Snowflake (SNOW) Weekly Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
SNOW maintains a dominant long-term bullish market structure after breaking out of a multi-year base above its 50-week and 200-week moving averages. The current price action reflects a healthy short-term pullback from the 380 peak, testing initial support at the rising 20-week moving average (306.81). As long as the broader support band between 260 and 300 holds, the overall weekly trend remains favorable for a retest of cycle highs toward 380-405.
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SNOW Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Neutral
Price is undergoing a multi-week corrective pullback from the 380 swing high, currently testing the 20-week moving average (middle Bollinger Band) as RSI cools to 54.46.
Long-term Sentiment (weeks to months): Bullish
Clear long-term structural uptrend following a breakout from a multi-year accumulation base, with price trading well above rising 50-week (236.83) and 200-week (185.90) moving averages.
Report Metadata
- Timeframe: weekly
- Generated at: Oct 30, 2026
- Model: gemini-3.8-flash
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $303.50 | $300.00 - $307.00 | Moderate | Confluence of the 20-week simple moving average (306.81) and the psychological 300 level. |
| $267.50 | $260.00 - $275.00 | Strong | Prior major weekly swing high from late 2025 serving as primary breakout support. |
| $236.50 | $233.00 - $240.00 | Strong | Confluence of the rising 50-week moving average (236.83) and lower Bollinger Band. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $345.00 | $340.00 - $350.00 | Moderate | Intermediary weekly resistance and recent weekly candle open/high cluster. |
| $380.00 | $375.00 - $385.00 | Strong | Recent cycle peak and upper Bollinger Band zone (379.91). |
| $402.50 | $400.00 - $405.00 | Strong | Major historical all-time high resistance from late 2021. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Moderate | Bull Flag / Pullback to 20-Week SMA | Bullish | $380.00 | A controlled multi-week consolidation following an explosive advance, retesting the 20-week baseline. |
| Strong | Multi-Year Base Breakout | Bullish | $405.00 | Massive multi-year rounded bottom breakout above the 240-275 supply zone, confirming a major regime change. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Neutral because Price is undergoing a multi-week corrective pullback from the 380 swing high, currently testing the 20-week moving average (middle Bollinger Band) as RSI cools to 54.46. 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 $303.50 and $267.50. 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.