When the Price of Snap-on $SNA Talks, People Listen

November 08, 2023, 02:15 am ET, BY Thomas Y.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNA

• Buy SNA slightly over 256.38 target 272.37 stop loss @ 255.64 Details

The technical summary data tells us to buy SNA near 256.38 with an upside target of 272.37. This data also tells us to set a stop loss @ 255.64 to protect against excessive loss in case the stock begins to move against the trade. 256.38 is the first level of support below 267.07 , and by rule, any test of support is a buy signal. In this case, support 256.38 would be being tested, so a buy signal would exist.

• Short SNA slightly under 272.37, target 256.38, stop loss @ 273.16 Details

The technical summary data is suggesting a short of SNA as it gets near 272.37 with a downside target of 256.38. We should have a stop loss in place at 273.16though. 272.37 is the first level of resistance above 267.07, and by rule, any test of resistance is a short signal. In this case, if resistance 272.37 is being tested, so a short signal would exist.

Swing Trading Plans for SNA

• Buy SNA slightly over 272.37, target 288.65, Stop Loss @ 271.58 Details

If 272.37 begins to break higher, the technical summary data tells us to buy SNA just slightly over 272.37, with an upside target of 288.65. The data also tells us to set a stop loss @ 271.58 in case the stock turns against the trade. 272.37 is the first level of resistance above 267.07, and by rule, any break above resistance is a buy signal. In this case, 272.37, 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 272.37, target 258.65, Stop Loss @ 273.16. Details

The technical summary data is suggesting a short of SNA if it tests 272.37 with a downside target of 258.65. We should have a stop loss in place at 273.16 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, 272.37, 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 272.37, target 288.65, Stop Loss @ 271.73 Details

If 272.37 begins to break higher, the technical summary data tells us to buy SNA just slightly over 272.37, with an upside target of 288.65. The data also tells us to set a stop loss @ 271.73 in case the stock turns against the trade. 272.37 is the first level of resistance above 267.07, and by rule, any break above resistance is a buy signal. In this case, 272.37, 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 272.37, target 261.71, Stop Loss @ 273.01. Details

The technical summary data is suggesting a short of SNA if it tests 272.37 with a downside target of 261.71. We should have a stop loss in place at 273.01 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, 272.37, 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 (SNA) available here: SNA.

SNA Ratings for November 08:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	256.38
P2	255.58	251.18	272.37
P3	261.71	258.65	288.65

AI Generated Signals for SNA

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This is not EF Hutton, but it could be more #powerful.  A picture speaks a thousand words, they say, and the #priceaction of Snap-on (NYSE: SNA) tells an important story.  The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity.  The data below for SNA can be used as an example, and demonstrate how to do this for other stocks too.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.