Snap Inc. (SNAP) stock price rose in its latest intraday trading after rebounding from the support of its 50-day SMA, which provided the stock with positive momentum that helped it achieve these gains, amid the dominance of a short-term corrective upward wave, while a positive divergence begins to form on the Stochastic indicators after reaching deeply oversold levels in an exaggerated manner compared to the stocks movement, alongside the beginning of a positive crossover appearing on them, which strengthens the chances of further upside in the near term.

Therefore we expect the stock price to rise in its upcoming trading, as long as it holds above the $4.95 support level, targeting once again the $6.34 resistance level in preparation for attacking it.

Todays price forecast: Bullish