Snowflake · 3rd straight weekly gain, thinner momentum
Snowflake adds 1.5% and returns to the 349 area as money flow hits a 4-week high
Our view last week
After a single week of relief, sellers take the tape back: 62% of weekly volume trades on the offer, yet Snowflake stock closes 1.1% higher. The price action shows an indecisive weekly bar with a small body, the RSI at 74 in persistent overbought and the MACD histogram fading for 6 weeks. Weekly technical analysis sees a rally still in order with its momentum thinning, on one of the tech stocks with weekly buy signals, now up 95% from entry.
This week's summary
Snowflake is back in the 349 area, a level it already reached a week earlier, and no session has turned it away yet: for now the move continues. Snowflake stock closes up 1.5%, a 3rd straight gain, this time in the upper part of its range. The weekly technical analysis is split: money flow rises to a 4-week high, while the MACD histogram has faded for 7 weeks and the RSI at 74.6 stays overbought. Among US stocks with weekly buy signals, the trade is up 98% from entry.
IQS Phase
78
in tension
Signal Strength
87
high · wide & volatile
Sizing
FULL
Ranking
#2 / 93
US stocks in progress
Trade P&L %
+98.05%
from signal to date, no stop loss
Snowflake (SNOW) weekly chart — EMA50 · MACD · VWAP
Weekly chart · EMA50 · MACD · VWAP · Source: TradingView
Rank position
ranks 2nd among the 93 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 regimein strong phase
Performanceweekly +1.80% · monthly +8.83%
SNOW belongs to the growth tech sector (reference ETF XLK). The sector is classified in strong phase according to our weekly reading.
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