Trade under management, week 14, over 90% gain
Snowflake dips 1.4% as the trend holds: a 7% bounce off the 20-day average
Our view last week
After last week's pause, Snowflake rebounds 1.2% as buyers retake control, taking 92% of this week's volume. Money flow accelerates sharply and the ADX keeps climbing for a 7th straight week, a trend gaining conviction. But the MACD histogram turns lower after 3 weeks of gains, and the weekly structure still flags 5 caution signals out of 11 — persistent overbought RSI included. On the daily chart, the stock keeps carving higher lows, from the 254 area toward the 316 area.
This week's summary
Snowflake stock slips 1.4% after last week's run, but buyers stay in control with 75% of the week's volume. On the daily chart, the stock just bounced 7% off a touch on the 20-day average, in the 318 area, and the ADX keeps climbing for an 8th straight week: the trend is gaining conviction. The MACD histogram softens for a second week and RSI stays close to overbought, early signs of a slowdown in a trade that's now mature and sitting on a large gain.
IQS Phase
55
ordinary
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#2 / 175
US stocks in progress
Trade P&L %
+90.48%
from signal to date, no stop loss
Rank position
ranks 2nd among the 175 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 +1.30% · monthly +11.48%
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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