Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.
SnapChat's stock attempted to gather momentum to help it rise anew, amid the dominance of the upward correctional wave in the short term, while buoyed by piercing the main downward trend line in the medium term, with positive support from the 50-day SMA, coupled with positive signals from the RSI.
Therefore we expect the stock to return higher, as long as it settles above 10.50, targeting the resistance of 12.23.
Expected trend for today: Bullish