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Asset Summary

Weekly Performance Report for SNA ETF: Week 46, 2024

Summary: The Weekly started with SNA ETF opening at $361.63 and closing at $357.06. The ETF showed weakness throughout the Weekly, with the highest price observed at $365.35 and the lowest at $356.71. The underlying asset had a trading range of $8.64 Overall, it was a negative trading Weekly for SNA ETF, reflecting investor pessimism and market activity.

Change in Closing Price: There was a net decrease of $-4.57 or -1.26% in the closing price from the opening to the closing price over the Weekly.

Volume Analysis: Trading volume for SNA ETF was 1,882,294 units during Week 46, indicating active market participation and investor interest.

Opening Price: The Weekly started at $361.63.

Highest Price: The highest price observed during the Weekly was $365.35.

Lowest Price: The lowest price observed during the Weekly was $356.71.

Closing Price: The Weekly ended at $357.06.

Asset Performance Metrics and Risk Characteristics:

Understanding asset performance is crucial for evaluating investment quality and making informed decisions. Metrics like trailing return and drawdown provide insights into how an asset has performed over time, its volatility, and the efficiency of its returns relative to risk. Performance indicators help assess the stability, risk, and reward of an investment, allowing investors and portfolio managers to make comparisons and strategize accordingly.

Asset Technical Analysis

Technical analysis involves evaluating an asset's price and volume data to forecast future movements and make informed trading decisions. By using various technical indicators and chart patterns, investors can gain insights into market trends, price momentum, and potential turning points. This section delves into essential technical metrics, including moving averages, pivot points, and other indicators that provide a snapshot of an asset's current technical stance. Analyzing these indicators helps investors identify entry and exit points, assess market sentiment, and refine their trading strategies. Explore the following technical analysis data to understand the asset's performance dynamics and make better-informed decisions.

Moving Averages

Moving Averages are commonly used to smooth out price data and identify trends over a specific period. Here’s a summary of the latest moving averages for various periods:

  • SMA (Simple Moving Average): Reflects the average price over a specific number of periods.
  • EMA (Exponential Moving Average): Gives more weight to recent prices, making it more responsive to new information.
  • WMA (Weighted Moving Average): Assigns a weight to each price, emphasizing more recent prices.
  • WEMA (Weighted Exponential Moving Average): Combines elements of both WMA and EMA for a more responsive moving average.

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Frequently Asked Questions

Snap-on follows rigorous quality control processes and standards to ensure product excellence.

Snap-on has a history of paying dividends and aims to provide consistent returns to shareholders.

Yes, Snap-on Incorporated is publicly traded on the New York Stock Exchange under the ticker symbol SNA.

Snap-on Incorporated was founded in 1920.

Snap-on invests in research and development to introduce innovative tools and technology to the market.

The automotive market is a major focus for Snap-on, providing a wide range of tools and equipment for professionals.

Snap-on is committed to sustainability through responsible sourcing, reducing waste, and energy-efficient operations.

Competitors include Stanley Black & Decker, Matco Tools, and Mac Tools.

Snap-on continuously analyzes industry trends to align its product offerings with market demands.

Snap-on emphasizes employee development, safety, and a positive workplace culture.

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