5Q5 Technical Analysis - SNOWFLAKE INC

Technical Rating and Analysis

Taking everything into account, 5Q5 scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, 5Q5 is showing a nice and steady performance.

Warning: 5Q5 has an average volume of 642 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that 5Q5 is one of the better performing stocks in the market, outperforming 94% of all stocks. On top of that, 5Q5 also shows a nice and consistent pattern of rising prices.

5Q5 is part of the IT Services industry. There are 74 other stocks in this industry. 5Q5 outperforms 95% of them.

A new 52 week high is currently being made by 5Q5, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.

In the last month 5Q5 has a been trading in the 181.48 - 219.50 range, which is quite wide. It is currently trading near the high of this range.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

Although 5Q5 has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

137.92

212.05

3 important support areas can be observed.

A support zone ranging from 196.50 to 196.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 181.65 to 182.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
Support @139.31 from a trend line in the weekly time frame.

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What is Support and Resistance

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Technical Indicator Signal Analysis

The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	UP	POSITIVE	The long term trend for 5Q5.DE is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for 5Q5.DE is up.
ChartMill Relative Strength	94.14	POSITIVE	5Q5.DE has a high relative strength, it outperformed 94.14% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of 5Q5.DE is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of 5Q5.DE is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of 5Q5.DE is above the rising SMA(200).
Relative Strength Index/RSI (14)	61.16	NEUTRAL	The RSI value for 5Q5.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	1.67	POSITIVE	The MACD value suggests 5Q5.DE has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.11	OVERBOUGHT	The high Stochastics value suggests 5Q5.DE may be overbought.
Average True Range in percent/ATR (20)	2.88	MEDIUM VOLATILITY	The ATR as a percentage value for 5Q5.DE suggests some volalility.
Average Directional Index/ADX (14)	21.93	NEUTRAL	The ADX value for 5Q5.DE suggests a possible start of a new trend.