SNOWFLAKE INC-CLASS A (NYSE:SNOW) – A Strong Growth Candidate Meeting Minervini's Criteria

SNOWFLAKE INC-CLASS A (NYSE:SNOW) has been identified as a high-growth momentum stock that aligns with Mark Minervini’s Trend Template. The company’s cloud data platform and strong technical setup make it a compelling candidate for growth-focused investors.

Why SNOW Fits the Minervini Trend Template

The Trend Template requires stocks to meet specific technical conditions to confirm a strong uptrend. SNOW satisfies these criteria:

• Price Above Key Moving Averages:

  • Current price ($215.97) is above the 50-day ($191.32), 150-day ($174.62), and 200-day ($160.43) moving averages.
  • The 50-day MA is above both the 150-day and 200-day MAs, confirming bullish momentum.
  • The 200-day MA is trending upward, reinforcing long-term strength.

• Strong Relative Strength:

  • SNOW has a ChartMill Relative Strength (CRS) score of 93.5, meaning it outperforms 93.5% of all stocks.

• Price Near 52-Week High:

  • The stock is trading within 4.3% of its 52-week high ($225.68), indicating strong momentum.
  • It is also 102% above its 52-week low ($107.13), showing significant recovery potential.

Growth Fundamentals Supporting the Case

SNOW’s fundamentals align with high-growth investing principles:

• Revenue Growth:

  • Quarterly revenue growth (YoY): 25.7% (latest quarter).
  • Annual revenue growth (TTM): 27.5%.
  • The company has consistently beaten revenue estimates in the last four quarters.

• Earnings Momentum:

  • Latest quarterly EPS growth: 71.4% YoY.
  • While annual EPS growth has been volatile, recent improvements suggest accelerating profitability.

• Free Cash Flow Growth:

  • FCF per share (TTM): $2.21, up 21.3% YoY.

Technical Outlook

According to ChartMill’s technical report, SNOW has:

• A technical rating of 9/10, reflecting strong upward momentum.
• A setup rating of 7/10, indicating a consolidation phase that could present a buying opportunity.
• Key support at $208.17, with resistance near $222.62–$223.78.

For a deeper technical breakdown, see the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks meeting these criteria.

Disclaimer

This is not investment advice. Always conduct your own research before making investment decisions.