SNAP-ON INC. - Daily - Technical analysis published on 09/26/2019 (GMT)
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- 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
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
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.
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:
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:
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:
Bearish engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| 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 |
|---|---|---|---|---|---|---|---|
| Standard | 148.61 | 150.63 | 151.99 | 154.01 | 155.37 | 157.39 | 158.75 |
| Camarilla | 152.42 | 152.73 | 153.04 | 153.35 | 153.66 | 153.97 | 154.28 |
| Woodie | 148.28 | 150.47 | 151.66 | 153.85 | 155.04 | 157.23 | 158.42 |
| Fibonacci | 150.63 | 151.92 | 152.72 | 154.01 | 155.30 | 156.10 | 157.39 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 143.24 | 148.56 | 152.13 | 157.45 | 161.02 | 166.34 | 169.91 |
| Camarilla | 153.27 | 154.08 | 154.90 | 155.71 | 156.53 | 157.34 | 158.16 |
| Woodie | 142.38 | 148.12 | 151.27 | 157.01 | 160.16 | 165.90 | 169.05 |
| Fibonacci | 148.56 | 151.95 | 154.05 | 157.45 | 160.84 | 162.94 | 166.34 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 130.73 | 136.47 | 142.57 | 148.31 | 154.42 | 160.16 | 166.26 |
| Camarilla | 145.42 | 146.51 | 147.59 | 148.68 | 149.77 | 150.85 | 151.94 |
| Woodie | 130.91 | 136.56 | 142.76 | 148.41 | 154.60 | 160.25 | 166.45 |
| Fibonacci | 136.47 | 140.99 | 143.79 | 148.31 | 152.84 | 155.63 | 160.16 |
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% |
News
The last news published on SNAP-ON INC. at the time of the generation of this analysis was as follows:
- Snap-on to Present at CL King 2019 Best Ideas Conference
- Snap-on Incorporated Announces $500 Million Share Repurchase Authorization
- Snap-on Incorporated Declares Quarterly Dividend
- Research Report Identifies Chubb, DXC Technology, Medtronic, Snap-On, Euronet Worldwide, and Itron with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement
- Snap-on Incorporated to Host Earnings Call
This member declared not having a position on this financial instrument or a related financial instrument.
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