When (SNA) Moves Investors should Listen
February 06, 2024, 22:50 pm ET, BY Jolene W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for SNA
- Buy SNA slightly over 285.61 target 299.68 stop loss @ 284.79 Details
The technical summary data tells us to buy SNA near 285.61 with an upside target of 299.68. This data also tells us to set a stop loss @ 284.79 to protect against excessive loss in case the stock begins to move against the trade. 285.61 is the first level of support below 293.42 , and by rule, any test of support is a buy signal. In this case, support 285.61 is being tested, a buy signal would exist.
- Short SNA slightly under 299.68, target 285.61, stop loss @ 300.55 Details
The technical summary data is suggesting a short of SNA as it gets near 299.68 with a downside target of 285.61. We should have a stop loss in place at 300.55though. 299.68 is the first level of resistance above 293.42, and by rule, any test of resistance is a short signal. In this case, if resistance 299.68 is being tested, a short signal would exist.
Swing Trading Plans for SNA
- Buy SNA slightly over 295.31, target 299.68, Stop Loss @ 294.46 Details
If 295.31 begins to break higher, the technical summary data tells us to buy SNA just slightly over 295.31, with an upside target of 299.68. The data also tells us to set a stop loss @ 294.46 in case the stock turns against the trade. 295.31 is the first level of resistance above 293.42, and by rule, any break above resistance is a buy signal. In this case, 295.31, 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 295.31, target 291.03, Stop Loss @ 296.16. Details
The technical summary data is suggesting a short of SNA if it tests 295.31 with a downside target of 291.03. We should have a stop loss in place at 296.16 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, 295.31, 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 294.61, target 295.31, Stop Loss @ 293.92 Details
If 294.61 begins to break higher, the technical summary data tells us to buy SNA just slightly over 294.61, with an upside target of 295.31. The data also tells us to set a stop loss @ 293.92 in case the stock turns against the trade. 294.61 is the first level of resistance above 293.42, and by rule, any break above resistance is a buy signal. In this case, 294.61, 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 294.61, target 291.47, Stop Loss @ 295.3. Details
The technical summary data is suggesting a short of SNA if it tests 294.61 with a downside target of 291.47. We should have a stop loss in place at 295.3 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, 294.61, 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 February 06:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Neutral |
Strong |
| P1 |
0 |
0 |
271.22 |
| P2 |
291.47 |
291.03 |
285.61 |
| P3 |
294.61 |
295.31 |
299.68 |
AI Generated Signals for SNA
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Snap-on Incorporated (NYSE: SNA) report below is a real world example. Included are trading plans for SNA, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for SNA:
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