SNOW Daily Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
SNOW remains in a dominant long-term downtrend, clearly trading below its key 200-day moving average. Despite the bearish macro structure, short-term momentum has shifted bullish as the stock bounces off a strong support base near $160, confirmed by positive MACD and RSI signals. For a meaningful trend change to occur, bulls must overcome immediate resistance at the 50-day SMA and eventually reclaim the $215-$220 zone.
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SNOW Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price is rebounding strongly from recent lows, RSI has crossed above the 50 midline indicating positive momentum, and MACD shows a recent bullish crossover with an expanding positive histogram.
Long-term Sentiment (weeks to months): Bearish
The broader chart structure remains a downtrend from the highs, with the price trading significantly below the declining 200-day SMA and the 50-day SMA remaining below the 200-day SMA.
Report Metadata
- Timeframe: daily
- Generated at: 2026-03-09T21:04:05.910Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $160.50 | $158.00 - $163.00 | Strong | Recent swing low that has been tested multiple times, serving as the base for the current short-term bounce. |
| $140.00 | $135.00 - $145.00 | Strong | Major historical consolidation zone and significant structural swing low visible on the left side of the chart. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $193.00 | $190.00 - $196.00 | Strong | Immediate resistance zone encompassing recent minor swing highs and the dynamically declining 50-day SMA. |
| $217.50 | $215.00 - $220.00 | Strong | Prior structural support area that broke down sharply; now acts as significant resistance, closely aligning with the 200-day SMA. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Weak | Potential Double Bottom | Bullish | $195.00 | The price has formed two distinct lows near the $160 level and is currently rallying. A break above the intervening peak near $195 would confirm the reversal pattern. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bullish because Price is rebounding strongly from recent lows, RSI has crossed above the 50 midline indicating positive momentum, and MACD shows a recent bullish crossover with an expanding positive histogram.. 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 $160.50 and $140.00. 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 31/100. 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.