Snowflake Inc.
Here’s whether Snowflake Inc. (SNOW) is worth buying in 2026 — based on weekly-updated price trend, RSI momentum, and return vs. the S&P 500. Our current read: Bearish.
Positives: RSI 43 — healthy momentum range. Concerns: trading below the 200-day MA (long-term downtrend); below the 50-day MA (medium-term momentum negative); 50-day MA is falling (-6.59% over 10 days); 3-month momentum negative (-31.6%); rising volume on a downtrend (distribution, 1.57x avg). Currently 48.7% off its 52-week high. Score: -4/7.
SNOW is trading below its 200-day MA ($210.74) — a key warning sign the longer-term trend is under pressure. An RSI of 43.1 sits in the neutral zone — momentum is neither stretched nor exhausted. The 1-year return of -1.4% compares to +35.1% for SPY (trailed the market by 36.5%). The current 48.7% drawdown from the 52-week high reflects elevated risk for momentum-based strategies.