Let's check out the charts and see what they say.
In the daily bar chart of SNOW, below, we can see that the shares have been in a downward trend since early December. Prices are now testing the declining 50-day moving average line.
The On-Balance-Volume (OBV) line has been in a similar decline and tells me that sellers of SNOW have been more aggressive with heavier trading volume being traded on days that SNOW has traded lower.
The 12-day price momentum study shows higher lows from late December as prices have made lower lows. This is a bullish divergence and could foreshadow a rally in the days and weeks ahead.