Snowflake Raises Annual Product Revenue Forecast and Signs $6 Billion Deal with AWS
📊 SNOW — Piyasa Yorumu
▲ up · 70%The news can be considered a positive development that strengthens Snowflake's growth potential. The upward revision of the annual product revenue forecast and the $6 billion agreement with AWS solidify the company's position in the cloud market. Technically, the stock has risen 6.2% in the last 24 hours, and with an RSI of 57, it continues its upward trend without entering overbought territory. Although the MACD is below the signal line, it remains in positive territory, suggesting that momentum could continue in the short term. However, the price being close to the 20-day moving average increases the risk of encountering resistance at this level. Therefore, while the upward trend is strong, some consolidation may occur in the short term.
📊 GOOGL — Piyasa Yorumu
■ neutral · 30%While Snowflake's strong growth signal may be noted, it is not a development that will directly impact GOOGL. On the technical indicators, the RSI is neutral at 50, while the MACD gives a positive but weak buy signal. The price is trapped between the SMA20 and SMA50, making it difficult to determine a clear short-term direction. Therefore, a sideways trend can be expected in the near term.