Orenth
Checked through the day · updated 5h ago

Snowflake (SNOW): buy, wait or avoid?

How sure is it?

Found this setup 118 times before. It worked 25 of them.

When it worked it made about 1.5 times what you put at risk. When it did not, it usually lost about 62% of what you put at risk, not all of it, because the trade is closed rather than left to run. To come out even it needed to work 34 of those 118 times, so this has not been shown to make money.

Price $306.08 · daily bars · checked 5h ago

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Which strategies worked on SNOW

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Each one back-tested on SNOW's own daily prices, after trading costs.

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Analysing
Fetching data, running 34 strategies, and back-testing each one against this instrument's own history.