SNOW Daily Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
Snowflake Inc. is currently in a corrective phase, trading below all key moving averages (20, 50, and 200-day SMAs), which signals short-term weakness. The price is testing critical support near the $200 level, while momentum indicators like the MACD and RSI remain in bearish territory but show signs of stabilizing. A decisive reclaim of the 200-day SMA at approximately 215.56 is required to neutralize the immediate bearish bias.
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SNOW Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price is trading below the 20-day and 50-day SMAs. The RSI is below 50, and the MACD line is below the signal line, indicating sustained negative momentum despite recent consolidation.
Long-term Sentiment (weeks to months): Neutral
The price is hovering just below the 200-day SMA (215.56), threatening the long-term trend. However, the 200-day SMA slope remains slightly positive, and the 50-day SMA is still above the 200-day SMA, suggesting the major uptrend structure has not fully collapsed yet.
Report Metadata
- Timeframe: daily
- Generated at: 2026-01-23T15:09:35.332Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $202.50 | $200.00 - $205.00 | Strong | Recent swing lows and proximity to the Lower Bollinger Band (200.90). |
| $172.50 | $170.00 - $175.00 | Strong | Major swing low area from the previous consolidation phase. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $216.60 | $215.50 - $217.70 | Strong | Confluence of the 200-day SMA (215.56) and the 20-day SMA (217.65). |
| $232.50 | $230.00 - $235.00 | Weak | 50-day SMA (230.61) and upper Bollinger Band area. |
| $277.50 | $275.00 - $280.00 | Strong | Recent major swing high. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Descending Channel | Bearish | $200.00 | A corrective channel forming lower highs and lower lows since the peak around 280. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bearish because Price is trading below the 20-day and 50-day SMAs. The RSI is below 50, and the MACD line is below the signal line, indicating sustained negative momentum despite recent consolidation.. 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 $202.50 and $172.50. 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 45/100. 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.