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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 Wednesday trading.
(Updated on Apr 17, 2024)

Hold candidate since Apr 17, 2024 PDF

The Snap-On Incorporated stock price gained 0.372% on the last trading day (Wednesday, 17th Apr 2024), rising from $282.45 to $283.50. During the last trading day the stock fluctuated 1.80% from a day low at $281.74 to a day high of $286.82. The price has fallen in 6 of the last 10 days and is down by -3.08% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 83 thousand more shares were traded than the day before. In total, 427 thousand shares were bought and sold for approximately $120.93 million.

The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.76% during the next 3 months and, with a 90% probability hold a price between $279.95 and $310.66 at the end of this 3-month period.

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SNA Signals & Forecast

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 sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $288.42 and $289.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -4.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

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

Snap-On Incorporated finds support from accumulated volume at $283.04 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $5.07 between high and low, or 1.80%. For the last week the stock has had daily average volatility of 1.91%.

Snap-On Incorporated is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: $268.75 (-5.20%) (This stock has low daily movements and this gives low risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

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

For the upcoming trading day on Thursday, 18th we expect Snap-On Incorporated to open at $284.02, and during the day (based on 14 day Average True Range), to move between $279.00 and $288.00, which gives a possible trading interval of +/-$4.50 (+/-1.59%) up or down from last closing price. If Snap-On Incorporated takes out the full calculated possible swing range there will be an estimated 3.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $283.04 (0.16%) than the resistance at $289.20 (2.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Snap-On Incorporated will release earnings BMO on Thursday, April 18, 2024.The consensus among the analysts for the expected earnings (EPS) is $4.66. We will update the financials statements for Snap-On Incorporated, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.20% in the first trading day after earnings release.

Is Snap-On Incorporated stock A Buy?

Snap-On Incorporated holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.255 Hold/Accumulate Upgraded

Predicted Opening Price for Snap-On Incorporated of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$284.02 ( 0.183%) $283.50

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

Trading levels for SNA

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 289.09 1.97 %
R2 287.15 1.29 %
R1 285.96 0.87 %
Current price: 283.50
Support S1 282.08 -0.501 %
S2 280.88 -0.92 %
S3 278.94 -1.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 295.24 4.14 %
R2 294.61 3.92 %
R1 289.20 2.01 %
Current price 283.50
Support S1 283.04 -0.162%
S2 266.03 -6.16%
S3 262.43 -7.43%

SNA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 23, 2024 Feb 23, 2024 Mar 11, 2024 $1.86 0.637%
2 Nov 02, 2023 Nov 20, 2023 Dec 11, 2023 $1.86 0.662%
3 Aug 03, 2023 Aug 18, 2023 Sep 11, 2023 $1.62 0.620%
4 Aug 03, 2023 Aug 17, 2023 Sep 11, 2023 $1.62 0.620%
5 Apr 27, 2023 May 18, 2023 Jun 09, 2023 $1.62 0.605%

FAQ

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 negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 2024-04-17, the price of an Snap-On Incorporated (SNA) share was $283.50.

What is the 52-week high and low for Snap-On Incorporated Stock?
The 52-week high for Snap-On Incorporated Stock is $298.49 and the 52-week low is $239.08.

What is the market capitalization of Snap-On Incorporated Stock?
As of the 2024-04-17, the market capitalization of Snap-On Incorporated is 14.98B.

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

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