Buying pressure lifts Snowflake higher in today trading

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Snowflake rises 2.98% today to $165.87

Highlights

Snowflake is forecast to report Q4 2026 revenue of $1.25 billion, up 27% year-over-year, but is not expected to achieve GAAP profitability.
The company expanded its Cortex Code AI platform, launched a monthly subscription model, and announced a $200 million AI partnership with OpenAI alongside deals with Wolfspeed and Team USA.
Snowflake shares at $165.87 remain below all key moving averages, with bearish momentum dominant; critical support is at $153.54 and resistance at $175.40 and $189.22.

Earnings anticipation intensifies as new AI deals shift sentiment

Snowflake is scheduled to report fourth quarter earnings after market close on February 25, 2026, with analysts expecting a 27% year-over-year revenue increase to $1.25 billion and a narrower loss per share, though GAAP profitability is not anticipated. In the lead-up, the company has expanded its Cortex Code AI platform with new coding tools and launched a monthly subscription model for select services. Multiple strategic partnerships have been announced, including a $200 million deal with OpenAI to embed AI models within its platform, alongside new agreements with Wolfspeed and Team USA.

Anton Kharitonov, expert at Traders Union, sees persistent weakness in Snowflake’s price action. He notes the stock is still below all major moving averages, with technical indicators confirming a deeply bearish setup. Kharitonov acknowledges the recent uptick but stresses that news flow — including product launches and strategic partnerships — has failed to reverse sentiment or attract sustained buying. He highlights the historically high likelihood of further decline, and sees the risk of breaking below $153.54 as significant. "Despite today’s bounce and positive headline news, sellers remain firmly in control, and I would stay defensive until there is proof of a structural reversal," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, emphasizes Snowflake’s strong growth outlook. He highlights the projected 27% revenue increase and key AI partnerships as signs of sustained demand and future potential. Karapetjanc sees recent business developments, such as the OpenAI deal and Cortex Code platform expansion, as setting a bullish structure for later. He expects that as market sentiment improves, these strategic moves may translate into renewed upside. "With robust fundamentals taking shape and innovation accelerating, I see further growth opportunities unfolding for Snowflake," says Karapetjanc.

Parshwa Turakhiya, analyst, notes that Snowflake is showing oversold technicals with momentum to the downside. He points out that today’s gains offer a short-term stabilization window but do not yet confirm a bullish reversal. Turakhiya observes that sentiment remains cautious ahead of earnings as traders weigh macro pressures against positive news on partnerships. "In this environment, I’m watching for a high-conviction play only if price clearly breaks out of the present range and confirms a new trend," says Turakhiya.

Oversold signals diverge from subdued recovery amid entrenched resistance

Snowflake’s share price of $165.87 remains well below its short- ($179.56), medium- ($202.77), and long-term ($218.48) moving averages, indicating pronounced bearish pressure across all timeframes. The nearest dynamic resistance is seen at the Ichimoku Kijun level near $189.22, while short-term support remains undefined below the current price. Momentum indicators, including the MACD and ADX, align to the downside, highlighting prevailing selling strength. Daily and weekly RSI, CCI, and BBP point to oversold conditions, with a negative BBP suggesting sellers continue to dominate the intraday action. The Awesome Oscillator also confirms this bearish momentum. Today, the share price is up 2.98% or $4.81, opening just slightly lower than the previous close (no significant gap), and currently sits at the midpoint of today’s trading range, indicating moderate volatility with a tone of stabilization after the early session. While there has been an uptick today, the overall momentum backdrop remains weak, revealing a divergence between oversold conditions and the lack of substantive bullish signals.

Last time, analysts noted that Snowflake Inc. continues to exhibit strong bearish momentum, trading well below key moving averages with technical indicators such as MACD, ADX, and RSI signaling persistent downside pressure and near-oversold conditions. The nearest resistance remains at the Ichimoku Kijun, and with no significant support above recent lows, the risk of further declines persists despite a modest intraday rebound.

Source of Data: SNOW Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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