, or 23 cents, settling at 13.08, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, as the RSI reached overbought levels. 

 

Therefore we expect the stock to return lower, targeting the support of 10.50, provided the resistance of 20.95 holds on.

 

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Expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.0427
-0.0154
1.4550%
1.2096
-0.0176
1.4311%
19.698
-1.669
7.811%
108.022
0.605
0.563%
111.50
2.47
2.27%
1799.775
-29.770
1.627%
 
 
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