pool adsThe Fundamental Case for Snap-on SNA Using a Price Based Model
Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Snap-on (NYSE: SNA) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action. Price action was used to produce the raw data below for SNA and it can be used as an example of how to use price action to define fundamental opportunity. 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.
Technical Summary
| Term → | Near | Mid | Long |
|---|---|---|---|
| Rating | Strong | Strong | Strong |
| P1 | 0 | 0 | 213.26 |
| P2 | 253.76 | 249.52 | 228.90 |
| P3 | 256.19 | 255.32 | 245.37 |
Support and Resistance Plot Chart for SNA
Longer Term Trading Plans for SNA
May 28, 2021, 6:45 pm ET
SNA - (Long) Support Plan
Buy over 245.37 target n/a stop loss @ 244.66.
SNA - (Short) Resistance Plan
NONE .
Blue = Current Price
Red= Resistance
Green = Support
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