Weekly structural research · BUE · Industrials

SNA Stage Analysis

Snap-on Incorporated

Week ending 2 Oct 2026Close ARS 99,850.00Tenure DevelopingBenchmark ^MERV

Screen this regime Supporting research Report data ↗

Executive diagnosis

What the Activity Line geometry says now

Structure, not prediction

Deceleration · Recompressing

The upward structure remains, but its energy is decelerating.

Trend remains positive, but Activity or price acceptance is losing strength. This can become a healthy recompression, a re-acceleration, or a Rotation Down.

The Trend gate is up within the current regime.
Fast Activity versus Slow Activity: weakening.
Activity structure: moderate and contracting.

Direction -3−100 bearish to +100 bullish

Energy 28/100directional strength

Maturity 49/100lifecycle context

Confidence 75/100evidence agreement

Trend gate Upstructural direction

Activity structure Moderatecontracting separation

Price acceptance -50.0%position within the Activity structure

Fair Value context +38.8%ARS 71,943.48 · weakening

Trend Architecture map · Historical context

Weekly close, Activity, Trend and Fair Value

Follow price and Trend first, then add Activity Lines to inspect the structure. Subtle bands show the regime recognized at each completed observation; the dashed line marks current Fair Value, not a historical forecast.

CloseTrendCurrent Fair Value

Background stage key

BalanceDirection is contained.
Rotation UpStructure is turning higher.
Upward ExpansionUptrend is established.
DecelerationUptrend is losing energy.
Rotation DownStructure is turning lower.
Downward ExpansionDowntrend is established.

View chart values · 156 observations

Week	Close	Trend	Relative Strength	Volume	Regime	Direction	Energy
2026-10-02	99,850.00	98,449.75	10.96	1295	Deceleration	-3	28
2026-09-25	99,700.00	98,183.90	5.16	1042	Deceleration	-2	25
2026-09-18	99,275.00	98,003.89	-0.45	489	Deceleration	-4	21
2026-09-11	99,975.00	97,788.86	-3.34	284	Deceleration	21	26
2026-09-04	101,275.00	97,598.00	-1.31	504	Deceleration	39	30
2026-08-28	104,950.00	97,282.97	4.36	16	Upward Expansion	49	44
2026-08-21	104,200.00	96,837.11	5.87	6	Upward Expansion	53	52
2026-08-14	105,273.96	96,447.09	5.77	76	Upward Expansion	66	63
2026-08-07	108,855.03	95,992.93	4.63	25	Upward Expansion	77	85
2026-07-31	107,537.84	95,438.56	-2.83	35	Upward Expansion	69	83
2026-07-24	107,337.43	94,838.94	-2.74	22	Upward Expansion	70	89
2026-07-17	107,442.43	94,261.83	-0.07	9	Upward Expansion	75	90
2026-07-10	105,525.00	93,664.56	-4.33	40	Upward Expansion	71	89
2026-07-03	112,000.00	93,085.37	4.10	3	Upward Expansion	96	97
2026-06-26	101,875.00	92,275.34	-2.99	8	Upward Expansion	82	85
2026-06-19	100,050.00	91,757.82	-9.47	1	Upward Expansion	77	74
2026-06-12	96,675.00	91,228.62	-14.06	23	Balance	63	48
2026-06-05	95,350.00	90,755.25	-7.87	27	Balance	46	19
2026-05-29	91,975.00	90,401.05	-13.37	134	Balance	25	16
2026-05-22	90,825.00	90,152.67	-4.79	199	Upward Expansion	26	11
2026-05-15	89,274.59	90,109.30	-1.31	130	Upward Expansion	34	24
2026-05-08	92,799.58	90,059.27	0.60	947	Upward Expansion	53	50
2026-05-01	95,399.57	89,719.25	1.37	91	Balance	61	53
2026-04-24	94,374.57	89,484.22	0.26	3150	Balance	47	35
2026-04-17	92,524.58	89,133.36	-3.05	1435	Balance	36	18
2026-04-10	93,199.58	88,989.17	-5.83	263	Balance	26	15
2026-04-03	90,699.59	88,629.98	-8.50	51	Balance	10	16
2026-03-27	87,874.60	88,148.29	-5.00	86	Balance	6	14
2026-03-20	87,449.60	87,660.77	-3.00	109	Upward Expansion	19	12
2026-03-13	89,949.59	87,204.08	3.08	154	Upward Expansion	39	23
2026-03-06	91,874.59	86,565.72	6.24	64	Upward Expansion	53	35
2026-02-27	94,299.57	85,889.85	8.65	187	Upward Expansion	60	40
2026-02-20	92,824.17	85,161.49	-1.39	106	Upward Expansion	55	36
2026-02-13	94,249.16	84,430.64	2.37	279	Upward Expansion	63	41
2026-02-06	91,824.18	83,708.95	-5.37	951	Upward Expansion	56	38
2026-01-30	91,574.18	82,896.44	-12.04	128	Upward Expansion	59	44
2026-01-23	92,499.17	82,148.92	-8.05	206	Upward Expansion	63	45
2026-01-16	91,649.18	81,137.24	-3.72	139	Upward Expansion	63	51
2026-01-09	92,224.18	80,080.57	-7.82	366	Upward Expansion	66	53
2026-01-02	89,549.20	79,053.05	-11.21	1702	Upward Expansion	59	49
2025-12-26	90,024.20	78,204.71	-10.11	42	Upward Expansion	62	50
2025-12-19	89,524.20	77,353.86	-11.23	116	Upward Expansion	60	40
2025-12-12	88,149.21	76,423.01	-7.81	232	Deceleration	56	35
2025-12-05	87,699.21	75,652.99	-10.16	147	Deceleration	55	31
2025-11-28	86,349.23	74,759.63	-10.97	961	Deceleration	43	25
2025-11-21	84,174.24	73,927.94	-4.97	93287	Deceleration	40	25
2025-11-14	82,473.85	73,182.08	-14.08	145	Upward Expansion	44	32
2025-11-07	84,723.82	72,652.90	-8.08	364	Upward Expansion	58	45
2025-10-31	84,523.82	72,338.71	-12.79	572	Upward Expansion	61	49
2025-10-24	89,523.75	71,856.19	33.04	254	Upward Expansion	75	62
2025-10-17	87,773.77	71,257.01	36.91	321	Upward Expansion	73	63
2025-10-10	82,598.85	70,676.16	33.85	302	Upward Expansion	67	77
2025-10-03	88,348.77	70,211.14	53.73	591	Upward Expansion	82	92
2025-09-26	83,848.84	69,589.46	48.44	116	Upward Expansion	72	87
2025-09-19	88,198.77	69,084.44	67.35	640	Upward Expansion	92	95
2025-09-12	82,423.85	68,401.08	51.57	126	Upward Expansion	89	84
2025-09-05	76,248.95	67,911.89	24.68	679	Upward Expansion	76	59
2025-08-29	73,248.99	67,615.19	20.95	127	Upward Expansion	66	49
2025-08-22	73,748.97	67,530.15	14.88	267	Rotation Up	72	58
2025-08-15	70,798.66	67,346.78	5.95	167	Rotation Up	35	55
2025-08-08	71,598.65	67,291.76	1.69	588	Rotation Up	30	61
2025-08-01	72,448.62	67,108.41	3.49	237	Rotation Up	36	63
2025-07-25	70,898.66	66,895.05	4.34	409	Rotation Up	31	53
2025-07-18	72,598.62	66,788.36	12.57	2379	Downward Expansion	34	34
2025-07-11	67,448.72	66,586.68	7.89	632	Downward Expansion	-18	13
2025-07-04	69,148.69	66,459.99	6.57	221	Downward Expansion	-19	13
2025-06-27	62,148.82	66,281.64	-2.64	136	Downward Expansion	-54	38
2025-06-20	59,948.86	66,474.94	-7.48	23	Downward Expansion	-63	38
2025-06-13	61,398.84	66,721.58	-8.45	111	Downward Expansion	-60	34
2025-06-06	64,098.79	66,929.87	-6.09	170	Downward Expansion	-51	28
2025-05-30	64,498.77	67,089.83	-11.05	72	Downward Expansion	-55	40
2025-05-23	61,598.83	67,096.46	-17.77	111	Rotation Down	-64	65
2025-05-16	65,048.41	67,158.10	-12.68	285	Rotation Down	-32	53
2025-05-09	60,898.51	67,148.07	-10.73	377	Rotation Down	-42	43
2025-05-02	61,398.50	66,993.06	-9.81	633	Upward Expansion	-29	28
2025-04-25	61,798.48	66,893.04	-14.57	69	Upward Expansion	3	7
2025-04-18	66,598.37	66,809.69	-6.53	54	Upward Expansion	38	26
2025-04-11	75,298.15	66,518.01	1.77	79	Upward Expansion	78	66
2025-04-04	70,048.28	65,948.00	0.58	311	Upward Expansion	55	38
2025-03-28	71,548.26	65,494.66	-9.43	141	Upward Expansion	66	52
2025-03-21	70,348.27	65,126.31	-13.66	286	Upward Expansion	60	38
2025-03-14	68,648.31	64,806.30	-12.93	165	Upward Expansion	49	30
2025-03-07	69,698.30	64,492.94	-9.70	46	Upward Expansion	60	34
2025-02-28	68,698.30	64,137.92	-9.76	131	Upward Expansion	53	28
2025-02-21	67,697.99	63,881.23	-17.80	89	Upward Expansion	52	33
2025-02-14	67,747.99	63,681.21	-19.27	76	Upward Expansion	54	37
2025-02-07	67,347.99	63,434.53	-21.50	172	Upward Expansion	56	52
2025-01-31	70,697.90	63,327.84	-23.20	105	Upward Expansion	72	62
2025-01-24	68,247.97	62,944.40	-26.70	324	Upward Expansion	60	45
2025-01-17	69,147.95	62,626.64	-24.93	210	Upward Expansion	70	50
2025-01-10	66,098.04	62,221.96	-36.61	73	Upward Expansion	52	34
2025-01-03	66,048.04	61,866.95	-35.82	91	Deceleration	43	28
2024-12-27	67,697.99	61,623.64	-31.26	220	Deceleration	53	30
2024-12-20	66,548.02	61,254.05	-30.27	328	Upward Expansion	49	31
2024-12-13	63,648.11	60,894.24	-31.29	116	Upward Expansion	47	34
2024-12-06	63,798.10	60,487.42	-26.74	185	Upward Expansion	63	51
2024-11-29	67,947.98	60,049.00	-24.64	104	Upward Expansion	70	80
2024-11-22	67,347.99	59,465.32	-24.40	140	Upward Expansion	69	82
2024-11-15	67,647.62	58,858.73	-19.18	188	Upward Expansion	74	86
2024-11-08	68,897.57	58,203.55	-14.65	186	Upward Expansion	87	89
2024-11-01	64,697.72	57,598.69	-17.18	95	Upward Expansion	74	75
2024-10-25	63,447.77	57,146.32	-19.52	95	Deceleration	69	60
2024-10-18	64,747.72	56,815.76	-16.47	508	Deceleration	63	38
2024-10-11	56,248.02	56,425.05	-26.38	186	Deceleration	-3	10
2024-10-04	58,397.95	56,266.52	-23.11	451	Deceleration	18	12
2024-09-27	59,297.91	56,034.84	-21.55	774	Deceleration	19	17
2024-09-20	57,847.97	55,730.42	-28.34	447	Deceleration	18	15
2024-09-13	58,197.95	55,473.74	-28.52	83	Deceleration	32	17
2024-09-06	56,448.02	55,197.37	-27.56	176	Deceleration	28	16
2024-08-30	60,497.88	55,119.89	-23.08	124	Deceleration	44	29
2024-08-23	60,747.86	55,213.32	-18.13	91	Deceleration	46	32
2024-08-16	59,247.60	55,170.27	-22.72	81	Upward Expansion	44	32
2024-08-09	59,047.61	55,255.41	-20.50	203	Upward Expansion	58	43
2024-08-02	60,997.53	55,067.06	-10.02	293	Upward Expansion	63	62
2024-07-26	61,697.50	54,800.15	-15.96	95	Upward Expansion	68	71
2024-07-19	60,347.56	54,305.30	-19.69	497	Upward Expansion	64	68
2024-07-12	64,147.41	53,803.87	-22.34	541	Upward Expansion	88	80
2024-07-05	59,194.61	53,242.72	-25.14	374	Upward Expansion	73	63
2024-06-28	58,715.13	52,809.23	-25.53	826	Upward Expansion	75	76
2024-06-21	57,007.70	52,245.96	-26.70	14	Upward Expansion	65	75
2024-06-14	55,447.76	51,629.85	-29.50	111	Upward Expansion	62	74
2024-06-07	58,748.63	51,154.85	-22.84	103	Upward Expansion	81	78
2024-05-31	56,610.21	50,499.02	-32.11	71	Deceleration	70	51
2024-05-24	55,753.75	49,936.78	-28.13	352	Deceleration	55	33
2024-05-17	51,443.42	49,296.25	-32.19	253	Deceleration	9	8
2024-05-10	50,645.64	48,997.16	-30.85	756	Deceleration	4	21
2024-05-03	50,437.65	48,621.95	-33.88	172	Deceleration	6	21
2024-04-26	49,150.21	48,193.02	-27.72	121	Deceleration	4	19
2024-04-19	47,992.27	47,717.57	-24.80	682	Deceleration	-1	8
2024-04-12	50,751.64	47,191.40	-24.78	577	Deceleration	32	19
2024-04-05	51,126.62	46,567.00	-22.82	159	Deceleration	35	22
2024-03-29	53,531.01	45,936.41	-19.69	106	Deceleration	42	24
2024-03-22	53,026.54	45,314.07	-22.00	237	Deceleration	35	18
2024-03-15	51,492.10	44,679.79	-13.87	519	Deceleration	29	24
2024-03-08	51,447.61	44,081.41	-8.93	1852	Deceleration	31	30
2024-03-01	50,165.16	43,296.43	-16.08	2234	Deceleration	35	31
2024-02-23	50,147.66	42,512.53	-20.36	282	Upward Expansion	46	34
2024-02-16	49,906.86	41,673.37	-18.17	327	Upward Expansion	62	52
2024-02-09	54,123.63	40,828.08	-16.67	945	Upward Expansion	67	79
2024-02-02	63,300.66	39,875.57	-16.82	131	Upward Expansion	84	93
2024-01-26	59,456.36	38,567.39	-18.45	63	Upward Expansion	80	92
2024-01-19	61,801.73	37,403.06	-9.84	112	Upward Expansion	92	93
2024-01-12	53,397.18	36,117.98	-11.55	203	Upward Expansion	80	77
2024-01-05	52,990.20	35,109.29	-14.28	265	Upward Expansion	84	76
2023-12-29	46,852.02	34,083.90	-14.27	130	Upward Expansion	68	68
2023-12-22	45,304.61	33,240.41	-19.09	163	Upward Expansion	65	64
2023-12-15	47,313.00	32,429.36	-13.96	134	Upward Expansion	76	59
2023-12-08	46,190.05	31,570.36	-18.11	192	Upward Expansion	79	57
2023-12-01	41,816.79	30,697.54	-20.50	657	Upward Expansion	66	48
2023-11-24	38,524.46	29,958.89	-31.21	62	Upward Expansion	59	47
2023-11-17	41,197.82	29,326.44	3.34	97	Upward Expansion	71	56
2023-11-10	39,073.64	28,622.04	-4.72	216	Upward Expansion	63	56
2023-11-03	39,743.10	27,853.36	-0.25	174	Upward Expansion	69	62
2023-10-27	36,537.79	27,050.21	-11.24	508	Upward Expansion	65	64
2023-10-20	42,470.93	26,389.44	-16.02	280	Upward Expansion	89	75
2023-10-13	39,389.11	25,494.13	-18.57	724	Upward Expansion	85	72

Price vs TrendAbove+1.4%

Trend directionRising+3.8%

Price vs current Fair ValuePremium+38.8%

Fair Value directionMoving away-31.3%

Relative Strength vs benchmarkLeading+11.0%

Relative strength directionImproving+6.9%

Price momentumPositive+10.1%

Volume balanceDemand-led1.70×

Beyond the current label

Is the structure strengthening or losing force?

Direction and energy measure different things

Direction shows the upward or downward lean. Energy shows the force behind the structural move: high energy can accompany a strong decline as well as an advance.

Direction

-3 / ±100

-41.7 points since 2026-09-04

Energy

28 /100

-2.0 points since 2026-09-04

Recent change compares the latest reading with four observations earlier. Missing readings remain unavailable. Use the chart values above to inspect individual observations.

SNA Directional State ↗ SNA Momentum Intelligence ↗

Comparative structural evidence

Why this architecture regime won

Every regime is evaluated

Balance46

Rotation Up14

Upward Expansion44

Deceleration85

Rotation Down49

Downward Expansion38

The winning regime is the state most consistent with the complete SM evidence set. Direction, energy, maturity and confidence describe different aspects of the current structure, while contradictory evidence remains visible rather than being averaged into false certainty.

Time spent in each state

The context behind today’s regime

2023-10-13 to 2026-10-02 · 156 classified observations out of 156 shown.

Balance 6%Rotation Up 3%Upward Expansion 62%Deceleration 22%Rotation Down 2%Downward Expansion 5%

Recent Trend Architecture ledger

Regime	Recognized	Last observation	Tenure	Move inside regime
Deceleration	2026-09-04	2026-10-02	Developing	-1.4%
Upward Expansion	2026-06-19	2026-08-28	Developing	+4.9%
Balance	2026-05-29	2026-06-12	New	+5.1%
Upward Expansion	2026-05-08	2026-05-22	New	-2.1%
Balance	2026-03-27	2026-05-01	Developing	+8.6%
Upward Expansion	2025-12-19	2026-03-20	Established	-2.3%
Deceleration	2025-11-21	2025-12-12	New	+4.7%
Upward Expansion	2025-08-29	2025-11-14	Developing	+12.6%
Rotation Up	2025-07-25	2025-08-22	Developing	+4.0%
Downward Expansion	2025-05-30	2025-07-18	Developing	+12.6%
Rotation Down	2025-05-09	2025-05-23	New	+1.1%
Upward Expansion	2025-01-10	2025-05-02	Established	-7.1%
Deceleration	2024-12-27	2025-01-03	New	-2.4%
Upward Expansion	2024-11-01	2024-12-20	Developing	+2.9%

Classic Stage Analysis comparison

Stage 1 · Basing26

Stage 2 · Advancing90

Stage 3 · Distribution71

Stage 4 · Declining10

Legacy result: Stage 2 · Stage 2B · Advancing. It remains visible while the experimental architecture is validated rather than being silently discarded.

Leadership versus ^MERV

Is relative performance confirming the geometry?

Confirmation, not classification

Relative Strength

The security is compared with its market benchmark on the SM scale. Above zero indicates relative leadership; direction shows whether that leadership is improving or weakening.

Confirmation evidence

Leading benchmark

Architecture confirmation: 19/100
Current Relative Strength: 10.96
Relative Strength direction: Improving
Price momentum: +10.1%
Excess performance vs benchmark: +17.8%
Industrials regime cohort: 20th percentile10 in cohort

Test SNA trend persistence

Participation and structure

Is demand confirming the architecture?

Volume cannot overrule geometry

Relative volume6.11×

Latest completed volume relative to typical participation.

Up/down volume1.70×

Participation balance between advancing and declining observations.

Accumulation / distribution2 / 3

Recent participation evidence classified by demand and supply.

Activity alignment+50.0%

Current positive alignment across Activity and Trend.

Fast/slow rotationWeakening

Current relationship between Fast Activity and Slow Activity.

Structure stability+25.0%

Whether recent Activity evidence is stable or remains in balance.

Weekly volume with architecture context

Bars show completed weekly volume; the dashed line provides typical-volume context. Both measures use the same scale.

Explore SNA Volume & Price ↗

Decision architecture

References that would change the structural read

Evidence levels, not orders

Fast Activity ARS 99,806.67falling

Slow Activity ARS 101,247.82rising

Trend Reference ARS 98,449.75+1.4% close margin

Current Fair Value ARS 71,943.48+38.8% close margin

Structural low ARS 88,024.60shock / repair context

What changes the read?

Renewed positive order and expanding width produce re-acceleration; fast/slow failure with downside acceptance produces Rotation Down.

Range context +2.9%

Annualized volatility +21.2%

From structural high -11.2%

From structural low +27.3%

Point-in-time evidence

What followed this architecture in this market?

Descriptive history, never a forecast

Historical comparisons use only the structural read that would have been available at each completed observation. Independent observations are used where possible, with benchmark comparison beginning after each recognized state.

Outcome horizon	Samples	Median move	Positive periods	Directional follow-through	Median excess vs ^MERV	Regime survived	Read
Near term	11	+2.2%-8.2% to +13.4%	+63.6%	+63.6%	-5.4%	+54.5%	Usable descriptive sample
Intermediate	6	+11.3%+5.7% to +14.3%	+100.0%	+100.0%	-7.1%	+33.3%	Usable descriptive sample
Extended	4	+17.1%+7.9% to +41.9%	+100.0%	+100.0%	-13.2%	+25.0%	Too little matched history
Full cycle	2	+114.8%+36.9% to +192.7%	+100.0%	+100.0%	-83.3%	+0.0%	Too little matched history

Evidence framework

What the analysis measures and where its limits lie

Trend Architecture

Trend Architecture brings Price, Fast Activity, Slow Activity and Trend into one structural read. It identifies balance, rotation, expansion, deceleration and contraction while requiring persistent evidence for confirmed regime changes.

Evidence roles

Trend, Activity, relative strength, volume and Fair Value each have a defined role in the SM evidence framework. No single reading is treated as sufficient on its own, and conflicting evidence remains visible.

Fair Value and RS

Current Fair Value provides a long-term price anchor and shows whether price is trading above, below or repairing toward that reference. Relative Strength compares the security with its benchmark and shows whether leadership is improving or weakening.

Known limitations

Weekly structure recognizes conditions after they develop. Event gaps can bypass smooth transitions, sideways markets can rotate repeatedly, and historical samples for a particular regime can be thin.

Independent market research for education. Not investment advice, a recommendation, a forecast, a target, or an execution instruction. Historical regime behaviour does not establish what happens next.

SNA Stage Analysis

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Send a message

Evidence context

What the Activity Line geometry says now

The upward structure remains, but its energy is decelerating.

Weekly close, Activity, Trend and Fair Value

Is the structure strengthening or losing force?

Direction

Energy

Why this architecture regime won

The context behind today’s regime

Is relative performance confirming the geometry?

Relative Strength ?

Leading benchmark

Is demand confirming the architecture?

Weekly volume with architecture context

References that would change the structural read

What followed this architecture in this market?

Test the structure from another angle

Trend Persistence ↗

Directional State ↗

Momentum Intelligence ↗

Volume & Price ↗

Similar Charts ↗

RMI Reversal Map ↗

What the analysis measures and where its limits lie

Trend Architecture

Evidence roles

Fair Value and RS

Known limitations

Relative Strength

Trend Persistence

Directional State

Momentum Intelligence

Volume & Price

Similar Charts

RMI Reversal Map