Snap-On Incorporated (NYSE:SNA) Fell By -1.1%, But Why?

For its latest trading sesion, Snap-On Incorporated (NYSE:SNA) dropped by -1.1% – here is what that looked like (as of 2020-01-06):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.062, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 1.743, an Accumulation/Distribution Index (ADI) of 1.743, an On-Balance Volume (OBV) of 2327.908, and a Chaiikin Money Flow (CMF) of 169.0. 2.328

Now let’s take all these indicators into account. According to Trading View, we can conclude the following:

So there you have it – our analysis of Snap-On Incorporated (NYSE:SNA). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.