Our mission is to help you obtain financial freedom. Checkout Our Youtube Channel Checkout Our Youtube Channel
Blog

Cheers to the SNAP Gains, Volatility Ahead

Patience has paid off for those who bought the SNAP dip. There was a strong post-earnings rally and SNAP is now trading above $14 price levels. I have $17.53 and $23.61 as key long-term price targets to consider.

TrendSpider’s seasonality index suggests that $SNAP is likely to have some volatility over the next few months. Across 7 years of data, SNAP has been bullish 63% of the time in the month of April, 57% of the time in the month of May, 71% of the time in the month of July, and 29% of the time in July. On average, SNAP’s returns are +5.10% in April, -6.43% in May, +8.83% in June, and -4.89% in July. This volatility should be important to monitor for price fluctuations over the next few months with upside in April and June, downside in May and July.

ChartChamp socials: https://linktr.ee/realchartchamp

0 Comments
Inline Feedbacks
View all comments

More ClearValue Insights

Default Thumbnail

NVAX Key Resistance Levels

NVAX has been performing extremely well this month. The next key resistance levels to monitor are $16.39, $22.94, and $35.14. I think there will be some type of pullback next month for an opportunity to buy lower. NVAX is Seasonally Bullish in June with average returns of +11%. ChartChamp socials: https://linktr.ee/realchartchamp

Read More
Default Thumbnail

NVDA Could Help the Markets Rally Higher

Today is a huge day for NVDA, the stock market, and the global economy. The S&P and NASDAQ have been neutral and slightly bullish over the past few trading days. Traders and investors are patiently waiting to see how good or bad NVDA’s earning’s will be. Nvidia has introduced their new Blackwell GPUs, and I […]

Read More
Default Thumbnail

IWM Suggests Summer Rally for Small Caps

IWM Remains in the red resistance zone, and is attempting to form a bullish breakout above $210.44. I believe IWM is likely to breakout and rally in June. There is a media narrative of small caps going on a rally over the summer. The IWM chart suggests that this narrative seems to be true. However, […]

Read More