1. Negative divergence in MACD, RSI, and stochastics indicates a potential top and major reversal. 2. Mixed recent earnings with revenue growth and EPS reaching three-year lows. 3. Valuation seems excessive with a high P/S ratio relative to revenue growth and peers. 4. Both technical and fundamental setups are unappealing, suggesting a sell for Snowflake stock.
Related Articles
- Affirm: Minimal Gains Expected From Here (Technical Analysis)6 months ago
- Energy Transfer Is Only A Hold For Now (Technical Analysis)7 months ago
- Super Micro Computer: Bears Run For Cover, As Bulls Pull The Trigger (Technical Analysis)8 months ago
- Micron: Bottom Fishing The Buy Signals (Technical Analysis)10 months ago
- AMD: A Pullback Is Imminent (Technical Analysis)10 months ago
- High Yielding Pfizer Looks Bullish (Technical Analysis)12 months ago
- Apple's AI Pivot Changes Everything (Rating Downgrade)about 7 hours ago
- Are We Still In A Bull Market?2 days ago
- A Clawback To Flat4 months ago
- NuScale Power: The Bottom Isn't In Yet (Technical Analysis)4 months ago