SNOW: Fresh 52-Week High, But Overbought
$Snowflake(SNOW)$
$277.14 (+0.82%): Fresh 52-wk high on moderate volume; trend intact but short-term stretched, favor buy-the-dip over chasing
Market Recap (as of Oct 31, 2025):
Snowflake closed +0.82% at $277.14, trading in a $273.64–$280.57 intraday range. Volume was about 3.76M vs 5.54M avg (~0.7×), a controlled breakout rather than a blow-off spike.
Shares are up roughly +79% YTD and are now pressing a new 52-week high near $280.6. After-hours indications sit around $274 (mild give-back).
Technical Indicators Analysis:
Price is clearly trending higher above rising short- and medium-term moving averages, with 20-day EMA ≈ $255 and 50-day EMA ≈ $239—a clean bullish stack.
MACD is positive and expanding above the zero line, confirming upside momentum. However, RSI(14) is around 74, firmly in overbought territory, flagging risk of near-term consolidation or pullback even if the broader uptrend remains healthy.
Base case next 1–3 weeks: sideways-to-up pattern with a bias to consolidate gains—either through time (high-level chop) or price (pullback toward EMAs) rather than a straight vertical continuation.
Support / Resistance:
Support:
$253–$255: recent breakout shelf + 20D EMA; first “buy-the-dip” zone.
$239: 50D EMA / prior resistance cluster; important trend support.
$230: October base; only likely on a deeper risk-off shakeout.
Resistance:
$280–$285: current 52-wk high band & psychological level; key near-term supply.
$295–$305: if price can hold above the high-280s on strong volume, this becomes the next upside target range.
Valuation and Target Range:
Market cap is about $94B. With TTM EPS ≈ –4.13, SNOW still trades as a high-growth, loss-making SaaS/AI infrastructure name—traditional P/E is not meaningful here.
Street 1-yr target is around $266, so the stock now trades a few percent above consensus, implying expectations are already rich and leaving less margin for error.
Near-term trading map: prefer buying pullbacks toward $255–$260 for a potential re-test of $280–$285; a sustained breakout above that band opens room toward $295–$305 into/after earnings (Dec 3).
Risk Statement:
SNOW is a high-beta growth stock, very sensitive to rate expectations and sentiment around cloud/AI spending. Earnings and guidance changes can trigger large gaps that slice through technical levels quickly.
This is technical commentary only, not investment advice—use strict position sizing and risk management.
Data Source: Yahoo Finance & TradingView (daily chart, Oct 31, 2025). Prepared by Tiger Morning Brief | For internal use only.
For SG users only, a tool to boost your purchasing power and trading ideas with a Cash Boost Account!
Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with upcoming 0-commission, unlimited trading on SG, HK, and US stocks, as well as ETFs. Find out more here.
Other helpful links:
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
