SNAP-ON INC.
SNAP-ON INC.
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: SNA
ISIN:

SNAP-ON INC. - Daily - Technical analysis published on 09/26/2019 (GMT)

  • 253
  • 0
  • Who voted?
Oops, I was wrong about that analysis. My threshold for invalidation has been broken.
Click here for a new analysis!
  • Timeframe : Daily
  • - Analysis generated on
  • Status : INVALID

Summary of the analysis

Trends
Court terme: Strongly bullish
De fond: Slightly bullish
Technical indicators
33%
22%
44%
My opinion
Bullish above 155.13 USD
My targets
162.89 USD (+4.69%)
167.89 USD (+7.91%)
My analysis
SNAP-ON INC. is currently trying to strengthen its basic trend with a very bullish short term. As long as the price remains above 155.13 USD, traders may consider taking advantage of this bullish acceleration and setting themselves to trade only long positions (at the time of purchase). Buyers will encounter the resistance at 162.89 USD. A bullish break in this resistance would confirm a continuation of the bullish acceleration. The next resistance located at 167.89 USD would then be the next bullish objective for buyers. Crossing it would then enable buyers to target 171.41 USD. Beware of a possible return to under the support located at 155.13 USD which would be the sign of a correction of the bullish excesses registered in the short term.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
FORCE
0
10
2.9

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis

Quotes

SNAP-ON INC. rating 155.59 USD. The price has increased by +1.46% since the last closing and was between 152.80 USD and 156.10 USD. This implies that the price is at +1.83% from its lowest and at -0.33% from its highest.

152.80
156.10
155.59

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

Bearish opening

Type : Bearish

Timeframe : Openning



A study of price movements over other periods shows the following variations:

Technical


Technical analysis of this Daily chart of SNAP-ON INC. indicates that the overall trend is slightly bullish. Only 57.14% of the signals given by moving averages are bullish. This slightly bullish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators scanner detects bearish signals on moving averages that could impact this trend:

Central Indicators

Bearish price crossover with Moving Average 20

Type : Bearish

Timeframe : Daily


Bearish price crossover with adaptative moving average 50

Type : Bearish

Timeframe : Daily



The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily


RSI indicator is back under 50

Type : Bearish

Timeframe : Daily


MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily


SuperTrend indicator bearish reversal

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Daily


Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish engulfing lines

Type : Bearish

Timeframe : Daily




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 141.51 148.90 155.13 155.59 162.89 167.89 171.41
Change (%) -9.05% -4.30% -0.30% - +4.69% +7.91% +10.17%
Change -14.08 -6.69 -0.46 - +7.30 +12.30 +15.82
Level Major Major Major - Minor Intermediate Minor



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard148.61150.63151.99154.01155.37157.39158.75
Camarilla152.42152.73153.04153.35153.66153.97154.28
Woodie148.28150.47151.66153.85155.04157.23158.42
Fibonacci150.63151.92152.72154.01155.30156.10157.39


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard143.24148.56152.13157.45161.02166.34169.91
Camarilla153.27154.08154.90155.71156.53157.34158.16
Woodie142.38148.12151.27157.01160.16165.90169.05
Fibonacci148.56151.95154.05157.45160.84162.94166.34


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard130.73136.47142.57148.31154.42160.16166.26
Camarilla145.42146.51147.59148.68149.77150.85151.94
Woodie130.91136.56142.76148.41154.60160.25166.45
Fibonacci136.47140.99143.79148.31152.84155.63160.16

Numerical data


The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators
Moving averages

RSI (14): 53.09
MACD (12,26,9): 1.3600
Directional Movement: -2.81
AROON (14): 42.86
DEMA (21): 156.52
Parabolic SAR (0,02-0,02-0,2): 162.96
Elder Ray (13): -1.03
Super Trend (3,10): 163.80
Zig ZAG (10): 155.59
VORTEX (21): 1.0600
Stochastique (14,3,5): 34.06
TEMA (21): 157.71
Williams %R (14): -65.18
Chande Momentum Oscillator (20): 3.19
Repulse (5,40,3): 0.5800
ROCnROLL: 1
TRIX (15,9): 0.1700
Courbe Coppock: 8.30
MA7: 155.45
MA20: 154.50
MA50: 151.65
MA100: 156.15
MAexp7: 155.65
MAexp20: 154.71
MAexp50: 153.88
MAexp100: 155.07
Price / MA7: +0.09%
Price / MA20: +0.71%
Price / MA50: +2.60%
Price / MA100: -0.36%
Price / MAexp7: -0.04%
Price / MAexp20: +0.57%
Price / MAexp50: +1.11%
Price / MAexp100: +0.34%

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Online

Overall rating :
15884
Number of analyses :
Followers :
0
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…

Add a comment

Comments

0 comments on the analysis SNAP-ON INC. - Daily