SNOW Daily Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
Snowflake Inc. has experienced a significant technical breakdown, slicing through the long-term 200-day moving average and completing a major topping formation. While the RSI indicates the stock is currently oversold and may be due for a short-term bounce, the dominant momentum is heavily bearish with widening Bollinger Bands and falling MACD. Resistance overhead is now formidable, with previous support levels around 210-217 likely to act as a ceiling for any recovery attempts.
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SNOW Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is in a freefall, closing significantly below the lower Bollinger Band and all major moving averages. Momentum is strongly negative with MACD plunging, although RSI at 26.01 indicates oversold conditions.
Long-term Sentiment (weeks to months): Bearish
The stock has broken market structure by falling below the critical 200-day SMA (217.50) and the 50-day SMA. A topping pattern has completed, signaling a potential long-term trend reversal.
Report Metadata
- Timeframe: daily
- Generated at: 2026-02-03T15:11:14.317Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $171.50 | $168.00 - $175.00 | Weak | Previous consolidation zone and swing lows from mid-2025. |
| $150.00 | $145.00 - $155.00 | Strong | Major structural support from the base formed in early 2025. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $197.50 | $195.00 - $200.00 | Weak | Psychological round number and recent breakdown area. |
| $216.00 | $210.00 - $222.00 | Strong | Confluence of the 20 SMA, 200 SMA, and 50 SMA, acting as a major overhead barrier. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Head and Shoulders Top | Bearish | $150.00 | A complex topping formation is visible with a head around 280 and shoulders near 240. The neckline support around 210-215 has been decisively broken. |
| Strong | Bollinger Band Breakdown | Bearish | N/A | Price has closed below the lower Bollinger Band (184.44), indicating extreme weakness and volatility expansion to the downside. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bearish because Price is in a freefall, closing significantly below the lower Bollinger Band and all major moving averages. Momentum is strongly negative with MACD plunging, although RSI at 26.01 indicates oversold conditions.. The long-term trend is classified as Bearish.
What are the key support levels for SNOW?
StockDips.AI has identified key support levels for SNOW at $171.50 and $150.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is SNOW in a significant dip or a Value Dip right now?
SNOW has a Value Score of 99/100. It is currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.