SNAP ONE HOLDINGS CORP (SNPO) Stock Technical Analysis
USA - NASDAQ:SNPO - US83303Y1055 - Common Stock
Taking everything into account, SNPO scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, SNPO has proven to be a steady performer, scoring decent points in every aspect analyzed.
SNPO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 10.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.74, 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
7.01
3 important support areas can be observed.
- A support zone ranging from 10.42 to 10.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.25 to 7.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 10.76 to 10.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @11.92 from a horizontal line in the weekly 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 | UP | POSITIVE | The long term trend for SNPO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SNPO is up. |
| ChartMill Relative Strength | 93.5 | POSITIVE | SNPO has a high relative strength, it outperformed 93.5% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNPO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNPO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNPO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.83 | NEUTRAL | The RSI value for SNPO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SNPO has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 86.57 | OVERBOUGHT | The high Stochastics value suggests SNPO may be overbought. |
| Average True Range in percent/ATR (20) | 0.3 | LOW VOLATILITY | The low ATR as a percentage value for SNPO suggests low volalility. |
| Average Directional Index/ADX (14) | 37.59 | POSITIVE | The high ADX value value for SNPO suggests a strong 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 |
|---|---|---|---|
| 10.77 | 10.71 | 0.06 (0.56%) | 25.00% |
| An entry @10.77. This is a Buy Stop order right above the resistance zone. | An exit @10.71. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.06 points, which is 0.56%. | For a 0.14% 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.
10.75
+0.01 (+0.09%)
SNAP ONE HOLDINGS CORP / SNPO FAQ
What is the ChartMill technical rating of SNAP ONE HOLDINGS CORP (SNPO) stock?
ChartMill assigns a technical rating of 9 / 10 to SNPO.
Can you provide the trend direction for SNAP ONE HOLDINGS CORP?
The current trend direction for SNAP ONE HOLDINGS CORP (SNPO) is Bullish.
Can you provide the RSI signal for SNAP ONE HOLDINGS CORP?
SNAP ONE HOLDINGS CORP (SNPO) has an RSI value of 66.8259. This indicates that the stock is currently neutral.
What is the short term momentum for SNAP ONE HOLDINGS CORP (SNPO) stock?
The short term momentum for SNAP ONE HOLDINGS CORP (SNPO) is positive.
What are the support and resistance levels for SNAP ONE HOLDINGS CORP (SNPO) stock?
SNAP ONE HOLDINGS CORP (SNPO) has a support level at 10.74 and a resistance level at 10.76. Check the full technical report for our detailed analysis of SNPO support and resistance levels.