The price of Snap Inc. (NYSE:SNAP) During the past 20 days, SNAP has increased 14.93% while the broad market has increased 2.67%. SNAP ‘s 20-day moving average currently sits below its 100-day moving average. This is a bearish signal that suggests the stock price might have farther to fall. SNAP’s average trading volume during the past 20 days is higher than the average volume over the past 100 days, which could be an indication that investors are feeling more certain than usual about the direction of SNAP’s future price movements.

Recent trading patterns in the stock of Snap Inc. (SNAP) have investors on high alert. The idea that stock performance can best be predicted by analyzing past trading data is a widely held view among financial professionals. In the case of SNAP, the data could have some interesting implications for future performance. In the most recent quarter, institutional ownership increased by a net of 31.03 million shares, or 13.65%.This is a bullish sign and indicates that institutions are feeling more optimistic about the outlook for SNAP overall.174 holders increased their positions, 88 decreased their positions, and 65 holders held their positions.

Among institutions that increased their positions, 69 were new positions. Among holders that decreased their positions, 46 sold out of the stock Snap Inc.. Insider ownership during the latest quarter decreased by a net of 1.21 million shares, indicating that SNAP’s key executives are feeling more bearish about the stock than they did three months ago. 12 or 35.29% of the trades during the past quarter were buys, and 22 or 64.71% were sells. This activity represents a continuation of a theme over the past twelve months. Insider ownership during the last year has decreased by a net of 51.91 million shares. 33.82% of insider trades in the last 12 months were buys, and 66.18% were sells.

Snap Inc. (NYSE:SNAP) has a 20-day RSI of 52.28%. According to this momentum indicator, a reading between 30 and 70 suggests the stock is not especially cheap or expensive, and not on the brink of a trend reversal. The MACD tells a different story. SNAP’s 9-day MACD currently sits below the 20-day MACD, indicating that the stock might be on the cusp of a downtrend. SNAP’s average trading volatility during the past few weeks is -11.3% lower than the average volatility over the past 100 days. This means that the stock’s daily price swings have been less extreme in recent times compared to the past.

Analysts expect Snap Inc. (SNAP) to generate earnings per share of $3.04 in 2017. This works out to a decrease of -100.30% compared to last year’s earnings. For comparison’s sake, analysts expect the S&P 500 to grow earnings by an average of 12% in 2017. The average investment rating for SNAP on a scale of 1 to 5 (1 being a strong sell and 5 being a strong buy) is a 2.79 or a Moderate Sell. Three months ago, analysts assigned SNAP a 3.19 rating, which implies that analysts have become more pessimistic about the outlook for the stock over the next year.