SNOWFLAKE INC. CLASS A - Daily - Technical analysis published on 02/28/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
39%
17%
44%
My opinion
Bullish above 211.21 USD
My targets
236.57 USD (+1.98%)
267.85 USD (+15.46%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on SNOWFLAKE INC. CLASS A as long as the price remains well above 211.21 USD. The buyers' bullish objective is set at 236.57 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 267.85 USD. If there is any crossing, the next objective would be the resistance located at 312.67 USD. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
6.8
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SNOWFLAKE INC. CLASS A rating is 231.98 USD. The price registered a decrease of -0.88% on the session and was between 226.56 USD and 233.88 USD. This implies that the price is at +2.39% from its lowest and at -0.81% from its highest.226.56
233.88
231.98
The Central Gaps scanner detects the formation of a bearish gap marking the strong presence of sellers ahead of buyers at the opening. This formed a quotation gap.
![Central Gaps Central Gaps](/medias/screeners/logo/CentralGaps.png)
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:
![Central Records Central Records](/medias/screeners/logo/CentralRecords.png)
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this SNOWFLAKE INC. CLASS A chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators shows a slightly bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
MACD indicator: bearish divergence
Type : Bearish
Timeframe : Daily
![Central Indicators Central Indicators](/medias/screeners/logo/CentralIndicators.png)
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
Momentum indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
![Central Patterns Central Patterns](/medias/screeners/logo/CentralPatterns.png)
Near horizontal resistance
Type : Bearish
Timeframe : Daily
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 | 140.84 | 169.91 | 189.53 | 231.98 | 236.57 | 267.85 | 312.67 |
Change (%) | -39.29% | -26.76% | -18.30% | - | +1.98% | +15.46% | +34.78% |
Change | -91.14 | -62.07 | -42.45 | - | +4.59 | +35.87 | +80.69 |
Level | Intermediate | Intermediate | Major | - | Major | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 226.96 | 229.02 | 231.53 | 233.59 | 236.10 | 238.16 | 240.67 |
Camarilla | 232.77 | 233.19 | 233.61 | 234.03 | 234.45 | 234.87 | 235.29 |
Woodie | 227.18 | 229.13 | 231.75 | 233.70 | 236.32 | 238.27 | 240.89 |
Fibonacci | 229.02 | 230.77 | 231.85 | 233.59 | 235.34 | 236.42 | 238.16 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 192.59 | 202.13 | 215.74 | 225.28 | 238.89 | 248.43 | 262.04 |
Camarilla | 222.97 | 225.10 | 227.22 | 229.34 | 231.46 | 233.58 | 235.71 |
Woodie | 194.62 | 203.15 | 217.77 | 226.30 | 240.92 | 249.45 | 264.07 |
Fibonacci | 202.13 | 210.98 | 216.44 | 225.28 | 234.13 | 239.59 | 248.43 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 149.81 | 165.38 | 180.51 | 196.08 | 211.21 | 226.78 | 241.91 |
Camarilla | 187.20 | 190.01 | 192.83 | 195.64 | 198.45 | 201.27 | 204.08 |
Woodie | 149.59 | 165.27 | 180.29 | 195.97 | 210.99 | 226.67 | 241.69 |
Fibonacci | 165.38 | 177.11 | 184.35 | 196.08 | 207.81 | 215.05 | 226.78 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
RSI (14): | 60.53 | |
MACD (12,26,9): | 7.3900 | |
Directional Movement: | 10.30 | |
AROON (14): | -42.86 | |
DEMA (21): | 232.91 | |
Parabolic SAR (0,02-0,02-0,2): | 212.16 | |
Elder Ray (13): | 3.60 | |
Super Trend (3,10): | 207.51 | |
Zig ZAG (10): | 231.02 | |
VORTEX (21): | 1.0400 | |
Stochastique (14,3,5): | 79.08 | |
TEMA (21): | 233.63 | |
Williams %R (14): | -26.11 | |
Chande Momentum Oscillator (20): | -0.81 | |
Repulse (5,40,3): | 2.3700 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.5500 | |
Courbe Coppock: | 12.09 |
MA7: | 226.78 | |
MA20: | 223.19 | |
MA50: | 207.17 | |
MA100: | 185.76 | |
MAexp7: | 229.51 | |
MAexp20: | 222.76 | |
MAexp50: | 208.78 | |
MAexp100: | 193.89 | |
Price / MA7: | +2.29% | |
Price / MA20: | +3.94% | |
Price / MA50: | +11.98% | |
Price / MA100: | +24.88% | |
Price / MAexp7: | +1.12% | |
Price / MAexp20: | +4.18% | |
Price / MAexp50: | +11.16% | |
Price / MAexp100: | +19.69% |
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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