SnowWorld (SNOW.AS) Stock Technical Analysis
Europe - Euronext Amsterdam - AMS:SNOW - NL0010627865 - Common Stock
We assign a technical rating of 2 out of 10 to SNOW. SNOW has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
SNOW has a poor technical rating and the quality of the setup is also not perfect 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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9.90
We found 2 important support areas.
- A support zone ranging from 10.31 to 10.41. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 10.00 to 10.10. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.51 to 10.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 11.00 to 11.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for SNOW.AS is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNOW.AS is neutral. |
| ChartMill Relative Strength | 73.02 | POSITIVE | SNOW.AS has a high relative strength, it outperformed 73.02% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNOW.AS is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNOW.AS is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNOW.AS is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.12 | NEUTRAL | The RSI value for SNOW.AS is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SNOW.AS has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 62.5 | NEUTRAL | The Stochastics value for SNOW.AS is a neutral value. |
| Average True Range in percent/ATR (20) | 1.95 | LOW VOLATILITY | The low ATR as a percentage value for SNOW.AS suggests low volalility. |
| Average Directional Index/ADX (14) | 29.93 | POSITIVE | The high ADX value value for SNOW.AS suggests a strong trend. |
AMS:SNOW (8/31/2023, 7:00:00 PM)
10.5
0 (0%)
SnowWorld / SNOW.AS FAQ
What is the ChartMill technical rating of SnowWorld (SNOW.AS) stock?
ChartMill assigns a technical rating of 2 / 10 to SNOW.AS.
What is the trend direction for SNOW stock?
The current trend direction for SnowWorld (SNOW.AS) is Bearish.
What is the RSI signal for SNOW stock?
SnowWorld (SNOW.AS) has an RSI value of 47.1168. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SnowWorld?
The MACD indicator for SnowWorld (SNOW.AS) has a value of -0.00338317, indicating a bearish trend.
Can you provide the support and resistance levels for SnowWorld?
SnowWorld (SNOW.AS) has a support level at 10.41 and a resistance level at 10.51. Check the full technical report for our detailed analysis of SNOW.AS support and resistance levels.