Learn to Evaluate (SNA) using the Charts

January 05, 2024, 14:56 pm ET, BY Bill T.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNA

• Buy SNA slightly over 280.02 target 294.6 stop loss @ 279.21 Details

The technical summary data tells us to buy SNA near 280.02 with an upside target of 294.6. This data also tells us to set a stop loss @ 279.21 to protect against excessive loss in case the stock begins to move against the trade. 280.02 is the first level of support below 280.11 , and by rule, any test of support is a buy signal. In this case, support 280.02 is being tested, a buy signal would exist.

• Short SNA slightly under 294.6, target 280.02, stop loss @ 295.45 Details

The technical summary data is suggesting a short of SNA as it gets near 294.6 with a downside target of 280.02. We should have a stop loss in place at 295.45though. 294.6 is the first level of resistance above 280.11, and by rule, any test of resistance is a short signal. In this case, if resistance 294.6 is being tested, a short signal would exist.

Swing Trading Plans for SNA

• Buy SNA slightly over 284.16, target 289.01, Stop Loss @ 283.34 Details

If 284.16 begins to break higher, the technical summary data tells us to buy SNA just slightly over 284.16, with an upside target of 289.01. The data also tells us to set a stop loss @ 283.34 in case the stock turns against the trade. 284.16 is the first level of resistance above 280.11, and by rule, any break above resistance is a buy signal. In this case, 284.16, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SNA slightly near 284.16, target 280.02, Stop Loss @ 284.98. Details

The technical summary data is suggesting a short of SNA if it tests 284.16 with a downside target of 280.02. We should have a stop loss in place at 284.98 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 284.16, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for SNA

• Buy SNA slightly over 281.87, target 284.23, Stop Loss @ 281.21 Details

If 281.87 begins to break higher, the technical summary data tells us to buy SNA just slightly over 281.87, with an upside target of 284.23. The data also tells us to set a stop loss @ 281.21 in case the stock turns against the trade. 281.87 is the first level of resistance above 280.11, and by rule, any break above resistance is a buy signal. In this case, 281.87, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short SNA slightly near 281.87, target 280.02, Stop Loss @ 282.53. Details

The technical summary data is suggesting a short of SNA if it tests 281.87 with a downside target of 280.02. We should have a stop loss in place at 282.53 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 281.87, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Snap-on Incorporated (SNA) available here: SNA.

SNA Ratings for January 05:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	265.18
P2	281.87	284.16	280.02
P3	284.23	289.01	294.6

AI Generated Signals for SNA

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Snap-on Incorporated (NYSE: SNA) report below can help you understand how to do this. The trading plans for SNA, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.