SNOWFLAKE INC (SNOW) Stock Technical Analysis
NYSE:SNOW • US8334451098
We assign a technical rating of 0 out of 10 to SNOW. SNOW scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 86% of all other stocks performed better in the past year than SNOW.
- SNOW is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month SNOW has a been trading in the 154.63 - 223.05 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- SNOW has an average volume of 5394230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNOW is an average performer in the IT Services industry, it outperforms 55% of 87 stocks in the same industry.
The technical rating of SNOW is bad and it also does not present a 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.
More info and screens
155.13
We found 1 important support area.
- Support @156.70 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 179.56 to 182.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @192.16 from a trend line in the daily time frame.
- Resistance @215.97 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The long term trend for SNOW is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNOW is down. |
| ChartMill Relative Strength | 14.9 | NEGATIVE | SNOW has a low relative strength, it was outperformed by 85.1% 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) | DOWN | NEGATIVE | The current price of SNOW is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SNOW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.99 | NEUTRAL | The RSI value for SNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests SNOW has a negative trend. |
| Stochastics (14,3) | 21.81 | NEUTRAL | The Stochastics value for SNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 7.36 | HIGH VOLATILITY | The high ATR as a percentage value for SNOW suggests high volalility. |
| Average Directional Index/ADX (14) | 28.8 | POSITIVE | The high ADX value value for SNOW suggests a strong trend. |
161.06
+3.46 (+2.2%)
SNOWFLAKE INC / SNOW FAQ
What is the ChartMill technical rating of SNOWFLAKE INC (SNOW) stock?
ChartMill assigns a technical rating of 0 / 10 to SNOW.
What is the trend direction for SNOW stock?
The current trend direction for SNOWFLAKE INC (SNOW) is Bearish.
What is the RSI signal for SNOW stock?
SNOWFLAKE INC (SNOW) has an RSI value of 34.9888. This indicates that the stock is currently neutral.
Can you provide the MACD signal for SNOWFLAKE INC?
The MACD indicator for SNOWFLAKE INC (SNOW) has a value of -0.270796, indicating a bearish trend.
Can you provide the support and resistance levels for SNOWFLAKE INC?
SNOWFLAKE INC (SNOW) has a support level at 156.7 and a resistance level at 179.56. Check the full technical report for our detailed analysis of SNOW support and resistance levels.