SNAP-ON INC (SNA) Stock Technical Analysis
USA - NYSE:SNA - US8330341012 - Common Stock
We assign a technical rating of 3 out of 10 to SNA. In the last year, SNA was a bad performer. We also see some doubts in the very recent evolution, but in the medium term things still look positive.
SNA has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 336.27, 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.
More info and screens
302.38
4 important support areas can be observed.
- A support zone ranging from 334.89 to 336.27. 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 338.95 to 344.89. This zone is formed by a combination of multiple trend lines and important moving averages 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 | DOWN | NEGATIVE | The short term trend for SNA is down. |
| ChartMill Relative Strength | 39.13 | 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) | 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) | 48.64 | NEUTRAL | The RSI value for SNA is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.85 | NEGATIVE | The MACD value suggests SNA has a negative trend. |
| Stochastics (14,3) | 31.67 | NEUTRAL | The Stochastics value for SNA is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SNA suggests some volalility. |
| Average Directional Index/ADX (14) | 18.86 | NEGATIVE | The low ADX value for SNA suggests a weak or negative trend. |
337.78
+2.23 (+0.66%)
SNAP-ON INC / SNA FAQ
Can you provide the ChartMill technical rating for SNAP-ON INC?
ChartMill assigns a technical rating of 3 / 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 48.6368. 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 negative.
Can you provide the buy/sell signal for SNAP-ON INC?
The buy/sell signal for SNAP-ON INC (SNA) is hold as the short term and long term trends are mixed.