Snowflake Stock Technical Analysis
| SNOW Stock | USD 167.44 3.91 2.28% |
As of the 24th of November, Snowflake has the Coefficient Of Variation of 688.42, risk adjusted performance of 0.1197, and Semi Deviation of 1.62. In relation to fundamental indicators, the technical analysis model makes it possible for you to check existing technical drivers of Snowflake, as well as the relationship between them. Please validate Snowflake variance and potential upside to decide if Snowflake is priced more or less accurately, providing market reflects its prevalent price of 167.44 per share. Given that Snowflake has jensen alpha of 0.4037, we advise you to double-check Snowflake's current market performance to make sure the company can sustain itself at a future point.
Snowflake Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Snowflake, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to SnowflakeSnowflake |
Snowflake Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 198.26 | Strong Buy | 45 | Odds |
Most Snowflake analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Snowflake stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Snowflake, talking to its executives and customers, or listening to Snowflake conference calls.
Snowflake technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Snowflake Technical Analysis
The output start index for this execution was three with a total number of output elements of fifty-eight. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Snowflake volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Snowflake Trend Analysis
Use this graph to draw trend lines for Snowflake. You can use it to identify possible trend reversals for Snowflake as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Snowflake price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Snowflake Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Snowflake applied against its price change over selected period. The best fit line has a slop of 0.48 , which means Snowflake will continue generating value for investors. It has 122 observation points and a regression sum of squares at 8684.11, which is the sum of squared deviations for the predicted Snowflake price change compared to its average price change.About Snowflake Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Snowflake on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Snowflake based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Snowflake price pattern first instead of the macroeconomic environment surrounding Snowflake. By analyzing Snowflake's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Snowflake's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Snowflake specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2023 | 2024 (projected) | Payables Turnover | 34.11 | 30.31 | 17.37 | 19.3 | Days Of Inventory On Hand | 1.0E-6 | 34.54 | 39.72 | 32.2 |
Snowflake November 24, 2024 Technical Indicators
Most technical analysis of Snowflake help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Snowflake from various momentum indicators to cycle indicators. When you analyze Snowflake charts, please remember that the event formation may indicate an entry point for a short seller, and look at different 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 |
| Risk Adjusted Performance | 0.1197 | |||
| Market Risk Adjusted Performance | 0.3335 | |||
| Mean Deviation | 2.09 | |||
| Semi Deviation | 1.62 | |||
| Downside Deviation | 2.23 | |||
| Coefficient Of Variation | 688.42 | |||
| Standard Deviation | 4.5 | |||
| Variance | 20.28 | |||
| Information Ratio | 0.1162 | |||
| Jensen Alpha | 0.4037 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | 0.2352 | |||
| Treynor Ratio | 0.3235 | |||
| Maximum Drawdown | 8.92 | |||
| Value At Risk | (3.40) | |||
| Potential Upside | 4.2 | |||
| Downside Variance | 4.95 | |||
| Semi Variance | 2.63 | |||
| Expected Short fall | (2.32) | |||
| Skewness | 5.65 | |||
| Kurtosis | 40.3 |
Additional Tools for Snowflake Stock Analysis
When running Snowflake's price analysis, check to measure Snowflake's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Snowflake is operating at the current time. Most of Snowflake's value examination focuses on studying past and present price action to predict the probability of Snowflake's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Snowflake's price. Additionally, you may evaluate how the addition of Snowflake to your portfolios can decrease your overall portfolio volatility.