Snap Inc: possible technical correction of the asse

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7 March 2022 12 24 Snap In

Snap Inc.: possible technical correction of the asse

Current tren

Shares of Snap Inc. are declining from a monthly high, losing more than 21% in value. Strengthening of quotations of the trading instrument from the February 52-week low amounted to 36%, but over the past week it showed a decrease in value by 15.48%, while the S&P 500 index lost 1.28%

For the entire fiscal year of 2021, Snap Inc. posted revenue up 64% to 4.1 billion dollars, marking the first full year with positive operating cash flow of 293 million dollars and free cash flow of 223 million dollars

Snap Inc. is testing the possibility of displaying ads in videos of a small group of authors from the United States, and a wider deployment of the service is planned in the coming months. Advertising revenue will be sent to the content creator based on a formula that takes into account metrics such as posting frequency and audience engagement. The program will be available only to the most popular users of the network (Snap Stars) with a large number of subscribers who have been verified by specialists of the Snapchat social network and marked with a gold star

Support and resistanc

The company's shares continue to consolidate near multi-month lows, but there is no unidirectional trend. Local support and resistance levels are 32.00 and 42.00 respectively. Company's shares technical correction is possible in the near future. Indicators signa) the strength of “bears”: the price consolidated below MA (50) and MA (200); MACD began to decline. Still, positions may be opened from key levels

Comparing company's multiplier with its competitors in the industry, we can say that the issuer's shares are neutral

Support levels: 32.00, 27.85

Resistance levels: 42.00, 49.50, 55.00. . . e . . . d t c s 3:39 PM & Nib as

vs

7 March 2022 12 24 Snap Inc

Snap Inc.: possible technical correction of the asset

Current trend

Shares of Snap Inc. are declining from a monthly high, losing more than 21% in value. Strengthening of quotations of the trading instrument from the February 52-week low amounted to 36%, but over the past week it showed a decrease in value by 15.48%, while the S&P 500 index lost 1.28%.

For the entire fiscal year of 2021, Snap Inc. posted revenue up 64% to 4.1 billion dollars, marking the first full year with positive operating cash flow of 293 million dollars and free cash flow of 223 million dollars.

Snap Inc. is testing the possibility of displaying ads in videos of a small group of authors from the United States, and a wider deployment of the service is planned in the coming months. Advertising revenue will be sent to the content creator based on a formula that takes into account metrics such as posting frequency and audience engagement. The program will be available only to the most popular users of the network (Snap Stars) with a large number of subscribers who have been verified by specialists of the Snapchat social network and marked with a gold star.

Support and resistance

The company's shares continue to consolidate near multi-month lows, but there is no unidirectional trend. Local support and resistance levels are 32.00 and 42.00 respectively. Company's shares technical correction is possible in the near future. Indicators signa) the strength of “bears”: the price consolidated below MA (50) and MA (200); MACD began to decline. Still, positions may be opened from key levels.

Comparing company's multiplier with its competitors in the industry, we can say that the issuer's shares are neutral.

Support levels: 32.00, 27.85.

Resistance le3:39 PM & Nib as

vs

7 March 2022 12 24 Snap Inc

Snap Inc.: possible technical correction of the asset

Current trend

Shares of Snap Inc. are declining from a monthly high, losing more than 21% in value. Strengthening of quotations of the trading instrument from the February 52-week low amounted to 36%, but over the past week it showed a decrease in value by 15.48%, while the S&P 500 index lost 1.28%.

For the entire fiscal year of 2021, Snap Inc. posted revenue up 64% to 4.1 billion dollars, marking the first full year with positive operating cash flow of 293 million dollars and free cash flow of 223 million dollars.

Snap Inc. is testing the possibility of displaying ads in videos of a small group of authors from the United States, and a wider deployment of the service is planned in the coming months. Advertising revenue will be sent to the content creator based on a formula that takes into account metrics such as posting frequency and audience engagement. The program will be available only to the most popular users of the network (Snap Stars) with a large number of subscribers who have been verified by specialists of the Snapchat social network and marked with a gold star.

Support and resistance

The company's shares continue to consolidate near multi-month lows, but there is no unidirectional trend. Local support and resistance levels are 32.00 and 42.00 respectively. Company's shares technical correction is possible in the near future. Indicators signa) the strength of “bears”: the price consolidated below MA (50) and MA (200); MACD began to decline. Still, positions may be opened from key levels.

Comparing company's multiplier with its competitors in the industry, we can say that the issuer's shares are neutral.

Support levels: 32.00, 27.85.

Resistance l3:39 PM & Nib as

vs

7 March 2022 12 24 Snap Inc

Snap Inc.: possible technical correction of the asset

Current trend

Shares of Snap Inc. are declining from a monthly high, losing more than 21% in value. Strengthening of quotations of the trading instrument from the February 52-week low amounted to 36%, but over the past week it showed a decrease in value by 15.48%, while the S&P 500 index lost 1.28%.

For the entire fiscal year of 2021, Snap Inc. posted revenue up 64% to 4.1 billion dollars, marking the first full year with positive operating cash flow of 293 million dollars and free cash flow of 223 million dollars.

Snap Inc. is testing the possibility of displaying ads in videos of a small group of authors from the United States, and a wider deployment of the service is planned in the coming months. Advertising revenue will be sent to the content creator based on a formula that takes into account metrics such as posting frequency and audience engagement. The program will be available only to the most popular users of the network (Snap Stars) with a large number of subscribers who have been verified by specialists of the Snapchat social network and marked with a gold star.

Support and resistance

The company's shares continue to consolidate near multi-month lows, but there is no unidirectional trend. Local support and resistance levels are 32.00 and 42.00 respectively. Company's shares technical correction is possible in the near future. Indicators signa) the strength of “bears”: the price consolidated below MA (50) and MA (200); MACD began to decline. Still, positions may be opened from key levels.

Comparing company's multiplier with its competitors in the industry, we can say that the issuer's shares are neutral.

Support levels: 32.00, 27.85.

Resile else: 42.00, 49.50, 55evels: 42.00, 49.50, 55.vels: 42.00, 49.50, 55.0

. . . . e . . . d t c s 42.00, 49.50, 55.00.