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Snowflake price stalls – Forecast today

Stock Analysis

Snowflake’s stock price (SNOW) edged lower in latest intraday trading on profit-taking, while gathering positive momentum to rise anew, with positive signals from the Stochastic, coupled with ongoing positive support due to trading above the 50-day SMA, with the dominance of the main upward trend as the price trades alongside the secondary short-term trend line. 

 

Therefore we expect the price to rise and target the resistance of $240.00, provided the support of $206.00 holds on.

 

Today’s price forecast: Bullish

 

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