--- title: "Snowflake Stock Is Rising Despite Weak Macro Backdrop" type: "News" locale: "en" url: "https://longbridge.com/en/news/286959122.md" description: "Snowflake Inc (NYSE:SNOW) shares rose 3.95% to $170.73 on Tuesday, despite a 0.2% decline in Technology and a 0.4% drop in the S&P 500. Citizens maintained a Market Outperform rating and a $325 price target. While short-term momentum is improving, the stock remains below key moving averages, indicating a potential rebound within a larger downtrend." datetime: "2026-05-19T19:10:15.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286959122.md) - [en](https://longbridge.com/en/news/286959122.md) - [zh-HK](https://longbridge.com/zh-HK/news/286959122.md) --- # Snowflake Stock Is Rising Despite Weak Macro Backdrop **Snowflake Inc** (NYSE:SNOW) shares are rising on Tuesday even while Technology slipped 0.2% and the S&P 500 fell 0.4%. Citizens Reiterated its rating and maintained its price target. Here’s what you should know. - Snowflake stock is surging to new heights today. Why is SNOW stock surging? Citizens analyst **Patrick Walravens** reiterated a Market Outperform rating and maintained its $325 price target in a note published Tuesday morning. ## Snowflake’s Chart: Short-Term Up, Long-Term Still On Probation Technically, Snowflake is improving, but it's not healed. The stock is still 15.7% below its $203.49 200-day SMA and 1.7% below its 100-day SMA at $174.43, even after pushing well above the 20-day SMA at $147.94 and 50-day SMA at $153.86. That's the classic "short-term up, long-term down" structure: a rebound inside a larger downtrend, with the February death cross (50-day falling below the 200-day) still hanging over the setup like a reminder of what went wrong. Momentum indicators are trying to cooperate. MACD is above its signal line and the histogram is positive, typically a sign that downside pressure is easing and buyers are gaining traction versus the prior downswing. But the next test is not subtle: can price reclaim and hold above the 100-day area? Fail there, and what looks like a comeback can quickly become just another lower high. Key levels are already in focus. Resistance sits at $184.50, near the 200-day EMA at $184.94, a zone where rebounds often run out of oxygen. Support is $145, close to the recent rebound area above the 20-day SMA where buyers previously proved they were willing to step in. ## Benzinga Edge Scorecard: Momentum Still Has Work To Do On the Benzinga Edge scorecard, Snowflake's Momentum reads as Weak with a score of 9.95. Even with Tuesday's pop, the broader profile still screens as lagging versus stronger-trending names, consistent with a stock that's bouncing, not yet breaking out. The takeaway is less about one factor label and more about the market's posture: Snowflake is in repair mode. Bulls want proof the rebound can reclaim major moving averages and hold them, rather than fading back into the prior downtrend the moment the next macro wobble hits. ## SNOW Shares Are Soaring **SNOW Price Action:** Snowflake shares were up 3.95% at $170.73 at the time of publication on Tuesday, according to Benzinga Pro. **Read Also: Stock Market Today: S&P 500, Nasdaq 100 Futures Slip As Inflation Fears Grip Wall Street—XP, Atmos Energy, GE Aerospace In Focus** _Image: Grand Warszawski/Shutterstock_ ### Related Stocks - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [SNOY.US](https://longbridge.com/en/quote/SNOY.US.md) - [SNOU.US](https://longbridge.com/en/quote/SNOU.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [CFG.US](https://longbridge.com/en/quote/CFG.US.md) - [XP.US](https://longbridge.com/en/quote/XP.US.md) - [ATO.US](https://longbridge.com/en/quote/ATO.US.md) - [GE.US](https://longbridge.com/en/quote/GE.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [CFG-I.US](https://longbridge.com/en/quote/CFG-I.US.md) - [CFG-E.US](https://longbridge.com/en/quote/CFG-E.US.md) - [CFG-H.US](https://longbridge.com/en/quote/CFG-H.US.md) ## Related News & Research - [11:45 ETDataRadar™ Expands Platform with Native Data Quality and Cost Optimization App on Snowflake Marketplace](https://longbridge.com/en/news/286941028.md) - [Wall Street Is Starting To Warm Up To Snowflake Again](https://longbridge.com/en/news/286284956.md) - [I've been wrong about this tech stock for years, but I've finally bought shares](https://longbridge.com/en/news/286592097.md) - [The Macro Charts That Make Us Nervous](https://longbridge.com/en/news/286648683.md) - [North Dakota State Investment Board Takes Position in Snowflake Inc. $SNOW](https://longbridge.com/en/news/286749499.md)