SNOWFLAKE INC (SNOW) Stock Technical Analysis
USA - NYSE:SNOW - US8334451098 - Common Stock
217.96 USD
+2.01 (+0.93%)
219 USD
+1.04 (+0.48%)
Taking everything into account, SNOW scores 9 out of 10 in our technical rating. 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.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SNOW did better than 91% of all other stocks. On top of that, SNOW also shows a nice and consistent pattern of rising prices.
SNOW is one of the better performing stocks in the IT Services industry, it outperforms 83% of 86 stocks in the same industry.
SNOW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNOW is lagging the market slightly.
SNOW has an average volume of 5446770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SNOW has a been trading in the 189.99 - 249.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SNOW has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 212.27, a Stop Loss order could be placed below this zone.
More info and screens
146.63
243.42
We found 5 important support areas.
- A support zone ranging from 211.88 to 212.27. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @205.99 from a trend line in the daily time frame.
- Support @198.03 from a trend line in the daily time frame.
- A support zone ranging from 191.72 to 191.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @148.11 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- Resistance @233.28 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 238.67 to 241.01. 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 | 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 | 91.2 | POSITIVE | SNOW has a high relative strength, it outperformed 91.2% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNOW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SNOW is above a declining 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) | 51.04 | NEUTRAL | The RSI value for SNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests SNOW has a negative trend. |
| Stochastics (14,3) | 34.55 | NEUTRAL | The Stochastics value for SNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 4.14 | MEDIUM VOLATILITY | The ATR as a percentage value for SNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.21 | POSITIVE | The high ADX value value for SNOW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 233.29 | 214.29 | 19.00 (8.14%) | 12.28% |
| An entry @233.29. This is a Buy Stop order right above the resistance zone. | An exit @214.29. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 19.00 points, which is 8.14%. | When investing 12.28% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
217.96
+2.01 (+0.93%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.93%
1 Week-3.49%
2 Weeks-4.96%
1 Month13.15%
3 Month2.82%
6 Month37.61%
12 Month97.66%
2 Year42.67%
3 Year28.24%
5 Year-13.16%
10 YearN/A
15 YearN/A
Volatility
ATR(14)10.39
ATR(20)%4.14%
ATR Inc-28.38%
Range Today4.71
ADR(20)7.32
ADR(20)%3.36%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.2
Mansfield1.31
10 Day High232.21
10 Day Low214.3
20 Day High249.99
20 Day Low189.99
52 Week High249.99
52 Week Low108.71
CS1 End212.27
CR1 Start233.28
Volume & EV
DER(3)0.74%
DER(5)0.85%
Volume4.36M
Volume Incr-42.8%
Vol(5)4.41M
Vol(50)5.45M