Snowflake: 10th week, trade above 70%
Snowflake stock: +9.4% this week, testing its highs again in week 10
Snowflake: 10th week, trade above 70%
Our view last week
Snowflake closes a nearly flat week, -0.3%, but underneath the surface last week's cooling keeps going: volumes are contracting further, the last bar is indecisive, and sellers were slightly ahead. The stock still trades close to its recent highs, with the weekly RSI above 67 and the buy signal now in its ninth week. Our technical analysis points to a phase of careful management, with the trade running more than 55% in profit since entry.
This week's summary
Snowflake stock jumps 9.4% this week, pressing back toward its all-time highs: the weekly RSI climbs to 72, in advanced-strength territory, with little room left before the next resistance. Our technical analysis confirms a strong buy signal, now in its 10th week with signal strength at 87 out of 100 — the trade is already running more than 70% in profit since entry.
IQS Phase
66
in tension
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#3 / 120
US stocks in progress
Trade P&L %
+70.31%
from signal to date, no stop loss
Rank position
ranks 3rd among the 120 Longs already running for US stocks in our ranking, with a signal strength of 87 out of 100.
Sector context
SectorGrowth Tech
Benchmark ETFXLK
Sector regimeweak phase
Performanceweekly -0.30% · monthly -5.53%
SNOW belongs to the growth tech sector (reference ETF XLK). The sector is classified weak phase according to our weekly reading.
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