When the Price of (SNA) Talks, People Listen

March 30, 2024, 07:18 am ET, BY David D.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for SNA

• Buy SNA slightly over 284.88 target 300.18 stop loss @ 284.06 Details

The technical summary data tells us to buy SNA near 284.88 with an upside target of 300.18. This data also tells us to set a stop loss @ 284.06 to protect against excessive loss in case the stock begins to move against the trade. 284.88 is the first level of support below 296.22 , and by rule, any test of support is a buy signal. In this case, support 284.88 is being tested, a buy signal would exist.

• Short SNA slightly under 300.18, target 284.88, stop loss @ 301.05 Details

The technical summary data is suggesting a short of SNA as it gets near 300.18 with a downside target of 284.88. We should have a stop loss in place at 301.05though. 300.18 is the first level of resistance above 296.22, and by rule, any test of resistance is a short signal. In this case, if resistance 300.18 is being tested, a short signal would exist.

Swing Trading Plans for SNA

• Buy SNA slightly over 296.79, target 300.18, Stop Loss @ 295.93 Details

If 296.79 begins to break higher, the technical summary data tells us to buy SNA just slightly over 296.79, with an upside target of 300.18. The data also tells us to set a stop loss @ 295.93 in case the stock turns against the trade. 296.79 is the first level of resistance above 296.22, and by rule, any break above resistance is a buy signal. In this case, 296.79, 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 296.79, target 291.38, Stop Loss @ 297.65. Details

The technical summary data is suggesting a short of SNA if it tests 296.79 with a downside target of 291.38. We should have a stop loss in place at 297.65 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, 296.79, 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 296.79, target 297.79, Stop Loss @ 296.1 Details

If 296.79 begins to break higher, the technical summary data tells us to buy SNA just slightly over 296.79, with an upside target of 297.79. The data also tells us to set a stop loss @ 296.1 in case the stock turns against the trade. 296.79 is the first level of resistance above 296.22, and by rule, any break above resistance is a buy signal. In this case, 296.79, 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 296.79, target 295.34, Stop Loss @ 297.48. Details

The technical summary data is suggesting a short of SNA if it tests 296.79 with a downside target of 295.34. We should have a stop loss in place at 297.48 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, 296.79, 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 March 30:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	269.12
P2	295.34	291.38	284.88
P3	297.79	296.79	300.18

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 Incorporated (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.