Snowflake: 8th week, signal strength near its peak
Snowflake climbs 2.8%: signal strength near its peak in week 8
Snowflake: 8th week, signal strength near its peak
Our view last week
In this week's Snowflake technical analysis, the swing trade gained just 0.5%: underneath, the picture gets a bit trickier, with buyer dominance fading and sellers back in charge of the last bar. The buy signal still holds up, though - 7th week of the trade, running at +51.8% since entry - and the stock climbs to 6th place among the 129 open US Longs.
This week's summary
In this week's Snowflake technical analysis, the stock adds another 2.8%, but underneath the picture gets trickier: buyer dominance keeps fading and volumes are contracting. Signal strength stays very high, the setup quality indicator sits in the ordinary range, and the trade is now running at more than 56% since entry. The price, already within a step of its recent highs, is boxed between the first resistance in the 279 area and the first support in the 267 area.
IQS Phase
63
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#6 / 112
US stocks in progress
Trade P&L %
+56.16%
from signal to today
restricted Platinum content