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Snap Inc (1SNAP)

Symbol	Exchange	Currency
SNAP	NYSE	USD	Real-time
1SNAP	Milan	EUR	Real-time
1SI	TradeGate	EUR	Delayed
1SI	Xetra	EUR	Delayed
1SI	Frankfurt	EUR	Delayed
SNAPm	Buenos Aires	ARS	Delayed
SNAP	Vienna	EUR	Real-time

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7.65 -0.06 -0.78%

16/05 - Closed. Currency in EUR

Type: Equity

Market: Italy

ISIN: US83304A1060

Volume: 0
Bid/Ask: 0.00 / 0.00
Day's Range: 7.65 - 7.65

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Simon Chang May 16, 2025 2:27PM ET

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Approaching $8.75. Not sure if setting up for mini break out above $9 again or preparing to slap down below $8.5 next week. Really hard to tell; proceed with caution.

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Simon Chang May 16, 2025 10:28AM ET

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Sotck price appears to want to flatline around $8.5 for balance of day. Another analyst today takes a whack at the dead horse to make sure it has no vital signs.

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Simon Chang May 16, 2025 10:19AM ET

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The volumes here are disproportionally light. Good sign for long in my opinion. Hold, do not sell. Or continue to nibble and buy more if SNAP dips under $8.5.

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Simon Chang May 16, 2025 12:19AM ET

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Support is around $8.26. Resistance is around $9.72. Would guess SNAP sluggishly moves between these bookends next 2-3 weeks if no impactful news.

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Simon Chang May 15, 2025 1:05PM ET

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$8.69 now. At very upper area of $7.25 - $8.75 buy range. Wouldn’t go any deeper into long position but certainly hold, don’t sell. Wait for dip at around or below $8. Be prepared for your patience to be tested further. Believe bit upward move most likely 4Q2025 as SNAP management fails to impress, TikTok future remains in limbo, and emphasis is to steer investment dollars toward META by holding SNAP in pergatory. Note that any move below $7 (especially around $5.6) will likely be shortlived and is ultimate capitulation zone and is a strong buy in my opinion, unless SNAP’s current business fundamentals, which aren’t bad, suddenly takes a nosedive.

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Simon Chang May 15, 2025 10:47AM ET

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Adjusting recommended buy zone to $7.25 - $8.75. Buy more at lower end of range whenever possible. Good luck

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Simon Chang May 15, 2025 10:24AM ET

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If you haven’t vompleted buying you long position in SNAP, buying a little more now can help lower prices as algo works against you and further lowers price toward $7-8.5 recommended buyung zone. Buy only buy 5-10% of your desired long position and be prepared that price movement will be very choppy and frustrating to watch. Note that big C-suite insiders have and continue to sell at this prices. They aren’t particularly bullish on SNAP’s immediately prospects sadly. Good luck.

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Simon Chang May 14, 2025 10:29AM ET

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Appears to be another mind numbing slow drawdown to $8.50-8.75. Expect more of this for several weeks leading up to next TikTok ban reprieve extension date that is in June 2025.

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Simon Chang May 14, 2025 10:03AM ET

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Hold, don’t sell. But only buy under $8.5.

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Simon Chang May 12, 2025 2:40PM ET

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As much as I’d like to see SNAP move higher, appears the big players still in charge holding it down. Might be another prop up on stilts to sell call options and then smack back down eat them up. Climb may bot be sustainable without positive news; particularly clarity on TikTok ban. Use caution when buying and avoid margin/leverage.

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