SNA climbs to highest close since February 26th


Snap-On Inc. (SNA) Technical Analysis Report for Jun 14, 2018 [1 min read]
Highlights
SNA closes above its opening price after recovering from early selling pressure
SNA finds buyers at key support level
SNA finds buyers again around 158.02
SNA pushes through previous session high
SNA rises to highest close since February 26th
TQ Sentiment
Report Sentiment: 66% Bullish
Technical Forecast:
Overview

SNA finished Thursday at 159.48 gaining $0.99 (0.62%) on high volume. Today's closing price of 159.48 marks the highest close since February 26th. Trading up to $1.38 lower after the open, the share managed to reverse during the session as bulls took control ending the day above its opening price. Closing above Wednesday's high at 159.45, the stock confirms its breakout through the previous session's high having traded $1.36 above it intraday. Ending the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for SNA
Volatility

Thursday's trading range was $2.79 (1.75%), that's above last trading month's daily average range of $2.28. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly above average.

Support/Resistance

After trading as low as 158.02 during the day, Snap-On Inc. bounced off the key support level at 158.63. The failure to close below the support might increase that levels importance as support going forward. After having been unable to move lower than 157.86 in the prior session, the market found buyers again around the same price level today at 158.02.

Trend

Though still in a long-term downtrend, the short and medium-term trends both turned bullish already.

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only bullish while our quantitative statistics show a very bullish sentiment.

Market Conditions for Snap-On Inc.
Condition Forecast Direction Win Avg Worst Best Events
Decisive Up Move TQ Pro Members Only
White Candle TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Closed above last periods high TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Latest Report:

SNA pushes through key resistance level

Aug 14, 2018
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Snap-On Inc. traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
NATGAS 2.9550.029 0.99%
SPX 2,841.7619.83 0.70%
NDX 7,449.8648.69 0.66%
INDU 25,326.05138.35 0.55%
ASX 6,329.0029.40 0.47%
CAC 5,403.41-8.91 -0.16%
TBOND 143.875-0.344 -0.24%
GBPUSD 1.2722-0.0043 -0.34%
FTSE 7,611.64-30.86 -0.40%
EURUSD 1.1344-0.0065 -0.57%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV96.14 -0.64
-0.66%
ACN 10 day candlestick chart for ACN161.24 1.01
0.63%
ADBE 10 day candlestick chart for ADBE256.05 2.51
0.99%
AAP 10 day candlestick chart for AAP154.80 9.96
6.88%
AES 10 day candlestick chart for AES13.52 0.14
1.05%
AET 10 day candlestick chart for AET197.11 2.40
1.23%
AFL 10 day candlestick chart for AFL46.51 0.21
0.45%
AMG 10 day candlestick chart for AMG147.35 0.95
0.65%
A 10 day candlestick chart for A66.99 1.05
1.59%
ABT 10 day candlestick chart for ABT63.74 0.31
0.49%