SNOW Weekly Technical Analysis
Snowflake Inc
Cloud data platform for storing and analyzing data across providers.
SNOW Technical Analysis Summary
Snowflake is currently attempting a recovery after finding significant support at the 200-week SMA (~169), evidenced by a strong bullish weekly candle and a positive tick in the MACD histogram. However, the broader technical picture remains bearish as the price trades below the declining 50-week SMA and has yet to break the pattern of lower highs established in 2024. A close above the 50-week SMA near 206 is needed to suggest a potential long-term trend reversal.
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SNOW Weekly Chart
Sentiment
Short-term Sentiment (days to weeks): Bullish
Price posted a strong bullish engulfing-style candle (+8.23%) bouncing precisely off the 200-period SMA support, with the MACD histogram ticking positive.
Long-term Sentiment (weeks to months): Bearish
The stock remains structurally in a downtrend since early 2024, trading below the declining 50-week SMA, with lower highs and lower lows visible on the chart.
Report Metadata
- Timeframe: weekly
- Generated at: 2026-02-15T00:16:28.359Z
- Model: gemini-3-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $167.77 | $166.28 - $169.26 | Strong | Confluence of the recent weekly low and the 200-week SMA. |
| $145.00 | $140.00 - $150.00 | Strong | Key consolidation zone and structural support from mid-2023. |
| $115.00 | $110.00 - $120.00 | Strong | Major multi-year lows established in 2022. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $203.36 | $200.00 - $206.72 | Strong | Psychological level and location of the falling 50-week SMA. |
| $232.00 | $227.00 - $237.00 | Weak | Area of the middle Bollinger Band and previous breakdown zone. |
| $275.00 | $270.00 - $280.00 | Strong | Major swing high from early 2024 and Upper Bollinger Band. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Mean Reversion Bounce | Bullish | $206.00 | Price extended below the lower Bollinger Band and touched the 200 SMA before snapping back, indicating an oversold bounce. |
| Strong | Downtrend Channel | Bearish | N/A | Since the 2024 peak, price has adhered to a consistent downward trajectory characterized by lower highs and lower lows. |
Frequently Asked Questions about SNOW
What is the current sentiment for SNOW?
The short-term sentiment for SNOW is currently Bullish because Price posted a strong bullish engulfing-style candle (+8.23%) bouncing precisely off the 200-period SMA support, with the MACD histogram ticking positive.. 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 $167.77 and $145.00. 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 65/100. 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.