Snowflake Inc. (SNOW) stock price recorded strong and surprising gains in its latest intraday trading, creating a bullish price gap accompanied by a significant increase in trading volume, signaling the strength of this new positive trend dominating the stocks movement, especially with continued dynamic support from trading above its 50-day SMA. In addition, positive signals continue to emerge from the Stochastic indicators despite their stability in deeply overbought territory.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $205.50 support level, targeting the key resistance level at $280.65.

Todays price forecast: Bullish.