USA - New York Stock Exchange - NYSE:SNOW - US8334451098 - Common Stock
Overall SNOW gets a technical rating of 8 out of 10. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
Although SNOW has an excellent technical rating, the quality of the presented setup is not ideal 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.
153.88
3 important support areas can be observed.
When analyzing the resistance we notice one important area.
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 SNOW is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNOW is neutral. |
| ChartMill Relative Strength | 86.9 | POSITIVE | SNOW has a high relative strength, it outperformed 86.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNOW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNOW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNOW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.92 | NEUTRAL | The RSI value for SNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.14 | NEGATIVE | The MACD value suggests SNOW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.45 | NEUTRAL | The Stochastics value for SNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for SNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 24.85 | NEUTRAL | The ADX value for SNOW suggests a possible start of a new trend. |
251.24
+2.58 (+1.04%)
ChartMill assigns a technical rating of 8 / 10 to SNOW.
The current trend direction for SNOWFLAKE INC (SNOW) is Bullish.
SNOWFLAKE INC (SNOW) has an RSI value of 48.9226. This indicates that the stock is currently neutral.
The MACD indicator for SNOWFLAKE INC (SNOW) has a value of -2.14055, indicating a bearish trend.
The short term momentum for SNOWFLAKE INC (SNOW) is neutral.