RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SNOW
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Snowflake stock price ended at $160.04 on Wednesday, after gaining 1.28%.
(Updated on Mar 27, 2024)

Sell candidate since Feb 29, 2024 Loss -15.00% PDF

The Snowflake stock price gained 1.28% on the last trading day (Wednesday, 27th Mar 2024), rising from $158.02 to $160.04. During the last trading day the stock fluctuated 1.86% from a day low at $157.70 to a day high of $160.63. The price has fallen in 6 of the last 10 days and is down by -1.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 161 thousand more shares were traded than the day before. In total, 4 million shares were bought and sold for approximately $674.60 million.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $152.06 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.49% during the next 3 months and, with a 90% probability hold a price between $130.04 and $186.77 at the end of this 3-month period.

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SNOW Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 2.39%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Snowflake stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $191.73. On a fall, the stock will find some support from the short-term average at $159.19. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Snowflake stock

Snowflake finds support from accumulated volume at $158.39 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $2.93 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.91%.

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

Trading Expectations (SNOW) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Snowflake Inc. to open at $159.46, and during the day (based on 14 day Average True Range), to move between $153.28 and $166.80, which gives a possible trading interval of +/-$6.76 (+/-4.23%) up or down from last closing price. If Snowflake Inc. takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $158.39 (1.03%) than the resistance at $177.93 (11.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Snowflake Inc. stock A Buy?

Snowflake holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -2.481 Sell Candidate Unchanged

Predicted Opening Price for Snowflake Inc. of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$159.46 ( 0.365%) $160.04

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

Trading levels for SNOW

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 162.38 1.46 %
R2 161.27 0.766 %
R1 160.57 0.334 %
Current price: 160.04
Support S1 158.34 -1.06 %
S2 157.65 -1.50 %
S3 156.53 -2.19 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 188.28 17.65 %
R2 186.72 16.67 %
R1 177.93 11.18 %
Current price 160.04
Support S1 158.39 -1.03%
S2 157.70 -1.46%
S3 156.31 -2.33%

FAQ

What is the symbol for Snowflake Stock and on which exchange is it traded?
The symbol for Snowflake is SNOW and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Snowflake Stock?
Snowflake holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Snowflake Stock?
Snowflake Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Snowflake Stock.

What's the current price of Snowflake Stock?
As of the end of day on the 2024-03-27, the price of an Snowflake (SNOW) share was $160.04.

What is the 52-week high and low for Snowflake Stock?
The 52-week high for Snowflake Stock is $237.72 and the 52-week low is $134.17.

What is the market capitalization of Snowflake Stock?
As of the 2024-03-27, the market capitalization of Snowflake is 52.036B.

When is the next earnings date for Snowflake?
The upcoming earnings date for Snowflake is May 22, 2024.
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About Snowflake Inc.

Snowflake Snowflake Inc. provides a cloud-based data platform in the United States and internationally. The company's platform offers Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data-driven applications, and share data. Its platform is used by various organizations of sizes in a range of industries. The company was formerly known as Snowflake Computing, Inc. and changed ... SNOW Profile

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