Snapchat (SNAP) is currently exhibiting a bearish trend, with several negative signals from moving averages and a negative PE ratio. The stock has experienced significant declines in recent trading periods and is trading below key support levels. While some analysts have rated it as a 'sell candidate', the stock's recent drop to a 52-week low and continued downward momentum suggest further weakness may be likely. Investors should monitor key resistance levels and consider the potential for a rebound if these levels are broken, but the overall outlook remains cautious.