Snaps stock price (SNAP) edged higher in latest intraday trading, boosted by positive signals from the Stochastic after reaching oversold levels, but still suffering from negative pressure due to trading below the 50-day SMA, forcing the stock in a tight trading range, amid the dominance of the main downward trend.

Therefore we expect the stock to decline and target the pivotal support of $7.11, provided the resistance of $9.26 holds on.

Todays price forecast: Bearish