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Uptrend SupportArchive
- 1/10/2025 -
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Snap-On Inc. (SNA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Snap-On Inc. (SNA). During the week, the SNA dropped -3.60 points, or -1.07%, and closed at 332.50 on Friday, January 10, 2025. Weekly volume was 14% above average.
 Long-term trend: [See SNA long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 190.08 and reached 373.90 on November 27, 2024. SNA gained -183.82 points, or -96.71%, in 127 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See SNA medium-term trend chart]
A medium-term uptrend had started on July 5, 2024 at 252.98 and reached 373.90 on November 27, 2024. SNA gained -120.92 points, or -47.80%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (337.05) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a medium-term trend.
 Weekly Technical Indicators: [See SNA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since July 26, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See SNA short-term trend chart]
A short-term downtrend had started on November 27, 2024 at 373.90 and reached 331.50 on January 10, 2025. SNA lost 42.40 points, or 11.34%, in 44 days. The chart has formed a Falling Wedge chart pattern. The trend support level is at 332.02 and resistance is at 335.85. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See SNA daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 18, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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