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SNOWFLAKE INCSNOWFLAKE INCSNOWFLAKE INC

SNOWFLAKE INC

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5Q5 trade ideas

SNOW: Bullish caseHello, Looks like falling wedge pattern, this is bullish pattern. Targets are marked, it might consolidate for a bit and then starts going up. lower interest rates favors small caps and innovation companies, this was a crowd favorite, may be once again it can be favorite. Just that 6 months to 12 months from 10Y-02Y inversion, economy might slip into recession. Fed looks worried, may be something is broken in the system, we will know very soon. happy investing NYSE:SNOW
NYSE:SNOWLong
by MarathonToMoon
$SNOW (Snowflake) | Christmas Came Early +1,000% ROIWe watched this name face headwinds after a bad earnings print, along with data privacy issues... But we crafted our thesis, identified our price targets, then benchmarked this name against competitors like: NASDAQ:CRWD NSE:INFY and NYSE:PLTR (one of our biggest winners in 2024... Entry at $8/share) This analysis positioned NYSE:SNOW for significant upside after the massive sell-off from $237 down to $108 - which was reflective of a fair-value in this market. I loaded the boat on $150 Calls dated DEC24 & JAN26 (with additional strikes) On the DEC24 $150 Calls - Over 1,000% ROI (closed 1/2). What's Next for NYSE:SNOW The answer is simple, upside. Earlier this year, investors priced this name at a 20-30X EV/S - which was akin to perfection. To maintain that valuation would require absolute perfection in execution, earnings expectations, and forward guides into Q1 & Q2 of 2025. Since then, the valuation has been cut in half - even though the business has not seen a 50% revenue or growth decline. With an equivalent peer-driven valuation, NYSE:SNOW would be priced as follows: • $415 at NYSE:PLTR ’s valuation • $181 at NASDAQ:DDOG ’s valuation • $196 at NASDAQ:CFLT ’s valuation • $228 at NASDAQ:MDB ’s valuation Median target is $212. (Competition Valuation Performed by: StockSavvyShay on X)
NYSE:SNOWLong
by PennyBois
2
SNOW | Time to Load the Boat | LONGSnowflake, Inc. provides cloud data warehousing software. This includes the Data Cloud, an ecosystem where Snowflake customers, partners, data providers, and data consumers can break down data silos and derive value from rapidly growing data sets in secure, governed, and compliant ways. Its platform supports a range of use cases, including data warehousing, data lakes, data engineering, data science, data application development, and data sharing. The cloud-native architecture consists of three independently scalable layers across storage, compute, and cloud services. The storage layer ingests massive amounts and varieties of structured and semi-structured data to create a unified data record. The compute layer provides dedicated resources to enable users to simultaneously access common data sets for many use cases without latency. The cloud services layer optimizes each use case's performance requirements with no administration. Snowflake was founded by Marcin Zukowski, Thierry Cruanes and Benoit Dageville on July 23, 2012 and is headquartered in Bozeman, MT.
NYSE:SNOWLong
by DivergenceSeeker
Is Snowflake getting out of the DOGHOUSE? Watch before earnings!Is Snowflake NYSE:SNOW Finally Breaking Free from the Doghouse? 🐾 In this must-watch video, we’re dissecting: 🔹 Chart Analysis: What the latest charts are revealing about Snowflake's trajectory. 🔹 Potential Catalysts: Key factors that could propel or hinder NYSE:SNOW 's progress. 🔹 High Five Setup Trading Strategy: How my proven strategy applies to Snowflake's current setup. Ready to uncover the insights that matter most? Let’s dive in and stay ahead of the curve! 👇 Like l Follow l Share for more content Check my Bio for other ways to stay connected
NYSE:SNOWLong
by RonnieV29
8
Snowflake(SNOW) - Are We on the Verge of a Significant Breakout?Snowflake Inc. NYSE:SNOW - Are We on the Verge of a Significant Breakout? Snowflake (SNOW) stock is approaching a critical level in the short term**, facing a possible breakout above the 126.99$ resistance level. Snowflake is a company that provides a cloud-based data platform for businesses, enabling large-scale data storage, management, and analysis. 📊 Key Analysis Points: - Historical Resistance Level : 126.99$ - a critical level that has previously acted as resistance. - Entry Opportunity : If we see a confirmed breakout above 126.99$ with strong trading volume. - Stop-Loss: Setting a stop-loss below the breakout level, around 126$, to protect against a failed breakout. - Initial Profit Target: 135.72$ - another historical resistance level that could serve as a short-term profit target. - Additional Resistances: If the upward trend continues, consider 146.46$ and 168.80$ as possible profit targets. 🔍 Summary The stock is at a key level, and a breakout above 126.99$ could signal further upward movement, as long as the conditions are met and trading volume supports the move. We’ll keep a close watch on price action and volume to see if the breakout holds. --- Disclaimer: This analysis is for educational purposes only and does not constitute investment advice. Please conduct independent research and manage your risks accordingly.
NYSE:SNOWLong
by Yahav8
Snowflake ($SNOW) Nearing Target, but a Pullback PossibleNYSE:SNOW is targeting the Cup & Handle breakout level of $146.46, a potential 15.6% gain. While Bitcoin’s moves could help boost NYSE:SNOW , the oversold CCI suggests it might first dip to test support. Cup & Handle Breakout – Strong setup with a target at $146.46. Bitcoin Correlation – Bitcoin's momentum could push NYSE:SNOW toward the target sooner. CCI Oversold – CCI signals a possible pullback to support levels before another push. SMA 150 Resistance – SMA 150 is a key level above, acting as potential resistance. With earnings on Nov. 20, NYSE:SNOW ’s path to the target might include a quick dip before the next move up.
NYSE:SNOWLong
by GarryBlack
$SNOW: Channel Breakout 1. Overall Trend: The stock has been in a downward trend, as indicated by the descending channel (blue lines) on the chart. 2. Channel Breakout: Recently, the price appears to be breaking out of the upper boundary of the descending channel, which could potentially signal a trend reversal or at least a short-term bullish move. In summary, while SNOW has been in a downtrend for several months, recent price action suggests a potential bullish turn. Traders and investors would likely be watching closely to see if this breakout is sustained and if it leads to a new uptrend or merely a temporary reversal within the larger downtrend.
NYSE:SNOWLong
by SinghStrategist
$SNOW (Snowflake) | Long Analysis/ThesisNYSE:SNOW is primed for upside with a strong support level formed around $109 (indicated on chart). We are expecting these 3 upside price levels to be significant points of resistance in the coming weeks, however the $120 strike options will prosper as we approach the $145 level and will be the first to get cut. Remember: This is a great name that got unfairly beaten down. My good friend StockSavvyShay (on X) has written extensively as to how they've improved their business. These are some of his main thoughts to consider: Snowflake is enhancing its governance capabilities with Snowflake Horizon, a comprehensive cross-cloud governance model designed to simplify the management of complex data ecosystems. This solution offers integrated compliance, security, privacy, interoperability, and access features, allowing customers to efficiently manage data across various platforms and teams. Key enhancements include: - Achieving additional compliance certifications such as the UK's Cyber Essentials Plus and the FBI's CJIS Security Policy, ensuring top-tier security and privacy for public sector data. Introducing Data Quality Monitoring, which simplifies the tracking and improvement of data quality metrics. - Launching a Data Lineage UI that visualizes the impact of upstream changes on downstream data, enhancing data management transparency. - Developing Differential Privacy Policies to protect sensitive data without compromising individual record security. - Enhancing data classification with custom classifiers and a new UI-based workflow, supporting better data organization. - Rolling out the Trust Center for centralized security and compliance monitoring, helping to reduce costs and prevent risk escalations. In addition, Snowflake is improving cost management with a new Cost Management Interface, which provides a unified view of spend metrics across clouds and regions. This tool offers greater visibility into account-level usage, configurable spend views, and actionable recommendations to optimize resource allocation. These advancements strengthen Snowflake's position as a leader in data governance and cost management, providing customers with effective tools to streamline operations and enhance efficiency. RISKS: Convertible debt back in September leads me to believe that they are willing to decelerate growth and buy back their stock at a hefty multiple - this does give me cause for concern. However, the fact that price has held - despite this news gives the power to the bulls.
NYSE:SNOWLong
by PennyBois
Top 5 Weekly Trade Ideas #1 - SNOW Bear FlagSNOW has been pretty choppy lately if you ask me, but I do see some opportunity if it finally moves off of this area it's been at since the last earnings dump. Nice looking bear flag here on the 4hr. I like puts with a stop above the bear flag, you could also wait for a downside break for more confirmation to enter. First downside target would be the previous all time low around 110. Final target is the flag pole projected target. I chose 95 for a nice whole number, it's hard to pick a target when a stock is making new all time lows, so I'll just be looking to scale out on any drops and see if it can hit 95 if I enter the trade.
NYSE:SNOWShort
by AdvancedPlays
1
$SNOW Breakout on the HorizonSnowflake (A.I. data storage) NYSE:SNOW , has been trading in VERY tight range for over a month that is much smaller than its normal expected move, which is insane. 1. If it’s at a major support, than its breakout is to the upside (which I’m inclined to believe) 2. If there some crazy news about AI data storage, than it could break below the support. I am more inclined to believe it’s the former. The point of control on the volume profile is $155-$160/share, so that’s where it is likely heading if it breaks out upward. NYSE:SNOW
NYSE:SNOWLong
by jgeno
Snoflake [SNOW] Wyckoff Bullish PatternsVery fundamental company. The last consolidation after very large drops is a good prognosis for an upward exit. It is necessary to focus on Wyckoff Wave Volume, which decreases at the bottoms. This means a decrease in selling pressure. There were two shafts with a very large purchase volume and a wave marked with volume 200. It was a very large sale that did nothing to the price. This sale was absorbed by buyers. This security has typical accumulation features. In my opinion, it is on BUY with a target of $ 140/150 For more analyses using price and volume and the Wyckoff method, subscribe to the profile
NYSE:SNOWLong
by VolumeDayTrader