SNOWFLAKE INC. CLASS A - Daily - Technical analysis published on 06/08/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
50%
11%
39%
My opinion
Bearish under 142.33 USD
My targets
122.19 USD (-9.87%)
105.31 USD (-22.32%)
My analysis
SNOWFLAKE INC. CLASS A is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 142.33 USD. The next support located at 122.19 USD is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 105.31 USD. Below this support, sellers could then target 97.42 USD. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are in opposition with the general bearish sentiment of this analysis and affect the trends. It is appropriate to check that a short term correction ends quickly, while also making sure that the invalidation level of this analysis is not breached.
Force
0
10
4.8
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This analysis was given by rbrittonbrownjr. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SNOWFLAKE INC. CLASS A price is 135.57 USD. The price registered an increase of +3.28% on the session with the lowest point at 130.03 USD and the highest point at 136.29 USD. The deviation from the price is +4.26% for the low point and -0.53% for the high point.130.03
136.29
135.57
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
![Central Volumes Central Volumes](/medias/screeners/logo/CentralVolumes.png)
Abnormal volumes
Timeframe : 20 days
Technical
Technical analysis of this Daily chart of SNOWFLAKE INC. CLASS A indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, according to the parameters integrated into the Central Analyzer system, only 9 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Daily
Williams %R indicator is back over -50
Type : Bullish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
R1
R2
R3
Price
Price | R1 | R2 | R3 | |
---|---|---|---|---|
ProTrendLines | 135.57 | 166.75 | 242.97 | 311.00 |
Change (%) | - | +23.00% | +79.22% | +129.40% |
Change | - | +31.18 | +107.40 | +175.43 |
Level | - | Minor | Minor | Major |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 125.38 | 127.70 | 131.64 | 133.96 | 137.90 | 140.22 | 144.16 |
Camarilla | 133.85 | 134.42 | 135.00 | 135.57 | 136.14 | 136.72 | 137.29 |
Woodie | 126.18 | 128.11 | 132.44 | 134.37 | 138.70 | 140.63 | 144.96 |
Fibonacci | 127.70 | 130.10 | 131.57 | 133.96 | 136.36 | 137.83 | 140.22 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 105.31 | 114.57 | 122.19 | 131.45 | 139.07 | 148.33 | 155.95 |
Camarilla | 125.18 | 126.73 | 128.27 | 129.82 | 131.37 | 132.92 | 134.46 |
Woodie | 104.50 | 114.16 | 121.38 | 131.04 | 138.26 | 147.92 | 155.14 |
Fibonacci | 114.57 | 121.02 | 125.00 | 131.45 | 137.90 | 141.88 | 148.33 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 22.29 | 67.20 | 97.42 | 142.33 | 172.55 | 217.46 | 247.68 |
Camarilla | 106.99 | 113.88 | 120.76 | 127.65 | 134.54 | 141.42 | 148.31 |
Woodie | 14.96 | 63.53 | 90.09 | 138.66 | 165.22 | 213.79 | 240.35 |
Fibonacci | 67.20 | 95.90 | 113.63 | 142.33 | 171.03 | 188.76 | 217.46 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
RSI (14): | 43.90 | |
MACD (12,26,9): | -10.9100 | |
Directional Movement: | -8.07 | |
AROON (14): | -35.72 | |
DEMA (21): | 123.52 | |
Parabolic SAR (0,02-0,02-0,2): | 116.81 | |
Elder Ray (13): | -1.32 | |
Super Trend (3,10): | 164.64 | |
Zig ZAG (10): | 135.57 | |
VORTEX (21): | 0.9400 | |
Stochastique (14,3,5): | 47.80 | |
TEMA (21): | 126.59 | |
Williams %R (14): | -42.09 | |
Chande Momentum Oscillator (20): | -5.92 | |
Repulse (5,40,3): | 6.1400 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -1.2100 | |
Courbe Coppock: | 16.93 |
MA7: | 130.97 | |
MA20: | 136.15 | |
MA50: | 171.29 | |
MA100: | 211.47 | |
MAexp7: | 132.19 | |
MAexp20: | 139.61 | |
MAexp50: | 166.55 | |
MAexp100: | 202.74 | |
Price / MA7: | +3.51% | |
Price / MA20: | -0.43% | |
Price / MA50: | -20.85% | |
Price / MA100: | -35.89% | |
Price / MAexp7: | +2.56% | |
Price / MAexp20: | -2.89% | |
Price / MAexp50: | -18.60% | |
Price / MAexp100: | -33.13% |
Quotes :
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15 min delayed data
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NYSE Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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