RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SNA
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Stronger technical forecast for Snap-On Incorporated stock price after Tuesday trading.
(Updated on Feb 27, 2024)


Hold candidate since Feb 27, 2024 PDF
The Snap-On Incorporated stock price gained 0.94% on the last trading day (Tuesday, 27th Feb 2024), rising from $271.21 to $273.76. During the last trading day the stock fluctuated 1.12% from a day low at $271.03 to a day high of $274.06. The price has risen in 7 of the last 10 days and is up by 2.25% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 67 thousand more shares were traded than the day before. In total, 268 thousand shares were bought and sold for approximately $73.44 million.

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The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.68% during the next 3 months and, with a 90% probability hold a price between $253.90 and $284.92 at the end of this 3-month period.

SNA Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, February 13, 2024, and so far it has risen 4.45%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Snap-On Incorporated stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $280.50. On a fall, the stock will find some support from the short-term average at $270.36. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Snap-On Incorporated finds support from accumulated volume at $269.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $3.03 between high and low, or 1.12%. For the last week, the stock has had daily average volatility of 1.14%.

Our recommended stop-loss: $259.14 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (SNA) For The Upcoming Trading Day Of Wednesday 28th

For the upcoming trading day on Wednesday, 28th we expect Snap-On Incorporated to open at $272.95, and during the day (based on 14 day Average True Range), to move between $269.09 and $278.43, which gives a possible trading interval of +/-$4.67 (+/-1.71%) up or down from last closing price. If Snap-On Incorporated takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $269.04 (1.72%) than the resistance at $286.28 (4.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Snap-On Incorporated stock A Buy?

Snap-On Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.019 Open Broker Account

Hold/Accumulate Upgraded

Predicted Opening Price for Snap-On Incorporated of Wednesday, February 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Fair opening price February 28, 2024 Current price
$272.95 ( 0.296%) $273.76

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Fibonacci Support & Resistance Levels

Level Price
Resistance R3 275.98 0.81 %
R2 274.82 0.388 %
R1 274.11 0.127 %
Current price: 273.76
Support S1 271.79 -0.719 %
S2 271.08 -0.98 %
S3 269.92 -1.40 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 290.05 5.95 %
R2 288.55 5.40 %
R1 286.28 4.57 %
Current price 273.76
Support S1 269.04 -1.72%
S2 266.03 -2.82%
S3 262.43 -4.14%
What is the symbol for Snap-On Incorporated Stock and on which exchange is it traded?
The symbol for Snap-On Incorporated is SNA and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Snap-On Incorporated Stock?
Snap-On Incorporated holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Snap-On Incorporated Stock?
Snap-On Incorporated Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Snap-On Incorporated Stock.

What's the current price of Snap-On Incorporated Stock?
As of the end of day on the 2024-02-27, the price of an Snap-On Incorporated (SNA) share was $273.76.

What is the 52-week high and low for Snap-On Incorporated Stock?
The 52-week high for Snap-On Incorporated Stock is $297.26 and the 52-week low is $226.68.

What is the market capitalization of Snap-On Incorporated Stock?
As of the 2024-02-27, the market capitalization of Snap-On Incorporated is 14.296B.

When is the next earnings date for Snap-On Incorporated?
The upcoming earnings date for Snap-On Incorporated is Apr 18, 2024.

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About Snap-On Incorporated

Snap-Onorporated Snap-on Incorporated manufactures and markets tools, equipment, diagnostics, and repair information and systems solutions for professional users worldwide. It operates through Commercial & Industrial Group, Snap-on Tools Group, Repair Systems & Information Group, and Financial Services segments. The company offers hand tools, including wrenches, sockets, ratchet wrenches, pliers, screwdrivers, punches and chisels, saws and cutting tools, pruning ... SNA Profile

SNA Dividend Data

3.19%

Dividend Yield (TTM)
Payout Ratio (TTM) 0
Next Ex-Dividend Date Feb 23, 2024
Next Payment Date Mar 11, 2024
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