SNOWFLAKE INC (SNOW) Stock Technical Analysis
USA - NYSE:SNOW - US8334451098 - Common Stock
Taking everything into account, SNOW scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNOW is showing a nice and steady performance.
Although SNOW has an excellent technical rating, it does not present a decent entry opportunity 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
151.70
When analyzing the support we can see 5 important areas.
- A support zone ranging from 262.85 to 262.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 256.14 to 256.96. 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 235.93 to 240.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @230.69 from a trend line in the daily time frame.
- Support @153.23 from a trend line in the weekly 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 | UP | POSITIVE | The long term trend for SNOW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNOW is up. |
| ChartMill Relative Strength | 95.57 | POSITIVE | SNOW has a high relative strength, it outperformed 95.57% 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) | 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) | 58.55 | NEUTRAL | The RSI value for SNOW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests SNOW has a negative trend. |
| Stochastics (14,3) | 61.62 | NEUTRAL | The Stochastics value for SNOW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SNOW suggests some volalility. |
| Average Directional Index/ADX (14) | 29.78 | POSITIVE | The high ADX value value for SNOW suggests a strong trend. |
262.86
-1.86 (-0.7%)
SNOWFLAKE INC / SNOW FAQ
What is the ChartMill technical rating of SNOWFLAKE INC (SNOW) stock?
ChartMill assigns a technical rating of 10 / 10 to SNOW.
What is the current trend direction of SNOWFLAKE INC (SNOW) stock?
The current trend direction for SNOWFLAKE INC (SNOW) is Bullish.
What is the RSI signal for SNOW stock?
SNOWFLAKE INC (SNOW) has an RSI value of 58.5488. This indicates that the stock is currently neutral.
What is the MACD signal for SNOWFLAKE INC (SNOW) stock?
The MACD indicator for SNOWFLAKE INC (SNOW) has a value of -0.637108, indicating a bearish trend.
What is the short term momentum for SNOWFLAKE INC (SNOW) stock?
The short term momentum for SNOWFLAKE INC (SNOW) is positive.