SNOWFLAKE INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	SNOW
ISIN:

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

4.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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.

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

Abnormal volumes on SNOWFLAKE INC. CLASS A were detected by the Central Volumes scanner:

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:

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

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 : - 15 min delayed data - NYSE Stocks

This member declared not having a position on this financial instrument or a related financial instrument.

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