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Snowflake Inc. Stock Forecast NYSE:SNOW

$267.56 (-4.19%)

Volume: 4M

Closed: Jan 21, 2022

Hollow Logo Score: -6.429

Snowflake Inc. Stock Forecast

$267.56 (-4.19%)

Volume: 4M

Closed: Jan 21, 2022

Score Hollow Logo -6.429
Which way will SNOW go? Request
Key Stats
P/E Ratio -147.32
Beta 1.83
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 80 ] RSI14 is 12 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Snowflake Inc. stock downgraded to Strong Sell Candidate
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-21 PDF

The Snowflake Inc. stock price fell by -4.19% on the last day (Friday, 21st Jan 2022) from $279.27 to $267.56. and has now fallen 7 days in a row. During the day the stock fluctuated 6.89% from a day low at $264.70 to a day high of $282.95. The price has fallen in 7 of the last 10 days and is down by -9.94% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately $1.19 billion.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($268.92) are considered to be a "second chance" to get out. According to the fan-theory $190.05 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Snowflake Inc. stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $286.51 and $328.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, December 10, 2021, and so far it has fallen -27.93%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $18.25 between high and low, or 6.89%. For the last week, the stock has had a daily average volatility of 5.91%.

Snowflake Inc. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Snowflake Inc. stock A Buy?

Snowflake Inc. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -6.429

Strong Sell Candidate Downgraded

Insiders are negative selling more shares than they are buying in Snowflake Inc.

In the last 100 trades there were 2.03 million shares bought and 3.95 million shares sold. The last trade was done 4 days ago by Garrett Mark who sold 271 shares. In general the insiders are selling more stocks than they buy. There can be a variety of reasons for this, but in general it can be considered as a negative signal.

Predicted Opening Price for Snowflake Inc. of Monday, January 24, 2022

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price January 24, 2022 Current price
$271.74 $267.56 (Undervalued)

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Analyst Ratings

On Jan 18, 2022 "William Blair" gave "" rating for SNOW. The price target was changed from $286.02 to 1.2%.

Volatility and Risk
Daily Average Volatility: 5.91 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.91 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $311.00
Price: $267.56
No Support Found

SNOW Insider Trading Show all Trades

INSIDER POWER

-31.807

Last 100 transactions
Buy: 2 030 413 | Sell: 3 948 228 (Shares)
Date Action Amount Person Type
Jan 18, 2022 Sell 271 Garrett Mark Class A Common Stock
Dec 20, 2021 Sell 3 000 Briggs Teresa Class A Common Stock
Dec 15, 2021 Sell 9 562 Garrett Mark Stock Option (Right to Buy)
Dec 15, 2021 Sell 9 562 Garrett Mark Class A Common Stock
Dec 15, 2021 Buy 9 562 Garrett Mark Class A Common Stock
Show all Insider Trades
INSIDER POWER

-31.807

Last 100 transactions
Buy: 2 030 413 | Sell: 3 948 228 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 289.99 8.38 %
283.02 5.78 %
278.71 4.17 %
Current price: 267.56
Support 264.77 -1.04 %
260.46 -2.65 %
253.49 -5.26 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 324.98 21.46 %
315.53 17.93 %
311.00 16.24 %
Current price 267.56
Support 0 .
0 .
0 .

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