SNOW Weekly Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
SNOW is experiencing a severe short-term downtrend following a sharp rejection at the top of its multi-year trading range near $235. The momentum picture is solidly bearish with price slicing through the 50-week SMA on heavy volume. Long-term investors should watch the current test of the 200-week SMA (~$169); a failure here likely sends the stock back toward the lower end of its macro range near $140.
Included In Lists
Related Tickers of Interest
SNOW Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has suffered a sharp breakdown from recent highs (~235), slicing decisively through the 50-week SMA on strong negative volume. RSI is plunging towards oversold, and MACD has formed a bearish crossover with an expanding negative histogram, confirming strong downward momentum.
Long-term Sentiment (weeks to months): Neutral
The stock remains trapped within a massive multi-year trading range roughly between 130 and 240. While the recent rejection at the top of the range is bearish, the 50-week SMA remains above the 200-week SMA, and price is currently attempting to find support near the 200-week SMA.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-21T18:36:12.246Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $170.00 | $165.00 - $175.00 | Strong | Current test zone; includes the 200-week SMA (~169), the lower Bollinger Band, and areas of prior consolidation. |
| $140.00 | $135.00 - $145.00 | Strong | Major multi-month base and structural swing lows established throughout late 2022 and early 2023. |
| $120.00 | $115.00 - $125.00 | Strong | The multi-year absolute lows set in mid-2022. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $201.50 | $195.00 - $208.00 | Strong | Recent breakdown area, round psychological number ($200), and confluence with the declining 50-week SMA (~207). |
| $235.00 | $230.00 - $240.00 | Strong | The recent major swing highs that capped the latest multi-month rally. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Broad Consolidation Range | Neutral | N/A | The stock has been trading in a massive, volatile sideways box roughly between 130 and 240 since mid-2022. |
| Strong | Failed Breakout / Double Top Structure | Bearish | $165.00 | Price formed two distinct peaks near the 235-240 level before reversing sharply downward, failing to sustain a breakout above the broad range resistance. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bearish because Price has suffered a sharp breakdown from recent highs (~235), slicing decisively through the 50-week SMA on strong negative volume. RSI is plunging towards oversold, and MACD has formed a bearish crossover with an expanding negative histogram, confirming strong downward 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 $170.00 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 53/100. 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.