Snap-on Stock Forecast

Buy candidate since Jul 17, 2025

The Snap-On Incorporated stock price gained 7.92% on the last trading day (Thursday, 17th Jul 2025), rising from $313.01 to $337.80. During the last trading day the stock fluctuated 4.29% from a day low at $327.82 to a day high of $341.87. The price has been going up and down for this period, and there has been a 5.53% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 325 thousand more shares were traded than the day before. In total, 739 thousand shares were bought and sold for approximately $249.79 million.

The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. $334.75 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach $362.44 sometime during the next 3 months.

SNA Signals & Forecast

Mostly positive signals in the chart today. The Snap-On Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $319.92 and $316.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 20, 2025, and so far it has risen 10.47%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.

Support, Risk & Stop-loss for Snap-On Incorporated stock

On the downside, the stock finds support just below today's level from accumulated volume at $320.75 and $305.79. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Snap-On Incorporated finds support just below today's level at $320.75. If this is broken, then the next support from accumulated volume will be at $305.79 and $292.36.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $14.06 between high and low, or 4.29%. For the last week the stock has had daily average volatility of 2.38%.

Our recommended stop-loss: $320.64 (-5.08%) (This stock has very low daily movements and this gives very low risk. There is a buy signal from a pivot bottom found 18 days ago.)

Trading Expectations (SNA) For The Upcoming Trading Day Of Friday 18th

For the upcoming trading day on Friday, 18th we expect Snap-On Incorporated to open at $335.83, and during the day (based on 14 day Average True Range), to move between $334.19 and $341.41, which gives a possible trading interval of +/-$7.22 (+/-2.16%) up or down from last closing price. If Snap-On Incorporated takes out the full calculated possible swing range there will be an estimated 2.16% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $320.75, some $17.05 (5.05%) from the current price of $337.80, our system finds the risk reward attractive.

Is Snap-On Incorporated stock A Buy?

Snap-On Incorporated holds several positive signals and has broken the horizontal trend up. As the stock is in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.

Current score: 6.671 Strong Buy Candidate Upgraded

Predicted Fair Opening Price

Predicted fair opening price on July 18, 2025 - $335.83 ( 0.584%).

Want to trade but not sure how? Our step-by-step guide can help.
Skip the guide? Open account with our trusted broker*