Traders and investors analyze technical indicators when making market entry and exit decisions. Moving averages and the RSI (relative strength index) are among the most widely used technical indicators.
20-day moving averages
On April 4, 2017, Snap was trading 0.64% above its 20-day moving average. In comparison, Facebook (FB) was trading about 1.2% above its 20-day moving average, and PayPal (PYPL) was trading 0.65% below its 20-day moving average. Baidu (BIDU) was trading 1.9% above its 20-day moving average, and Twitter (TWTR) was trading 2.1% below its 20-day moving average.
Relative strength index
Snap currently has a 14-day RSI reading of 60. In comparison, Facebook has a 14-day RSI reading of 70. That leads traders to believe that the stocks are currently overbought. Baidu, Twitter, and PayPal have 14-day RSI readings of 55, 40, and 57, respectively.