SNAP-ON INC (SNA) Stock Technical Analysis
USA - NYSE:SNA - US8330341012 - Common Stock
Taking everything into account, SNA scores 6 out of 10 in our technical rating. 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 342.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 341.01, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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302.38
4 important support areas can be observed.
- A support zone ranging from 334.89 to 341.01. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 321.38 to 325.97. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @313.01 from a horizontal line in the daily time frame.
- Support @305.43 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 342.84 to 344.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 355.15 to 358.62. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | SNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNA is above 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) | DOWN | MIXED | The current price of SNA is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.83 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests SNA has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.42 | NEUTRAL | The Stochastics value for SNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for SNA suggests some volalility. |
| Average Directional Index/ADX (14) | 17.6 | 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 |
|---|---|---|---|
| 344.90 | 334.88 | 10.02 (2.91%) | 25.00% |
| An entry @344.90. This is a Buy Stop order right above the resistance zone. | An exit @334.88. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 10.02 points, which is 2.91%. | For a 0.73% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
341.35
-1.4 (-0.41%)
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.
What is the current trend direction of SNAP-ON INC (SNA) stock?
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 53.8307. This indicates that the stock is currently neutral.
What is the short term momentum for SNA stock?
The short term momentum for SNAP-ON INC (SNA) is neutral.