SNAP-ON INC (SNA) Stock Technical Analysis
USA - NYSE:SNA - US8330341012 - Common Stock
Taking everything into account, SNA scores 5 out of 10 in our technical rating. SNA has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, SNA does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 337.67. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 331.92, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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.
More info and screens
249.82
We found 3 important support areas.
- A support zone ranging from 313.01 to 331.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 305.43 to 305.44. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @252.34 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 337.67 to 342.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 | NEUTRAL | NEUTRAL | The long term trend for SNA is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNA is neutral. |
| ChartMill Relative Strength | 69.25 | 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) | 58.95 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.4 | POSITIVE | The MACD value suggests SNA has a positive trend. |
| Stochastics (14,3) | 67.78 | NEUTRAL | The Stochastics value for SNA is a neutral value. |
| Average True Range in percent/ATR (20) | 1.63 | LOW VOLATILITY | The low ATR as a percentage value for SNA suggests low volalility. |
| Average Directional Index/ADX (14) | 13.33 | NEGATIVE | The low ADX value for SNA suggests a weak or negative trend. |
333.59
+1.61 (+0.48%)