SNOWFLAKE INC (SNOW) Technical Analysis
NYSE:SNOW • US8334451098
Current stock price
SNOW Technical Rating and Analysis
Overall SNOW gets a technical rating of 1 out of 10. SNOW's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, SNOW is a bad performer in the overall market: 65% of all stocks are doing better.
- SNOW is one of the better performing stocks in the IT Services industry, it outperforms 75% of 87 stocks in the same industry.
- In the last month SNOW has a been trading in the 154.63 - 185.62 range, which is quite wide. It is currently trading near the high of this range.
- SNOW has an average volume of 6264290 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- SNOW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SNOW is lagging the market slightly.
SNOW Weekly and Daily overview Charts
SNOW Setup Rating and Analysis
SNOW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 180.49. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 177.71, a Stop Loss order could be placed below this zone.
More info and screens
SNOW Support and Resistance Analysis
155.13
3 important support areas can be observed.
- A support zone ranging from 173.62 to 177.71. 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 166.41 to 168.40. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 156.70 to 156.71. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 180.49 to 182.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @215.97 from a horizontal line in the daily time frame.
SNOW 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 | DOWN | NEGATIVE | The long term trend for SNOW is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNOW is neutral. |
| ChartMill Relative Strength | 35.44 | NEUTRAL | SNOW is not amongst the best or worst performers 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 | 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) | 49.6 | NEUTRAL | The RSI value for SNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.4 | POSITIVE | The MACD value suggests SNOW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.23 | NEUTRAL | The Stochastics value for SNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 5.52 | HIGH VOLATILITY | The high ATR as a percentage value for SNOW suggests high volalility. |
| Average Directional Index/ADX (14) | 15.22 | NEGATIVE | The low ADX value for SNOW suggests a weak or negative trend. |
SNOW Chart- and CandleStick Pattern Analysis
SNOW Technicals: Chart, Performance Metrics, Trend & Indicators
178.66
+1.41 (+0.8%)
SNOWFLAKE INC / SNOW TA FAQ
What is the ChartMill technical rating of SNOWFLAKE INC (SNOW) stock?
ChartMill assigns a technical rating of 1 / 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 49.6048. 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 2.40131, indicating a bullish trend.
Can you provide the support and resistance levels for SNOWFLAKE INC?
SNOWFLAKE INC (SNOW) has a support level at 177.71 and a resistance level at 180.49. Check the full technical report for our detailed analysis of SNOW support and resistance levels.