As of March 26, 2026, SNOW (Snowflake Inc.) is in a downtrend state on the weekly chart, with a confidence level of 72%. Key support is at $155 and key resistance at $190. Weekly selloff pushed price to ~$160.6, below EMA50/EMA100/EMA200 and under SMA200; momentum weak (RSI ~35) with recent lower highs from the ~$270 peak.
Base-building attempt: price defends the ~$155 weekly demand (prior pivot/undercut area), then mean-reverts into the MA cluster; expect choppy bounce rather than a clean V-reversal.
Trend continuation: lose ~$155 on a weekly close, triggering another impulsive leg lower (Elliott: extending wave (3)/(C) lower), with downside measured move toward prior consolidation and Fib retrace zones.
Weekly close below $155 confirms continuation lower (next leg down from the recent swing-low reference zone).
Weekly close back above $190 (reclaim EMA100/EMA200 zone) would invalidate the immediate downtrend pressure and favor a base/reversal attempt.
Scale-in around the $155 swing-low reference and prior demand; add if breakdown finds support at next weekly shelf; heavy add only near deeper prior-base/Fib-extension area if capitulation occurs.
Trim into the overhead MA supply ($195-$210) and prior distribution range ($225-$245); fully close near prior peak supply where the last impulsive selloff started ($260-$280).
As of March 26, 2026, SNOW (Snowflake Inc.) is in a downtrend state on the weekly chart with 72% confidence. Weekly selloff pushed price to ~$160.6, below EMA50/EMA100/EMA200 and under SMA200; momentum weak (RSI ~35) with recent lower highs from the ~$270 peak.
On the weekly timeframe, SNOW has key support at $155 and key resistance at $190. The most likely scenario (bullish) targets $175 and $195, with a revert level at $165.
SNOW (Snowflake Inc.) is currently classified as downtrend on the weekly chart, with 72% confidence. Confirmation requires: Weekly close below $155 confirms continuation lower (next leg down from the recent swing-low reference zone). This would be invalidated by: Weekly close back above $190 (reclaim EMA100/EMA200 zone) would invalidate the immediate downtrend pressure and favor a base/reversal attempt.
The most likely scenario (bullish) targets $175 and $195, with a revert level at $165. The alternative scenario (bearish) targets $140 and $120.
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