SNOW Weekly Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
Snowflake is undergoing a sharp correction, having lost the support of its 50-week SMA and pushing against the lower Bollinger Band with significant downward momentum. Short-term indicators are bearish, but the long-term uptrend structure relies on the price holding above the 200-week SMA near 170. A failure to hold the 170 level would likely shift the long-term bias to bearish, while a bounce here could confirm a higher low in the multi-year recovery.
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SNOW Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has broken sharply below the 50-week SMA and is hugging the lower Bollinger Band with a strong bearish weekly candle (-8.10%). RSI is steeply declining towards oversold territory (39.11), and MACD shows a clear bearish crossover with expanding negative momentum.
Long-term Sentiment (weeks to months): Neutral
While the short-term trend is negative, the price remains above the critical 200-week SMA (169.54). The longer-term structure of higher lows established since mid-2023 remains technically intact unless the 170 support zone is violated.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-01-31T23:34:26.911Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $172.00 | $169.00 - $175.00 | Strong | Confluence of the rising 200-week SMA and recent consolidation lows. |
| $145.00 | $140.00 - $150.00 | Strong | Major structural swing lows formed in mid-2023. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $208.00 | $206.00 - $210.00 | Weak | Previous support turned resistance at the 50-week SMA. |
| $235.00 | $232.00 - $238.00 | Strong | Recent swing high and upper Bollinger Band area. |
| $275.00 | $270.00 - $280.00 | Strong | Major multi-year resistance peak. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Bearish Engulfing / Breakdown | Bearish | $170.00 | A large bearish weekly candle engulfing recent price action and breaking below the 50-week SMA. |
| Weak | Broad Consolidation / Recovery Channel | Neutral | N/A | Since 2023, price has been recovering in a wide, volatile channel with higher lows. Current action is a test of the channel's trend integrity. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bearish because Price has broken sharply below the 50-week SMA and is hugging the lower Bollinger Band with a strong bearish weekly candle (-8.10%). RSI is steeply declining towards oversold territory (39.11), and MACD shows a clear bearish crossover with expanding negative momentum.. The long-term trend is classified as Neutral.
What are the key support levels for SNOW?
StockDips.AI has identified key support levels for SNOW at $172.00 and $145.00. 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 105/100. It is not 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.