SNAP-ON INC (SNA) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:SNA - US8330341012 - Common Stock
Overall SNA gets a technical rating of 6 out of 10. Although SNA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although the technical rating is only medium, SNA does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 337.07, a Stop Loss order could be placed below this zone.
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302.38
When analyzing the support we can see 3 important areas.
- A support zone ranging from 334.04 to 337.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @321.38 from a horizontal line in the daily time frame.
- A support zone ranging from 305.43 to 305.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 348.59 to 355.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for SNA is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNA is neutral. |
| ChartMill Relative Strength | 48.04 | NEUTRAL | SNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNA is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNA is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNA is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.94 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests SNA has a negative trend. |
| Stochastics (14,3) | 40.08 | NEUTRAL | The Stochastics value for SNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.53 | LOW VOLATILITY | The low ATR as a percentage value for SNA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.41 | NEGATIVE | The low ADX value for SNA suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 349.28 | 343.62 | 5.66 (1.62%) | 25.00% |
| An entry @349.28. This is a Buy Stop order right above the 10 day moving average. | An exit @343.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.66 points, which is 1.62%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SNA. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
344.6
-5.07 (-1.45%)
SNAP-ON INC / SNA FAQ
Can you provide the ChartMill technical rating for SNAP-ON INC?
ChartMill assigns a technical rating of 6 / 10 to SNA.
Can you provide the trend direction for SNAP-ON INC?
The current trend direction for SNAP-ON INC (SNA) is Bullish.
What is the RSI signal for SNA stock?
SNAP-ON INC (SNA) has an RSI value of 46.9432. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SNAP-ON INC?
The short term momentum for SNAP-ON INC (SNA) is neutral.