Snowflake Stock Forecast - Simple Moving Average
| SNOW Stock | ARS 10,660 80.00 0.74% |
Snowflake Stock outlook is based on your current time horizon. Investors can use this forecasting interface to forecast Snowflake stock prices and determine the direction of Snowflake's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Snowflake's historical fundamentals, such as revenue growth or operating cash flow patterns.
At this time, the value of RSI of Snowflake's share price is approaching 41. This usually implies that the stock is in nutural position, most likellhy at or near its support level. The main point of RSI analysis is to track how fast people are buying or selling Snowflake, making its price go up or down. Momentum 41
Sell Extended
Oversold | Overbought |
Using Snowflake hype-based prediction, you can estimate the value of Snowflake from the perspective of Snowflake response to recently generated media hype and the effects of current headlines on its competitors.
The Simple Moving Average forecasted value of Snowflake on the next trading day is expected to be 10,660 with a mean absolute deviation of 305.76 and the sum of the absolute errors of 18,040. Snowflake after-hype prediction price | ARS 10660.0 |
There is no one specific way to measure market sentiment using hype analysis or a similar predictive technique. This prediction method should be used in combination with more fundamental and traditional techniques such as stock price forecasting, technical analysis, analysts consensus, earnings estimates, and various momentum models.
Snowflake |
Snowflake Additional Predictive Modules
Most predictive techniques to examine Snowflake price help traders to determine how to time the market. We provide a combination of tools to recognize potential entry and exit points for Snowflake using various technical indicators. When you analyze Snowflake charts, please remember that the event formation may indicate an entry point for a short seller, and look at other indicators across different periods to confirm that a breakdown or reversion is likely to occur.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Snowflake Simple Moving Average Price Forecast For the 29th of January
Given 90 days horizon, the Simple Moving Average forecasted value of Snowflake on the next trading day is expected to be 10,660 with a mean absolute deviation of 305.76, mean absolute percentage error of 168,631, and the sum of the absolute errors of 18,040.Please note that although there have been many attempts to predict Snowflake Stock prices using its time series forecasting, we generally do not recommend using it to place bets in the real market. The most commonly used models for forecasting predictions are the autoregressive models, which specify that Snowflake's next future price depends linearly on its previous prices and some stochastic term (i.e., imperfectly predictable multiplier).
Snowflake Stock Forecast Pattern
| Backtest Snowflake | Snowflake Price Prediction | Buy or Sell Advice |
Snowflake Forecasted Value
In the context of forecasting Snowflake's Stock value on the next trading day, we examine the predictive performance of the model to find good statistically significant boundaries of downside and upside scenarios. Snowflake's downside and upside margins for the forecasting period are 10,657 and 10,663, respectively. We have considered Snowflake's daily market price to evaluate the above model's predictive performance. Remember, however, there is no scientific proof or empirical evidence that traditional linear or nonlinear forecasting models outperform artificial intelligence and frequency domain models to provide accurate forecasts consistently.
Model Predictive Factors
The below table displays some essential indicators generated by the model showing the Simple Moving Average forecasting method's relative quality and the estimations of the prediction error of Snowflake stock data series using in forecasting. Note that when a statistical model is used to represent Snowflake stock, the representation will rarely be exact; so some information will be lost using the model to explain the process. AIC estimates the relative amount of information lost by a given model: the less information a model loses, the higher its quality.| AIC | Akaike Information Criteria | 126.4702 |
| Bias | Arithmetic mean of the errors | 70.678 |
| MAD | Mean absolute deviation | 305.7627 |
| MAPE | Mean absolute percentage error | 0.0256 |
| SAE | Sum of the absolute errors | 18040.0 |
Predictive Modules for Snowflake
There are currently many different techniques concerning forecasting the market as a whole, as well as predicting future values of individual securities such as Snowflake. Regardless of method or technology, however, to accurately forecast the stock market is more a matter of luck rather than a particular technique. Nevertheless, trying to predict the stock market accurately is still an essential part of the overall investment decision process. Using different forecasting techniques and comparing the results might improve your chances of accuracy even though unexpected events may often change the market sentiment and impact your forecasting results.Snowflake After-Hype Price Density Analysis
As far as predicting the price of Snowflake at your current risk attitude, this probability distribution graph shows the chance that the prediction will fall between or within a specific range. We use this chart to confirm that your returns on investing in Snowflake or, for that matter, your successful expectations of its future price, cannot be replicated consistently. Please note, a large amount of money has been lost over the years by many investors who confused the symmetrical distributions of Stock prices, such as prices of Snowflake, with the unreliable approximations that try to describe financial returns.
Next price density |
| Expected price to next headline |
Snowflake Estimiated After-Hype Price Volatility
In the context of predicting Snowflake's stock value on the day after the next significant headline, we show statistically significant boundaries of downside and upside scenarios based on Snowflake's historical news coverage. Snowflake's after-hype downside and upside margins for the prediction period are 10,657 and 10,663, respectively. We have considered Snowflake's daily market price in relation to the headlines to evaluate this method's predictive performance. Remember, however, there is no scientific proof or empirical evidence that news-based prediction models outperform traditional linear, nonlinear models or artificial intelligence models to provide accurate predictions consistently.
Current Value
Snowflake is very steady at this time. Analysis and calculation of next after-hype price of Snowflake is based on 3 months time horizon.
Snowflake Stock Price Outlook Analysis
Have you ever been surprised when a price of a Company such as Snowflake is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Snowflake backward and forwards among themselves. Have you ever observed a lot of a particular company's price movement is driven by press releases or news about the company that has nothing to do with actual earnings? Usually, hype to individual companies acts as price momentum. If not enough favorable publicity is forthcoming, the Stock price eventually runs out of speed. So, the rule of thumb here is that as long as this news hype has nothing to do with immediate earnings, you should pay more attention to it. If you see this tendency with Snowflake, there might be something going there, and it might present an excellent short sale opportunity.
| Expected Return | Period Volatility | Hype Elasticity | Related Elasticity | News Density | Related Density | Expected Hype |
0.35 | 2.95 | 0.00 | 0.00 | 0 Events / Month | 0 Events / Month | Within a week |
| Latest traded price | Expected after-news price | Potential return on next major news | Average after-hype volatility | |
10,660 | 10,660 | 0.00 |
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Snowflake Hype Timeline
Snowflake is at this time traded for 10,660on Buenos Aires Exchange of Argentina. The entity stock is not elastic to its hype. The average elasticity to hype of competition is 0.0. Snowflake is forecasted not to react to the next headline, with the price staying at about the same level, and average media hype impact volatility is insignificant. The immediate return on the next news is forecasted to be very small, whereas the daily expected return is at this time at -0.35%. %. The volatility of related hype on Snowflake is about 0.0%, with the expected price after the next announcement by competition of 10,660. The company recorded a loss per share of 288.68. Snowflake had not issued any dividends in recent years. Assuming the 90 days trading horizon the next forecasted press release will be within a week. Check out Historical Fundamental Analysis of Snowflake to cross-verify your projections. For information on how to trade Snowflake Stock refer to our How to Trade Snowflake Stock guide.Snowflake Related Hype Analysis
Having access to credible news sources related to Snowflake's direct competition is more important than ever and may enhance your ability to predict Snowflake's future price movements. Getting to know how Snowflake's peers react to changing market sentiment, related social signals, and mainstream news is a great way to find investing opportunities and time the market. The summary table below summarizes the essential lagging indicators that can help you analyze how Snowflake may potentially react to the hype associated with one of its peers.
| HypeElasticity | NewsDensity | SemiDeviation | InformationRatio | PotentialUpside | ValueAt Risk | MaximumDrawdown | |||
| TRAN | Compania de Transporte | 0.00 | 0 per month | 3.26 | 0.19 | 5.53 | (5.29) | 20.70 | |
| TECO2 | Telecom Argentina | 0.00 | 0 per month | 1.92 | 0.10 | 4.40 | (3.83) | 16.39 | |
| TGSU2 | Transportadora de Gas | 0.00 | 0 per month | 1.44 | 0.06 | 4.21 | (3.01) | 7.75 | |
| AGRO | Agrometal SAI | 0.00 | 0 per month | 2.11 | 0.13 | 7.35 | (4.26) | 16.73 | |
| LYG | Lloyds Banking Group | 0.00 | 0 per month | 1.86 | 0.07 | 2.92 | (2.69) | 9.24 |
Other Forecasting Options for Snowflake
For every potential investor in Snowflake, whether a beginner or expert, Snowflake's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Snowflake Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Snowflake. Basic forecasting techniques help filter out the noise by identifying Snowflake's price trends.Snowflake Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Snowflake stock to make a market-neutral strategy. Peer analysis of Snowflake could also be used in its relative valuation, which is a method of valuing Snowflake by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Snowflake Market Strength Events
Market strength indicators help investors to evaluate how Snowflake stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Snowflake shares will generate the highest return on investment. By undertsting and applying Snowflake stock market strength indicators, traders can identify Snowflake entry and exit signals to maximize returns.
| Accumulation Distribution | 0.0275 | |||
| Daily Balance Of Power | (0.27) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 10750.0 | |||
| Day Typical Price | 10720.0 | |||
| Market Facilitation Index | 300.0 | |||
| Price Action Indicator | (130.00) | |||
| Period Momentum Indicator | (80.00) | |||
| Relative Strength Index | 41.3 |
Snowflake Risk Indicators
The analysis of Snowflake's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Snowflake's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting snowflake stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 2.15 | |||
| Standard Deviation | 2.96 | |||
| Variance | 8.75 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Story Coverage note for Snowflake
The number of cover stories for Snowflake depends on current market conditions and Snowflake's risk-adjusted performance over time. The coverage that generates the most noise at a given time depends on the prevailing investment theme that Snowflake is classified under. However, while its typical story may have numerous social followers, the rapid visibility can also attract short-sellers, who usually are skeptical about Snowflake's long-term prospects. So, having above-average coverage will typically attract above-average short interest, leading to significant price volatility.
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Additional Information and Resources on Investing in Snowflake Stock
When determining whether Snowflake is a strong investment it is important to analyze Snowflake's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Snowflake's future performance. For an informed investment choice regarding Snowflake Stock, refer to the following important reports:Check out Historical Fundamental Analysis of Snowflake to cross-verify your projections. For information on how to trade Snowflake Stock refer to our How to Trade Snowflake Stock guide.You can also try the Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.