SNOWFLAKE INC. CLASS A - 1H - Technical analysis published on 09/16/2022 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Analysis too old. There are no more charts available.
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Neutral
Technical indicators
11%
67%
22%
My opinion
Bearish under 188.24 USD
My targets
180.01 USD (-2.22%)
165.89 USD (-9.89%)
My analysis
The current short-term bearish trend is expected to quickly fix the basic bearish trend. To avoid contradicting the short term, it would be possible to favour short positions (for sale) for SNOWFLAKE INC. CLASS A as long as the price remains well below 188.24 USD. The sellers' bearish objective is set at 180.01 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 165.89 USD. If there is any crossing, the next objective would be the support located at 159.68 USD.
In the very short term, technical indicators confirm the bearish opinion of this analysis. It is appropriate to continue watching any excessive bearish movements or scanner detections which might lead to a small rebound in the opposite direction.
Force
0
10
3.2
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Additional analysis
Quotes
SNOWFLAKE INC. CLASS A rating 184.10 USD. The price registered a decrease of -6.31% on the session and was between 183.81 USD and 193.66 USD. This implies that the price is at +0.16% from its lowest and at -4.94% from its highest.183.81
193.66
184.10
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in 1H of this SNOWFLAKE INC. CLASS A chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : 1 hour
Pivot points : price is under support 3
Type : Neutral
Timeframe : 1 hour
MACD indicator is back under 0
Type : Bearish
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Support of channel is broken
Type : Bearish
Timeframe : 1 hour
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 159.68 | 165.89 | 180.01 | 184.10 | 188.24 | 195.28 | 205.66 |
| Change (%) | -13.26% | -9.89% | -2.22% | - | +2.25% | +6.07% | +11.71% |
| Change | -24.42 | -18.21 | -4.09 | - | +4.14 | +11.18 | +21.56 |
| Level | Intermediate | Minor | Major | - | Intermediate | Minor | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.35 | 188.03 | 192.26 | 197.94 | 202.17 | 207.85 | 212.08 |
| Camarilla | 193.77 | 194.67 | 195.58 | 196.49 | 197.40 | 198.31 | 199.22 |
| Woodie | 181.63 | 187.67 | 191.54 | 197.58 | 201.45 | 207.49 | 211.36 |
| Fibonacci | 188.03 | 191.82 | 194.15 | 197.94 | 201.73 | 204.06 | 207.85 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 152.86 | 160.32 | 174.26 | 181.72 | 195.66 | 203.12 | 217.06 |
| Camarilla | 182.31 | 184.27 | 186.23 | 188.19 | 190.15 | 192.11 | 194.08 |
| Woodie | 156.09 | 161.94 | 177.49 | 183.34 | 198.89 | 204.74 | 220.29 |
| Fibonacci | 160.32 | 168.50 | 173.55 | 181.72 | 189.90 | 194.95 | 203.12 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84.82 | 113.93 | 147.44 | 176.55 | 210.06 | 239.17 | 272.68 |
| Camarilla | 163.73 | 169.47 | 175.21 | 180.95 | 186.69 | 192.43 | 198.17 |
| Woodie | 87.02 | 115.03 | 149.64 | 177.65 | 212.26 | 240.27 | 274.88 |
| Fibonacci | 113.93 | 137.85 | 152.63 | 176.55 | 200.47 | 215.25 | 239.17 |
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): | 40.18 | |
| MACD (12,26,9): | -0.4200 | |
| Directional Movement: | -11.31 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 191.82 | |
| Parabolic SAR (0,02-0,02-0,2): | 200.36 | |
| Elder Ray (13): | -5.60 | |
| Super Trend (3,10): | 196.85 | |
| Zig ZAG (10): | 185.17 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 9.38 | |
| TEMA (21): | 189.11 | |
| Williams %R (14): | -92.33 | |
| Chande Momentum Oscillator (20): | -12.62 | |
| Repulse (5,40,3): | -1.1300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 3.47 |
| MA7: | 190.02 | |
| MA20: | 179.30 | |
| MA50: | 164.84 | |
| MA100: | 153.94 | |
| MAexp7: | 188.75 | |
| MAexp20: | 191.29 | |
| MAexp50: | 188.45 | |
| MAexp100: | 183.36 | |
| Price / MA7: | -3.12% | |
| Price / MA20: | +2.68% | |
| Price / MA50: | +11.68% | |
| Price / MA100: | +19.59% | |
| Price / MAexp7: | -2.46% | |
| Price / MAexp20: | -3.75% | |
| Price / MAexp50: | -2.30% | |
| Price / MAexp100: | +0.41% |
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.
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