SNAP-ON INC (SNA) Stock Technical Analysis
NYSE:SNA - New York Stock Exchange, Inc. - US8330341012 - Common Stock - Currency: USD
Overall SNA gets a technical rating of 1 out of 10. SNA has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
In the last month SNA has a been trading in the 310.23 - 342.57 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the performance of all stocks over the past year, SNA turns out to be only a medium performer in the overall market: it outperformed 61% of all stocks.
SNA is an average performer in the Machinery industry, it outperforms 55% of 128 stocks in the same industry.
SNA is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SNA is lagging the market slightly.
Although the technical rating is bad, SNA does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 315.06, a Stop Loss order could be placed below this zone.
More info and screens
249.82
346.27
When analyzing the support we can see 3 important areas.
- A support zone ranging from 311.84 to 315.06. This zone is formed by a combination of multiple trend lines 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 2 important areas.
- A resistance zone ranging from 319.31 to 326.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 335.45 to 342.84. 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 | NEUTRAL | NEUTRAL | The long term trend for SNA is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for SNA is down. |
| ChartMill Relative Strength | 61.86 | NEUTRAL | SNA is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SNA is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNA is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of SNA is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 44.42 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.13 | NEGATIVE | The MACD value suggests SNA has a negative trend. |
| Stochastics (14,3) | 31.5 | NEUTRAL | The Stochastics value for SNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for SNA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.03 | NEGATIVE | The low ADX value for SNA suggests a weak or negative 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)
317.79
-3.4 (-1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryMachinery
Performance
% Chg-1.06%
1 Week-3.78%
2 Weeks-5.62%
1 Month-1.19%
3 Month0.27%
6 Month-10.52%
12 Month14.83%
2 Year18.31%
3 Year45.87%
5 Year114.33%
10 Year98.9%
15 Year670.77%
Volatility
ATR(14)8.35
ATR(20)%2.4%
ATR Inc-18.19%
Range Today7.11
ADR(20)6.82
ADR(20)%2.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.86
Mansfield-0.78
10 Day High339.08
10 Day Low312.78
20 Day High342.57
20 Day Low310.23
52 Week High373.9
52 Week Low266.56
CS1 End315.06
CR1 Start319.31
Volume & EV
DER(3)-1.16%
DER(5)-0.88%
Volume339.70K
Volume Incr-27.43%
Vol(5)283.40K
Vol(50)354.32K