SNOWFLAKE INC. CLASS A

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Stocks
Ticker:	SNOW
ISIN:

SNOWFLAKE INC. CLASS A - Daily - Technical analysis published on 02/28/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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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

6.8

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 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.

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:

The study of the highest / lowest by the Central Records scanner shows the following results:

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:

MACD indicator: bearish divergence

Type : Bearish

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

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:

Near horizontal resistance

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

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 : - 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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