Actual performance may differ significantly from backtested performance. Further, backtesting allows the security selection methodology to be adjusted until past returns are maximized. Since trades have not actually been executed, results may have under- or over-compensated for the impact, if any, of certain market factors, such as lack of liquidity, and may not reflect the impact that certain economic or market factors may have had on the decision-making process. Specifically, backtested results do not reflect actual trading or the effect of material economic and market factors on the decision-making process. Backtested performance is developed with the benefit of hindsight and has inherent limitations. This information is provided for illustrative purposes only. No representations and warranties are made as to the reasonableness of the assumptions. Certain assumptions have been made for modeling purposes and are unlikely to be realized. Changes in these assumptions may have a material impact on the backtested returns presented. General assumptions include: XYZ firm would have been able to purchase the securities recommended by the model and the markets were sufficiently liquid to permit all trading. Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Systematic retrieval of data or other content from, whether to create or compile, post to other websites, directly or indirectly, as text, video or audio, a collection, compilation, database or directory, is prohibited absent our express prior written consent.Disclaimer: The TipRanks Smart Score performance is based on backtested results. Any other use, including for any commercial purposes, is strictly prohibited without our express prior written consent. You may use and the contents contained in solely for your own individual non-commercial and informational purposes only. Liable for your own investment decisions and agree to the Users should not base their investment decision upon. is a research service that provides financial data and technical analysis of publicly traded stocks.Īll users should speak with their financial advisor before buying or selling any securities. We, therefore, hold a negative evaluation of this stock. Snapchat holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. Our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance. Since the stock is closer to the support from accumulated volume at $9.96 (0.30%) takes out the full calculated possible swing range there will be an estimated 14.22% move between the lowest and the highest trading price during the day. Which gives a possible trading interval of +/-$0.71 (+/-7.11%) up or down from last closing price. to open at $10.33, and during the day (based on 14 day Average True Range), Trading Expectations For The Upcoming Trading Day Of Monday 17thįor the upcoming trading day on Monday, 17th we expect Snap Inc. We hold a negative evaluation for this stock. For the last week, the stock has had daily average volatility of 7.52%. During the last day, the stock moved $1.05 between high and low, or 10.53%. This stock has average movements during the day and with good trading volume, the risk is considered to be medium. Snapchat finds support from accumulated volume at $9.96 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Further rise is indicated until a new top pivot has been found. A buy signal was issued from a pivot bottom point on Friday, September 30, 2022, and so far it has risen 1.73%. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A break-up above any of these levels will issue buy signals. On corrections up, there will be some resistance from the lines at $10.54 and $10.93. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. The Snapchat stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. There are mixed signals in the stock today.
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