Snowflake (SNOW) Monthly Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
Snowflake has established a secular regime transition following a decisive breakout from its multi-year accumulation base, supported by rising 20-month and 50-month moving averages. While the current monthly bar exhibits a pullback from the major 345–370 resistance zone, the macro structure remains structurally bullish above the 230 breakout level. Long-term investors are positioned within an expanding secular trend with primary macro upside targeting the prior all-time highs above 400.
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SNOW Monthly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price remains in a strong upward expansion well above the rising 20-month and 50-month moving averages, with monthly RSI holding above 60 despite current monthly consolidation.
Long-term Sentiment (weeks to months): Bullish
Clear breakout from a massive multi-year accumulation base formed between 2022 and 2024, with price reclaiming all key moving averages and maintaining higher macro lows.
Report Metadata
- Timeframe: monthly
- Generated at: Nov 1, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $227.50 | $220.00 - $235.00 | Strong | Confluence of the 20-month moving average (229.85) and the major multi-year range breakout zone. |
| $182.50 | $175.00 - $190.00 | Moderate | Corresponds to the rising 50-month moving average (186.43) and mid-range base consolidation. |
| $120.00 | $110.00 - $130.00 | Strong | Secular multi-year floor established across repeated tests between 2022 and 2024. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $360.00 | $345.00 - $375.00 | Strong | Upper Bollinger Band barrier and recent monthly swing rejection near the late 2021 secondary peak. |
| $415.00 | $400.00 - $430.00 | Strong | All-time structural highs established during the 2020-2021 cycle peaks. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Multi-Year Accumulation Base Breakout | Bullish | $400.00 | Extended multi-year rounded bottoming structure between approximately 110 and 230 that completed an upside breakout in 2025, propelling price toward prior secular resistance. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bullish because Price remains in a strong upward expansion well above the rising 20-month and 50-month moving averages, with monthly RSI holding above 60 despite current monthly consolidation. The long-term trend is classified as Bullish.
What are the key support levels for SNOW?
StockDips.AI has identified key support levels for SNOW at $227.50 and $182.50. 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 81/100. It is currently flagged as a significant dip in the Top Dips list. It is also listed as a Value Dip because long-term sentiment is bullish.
View the full interactive analysis on StockDips.AI.