SNAP-ON INC (SNA) Stock Technical Analysis
USA - NYSE:SNA - US8330341012 - Common Stock
347.42 USD
-1.71 (-0.49%)
347.42 USD
0 (0%)
We assign a technical rating of 9 out of 10 to SNA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SNA is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SNA is one of the better performing stocks in the market, outperforming 75% of all stocks.
SNA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SNA is lagging the market slightly.
In the last month SNA has a been trading in the 321.68 - 350.30 range, which is quite wide. It is currently trading near the high of this range.
SNA is part of the Machinery industry. There are 129 other stocks in this industry, SNA did better than 67% of them.
SNA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 342.89, a Stop Loss order could be placed below this zone.
More info and screens
302.38
350.89
When analyzing the support we can see 4 important areas.
- A support zone ranging from 329.13 to 342.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 320.92 to 322.09. 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.
- 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.
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 | UP | POSITIVE | The short term trend for SNA is up. |
| ChartMill Relative Strength | 75.28 | POSITIVE | SNA has a high relative strength, it outperformed 75.28% off all stocks 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) | 63.67 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.91 | POSITIVE | The MACD value suggests SNA has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.66 | OVERBOUGHT | The high Stochastics value suggests SNA may be overbought. |
| Average True Range in percent/ATR (20) | 1.71 | LOW VOLATILITY | The low ATR as a percentage value for SNA suggests low volalility. |
| Average Directional Index/ADX (14) | 23.06 | NEUTRAL | The ADX value for SNA suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 350.31 | 333.77 | 16.55 (4.72%) | 21.17% |
| An entry @350.31. This is a Buy Stop order right above the 10 day high. | An exit @333.76. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 16.55 points, which is 4.72%. | When investing 21.17% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
347.42
-1.71 (-0.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-0.49%
1 Week1.61%
2 Weeks3.02%
1 Month5.7%
3 Month8.02%
6 Month10.3%
12 Month21.16%
2 Year34.69%
3 Year56.46%
5 Year120.54%
10 Year109.43%
15 Year581.22%
Volatility
ATR(14)5.73
ATR(20)%1.71%
ATR Inc-6.72%
Range Today3.44
ADR(20)5.82
ADR(20)%1.68%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.28
Mansfield-0.66
10 Day High350.3
10 Day Low333.78
20 Day High350.3
20 Day Low321.68
52 Week High373.9
52 Week Low284.38
CS1 End342.89
CR1 StartN/A
Volume & EV
DER(3)0.21%
DER(5)-0.14%
Volume233.20K
Volume Incr4.62%
Vol(5)318.62K
Vol(50)274.82K