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Takip Edin: @UscMarketsSNOW Stock Forecast & Snowflake Chart Analysis
This article provides a detailed analysis of SNOW-Snowflake Inc. stock including a forecast for SNOW shares. It features Snowflake Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SNOW Historical Data Review
SNOW Current Price Performance Analysis
The Snowflake - SNOW stock traded on the American stock market, on 06-05-2024, closed at 134.29$ with a %-1.98 decreased compared to the previous day.
In the last month, the price of SNOW changed by %-17.96 decreased in value, from 163.68 dollars on 05-06-2024 to 134.29 dollars, decreased.
Last year, the price of SNOW was 182.22 dollars on 06-06-2023, and changed by %-26.30 decreased in value, to 134.29 dollars decreased within a year.
The price of Snowflake stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
SNOW with AI Stock Forecast & Price Target
On the SNOW chart Snowflake price was recorded as 134.29 Dollars on 06/05/2024.
The artificial intelligence's forecast on SNOW stock is as follows.
The artificial intelligence's prediction error margin for SNOW stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Snowflake stock over the next 4 months is: 260.9 Dollars.
The commentary on SNOW stock Target Price: Highest: 307.27 Dollars is predicted.
The commentary on SNOW stock Target Price: Lowest: 181.051 Dollars is predicted.
Resistance Price where Snowflake stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 07-30-2024 | 231.406 |
| 11-07-2024 | 307.270 |
| 12-27-2024 | 295.491 |
| 02-25-2025 | 265.952 |
Support Price where Snowflake stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 227.535 |
| 12-02-2024 | 287.088 |
| 01-31-2025 | 248.699 |
| 03-17-2025 | 259.370 |
The commentary on SNOW stock: The target price can generally be said to be on the rise.
The commentary on SNOW stock: Fluctuations in the target price can be expected in the coming days.
The target price for Snowflake stock by the end of 2024 is predicted to be 295.491 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SNOW stock, and the 2024 target price predictions for Snowflake are detailed above.
The technical analysis and charts for the commentary on SNOW stock are below.
SNOW Support & Resistance and Trend Analysis
SNOW stock you have reviewed the technical analysis support resistance charts regarding.
SNOW : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SNOW review, the Snowflake support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Snowflake Support and Resistance Prices:
| SNOW Support Level Price | SNOW Resistance Level Price |
|---|---|
| 144.32 | 160.52 |
| 144.55 | 168.68 |
| 150.62 | 168.80 |
| 151.49 | 201.88 |
| 163.37 | 202.83 |
| 180.68 | 211.65 |
| 180.95 | 235.00 |
| 182.53 | 235.66 |
| 194.87 | 236.33 |
| 237.72 |
SNOW Technical Analysis: SMA, RSI, MACD
Upon reviewing the SNOW chart, buy and sell signals have been generated in the Snowflake technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SNOW stock are as follows:- SNOW technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for Snowflake gave a 'Buy' signal when the RSI was at 27.696, with the current RSI value at 15.282.
- The technical analysis for Snowflake indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Snowflake stock: Click here to read more predictions on Merck KGaA stock.
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