Snap-On Technical Analysis (NYSE:SNA)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The Snap-On stock price data and volume are plotted in SNA stock charts and these trading charts form the basis of technical analysis.
View technical indicators like moving averages - SMA and EMA, and bollinger bands for Snap-On. Technical analysis uses an approach for Snap-On stock analysis that does not care for the fair value of a company but uses price and volume data only.
Snap-On Moving Average
Moving averages show the average price of SNA stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $169.17 is above the price of $160.88.
Snap-On Bollinger Bands
Bollinger bands comprise of a center line usually SNA SMA, and two SNA stock price bands above and below it. The stock is considered overbought when the price starts moving closer towards the upper band, and is considered oversold as stock price moves closer towards the lower band. The stock price is trading between the average and the lower band in the context of Snap-On bollinger bands.
Snap-On Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The Snap-On MACD indicator is below 0 indicating a bearish trend.
Snap-On Relative Strength Index
The relative strength index compares the magnitude of recent gains to recent losses and is a momentum indicator. It attempts to assess overbought and oversold conditions of a stock. 25.48 is the RSI value of SNA stock.