Snowflake Inc (SNOW): Price Up $0.69 (0.28)% Over Past Day, Down $-1.76 (-0.7)% Over Past Hour

The Hourly View for SNOW

At the time of this writing, SNOW (Get Ratings)’s price is down $-1.76 (-0.7%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

SNOW ranks 91st in terms of today’s price percentage change out of Business Services stocks.

SNOW’s Technical Outlook on the Daily Chart

Currently, SNOW’s price is up $0.69 (0.28%) from the day prior. The daily chart shows that SNOW has seen 2 straight up days. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows SNOW’s price action over the past 90 days.

SNOW

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SNOW: Daily RSI Analysis

  • For SNOW, its RSI is now at 23.3886.
  • SNOW and RSI both have consistent trends, as they are both heading up.

For SNOW News Traders

News traders keeping an eye on SNOW may find value in this recent story:

Is Snowflake Stock A Buy? Software Maker Sets Path To $10 Billion In Revenue By 2028

Snowflake stock, the biggest software IPO ever, has pulled back. Here is what technical analysis says about buying SNOW stock.

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