FASTENAL CO (FAST) Stock Technical Analysis
NASDAQ:FAST - Nasdaq - US3119001044 - Common Stock - Currency: USD
Overall FAST gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FAST is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that FAST is one of the better performing stocks in the market, outperforming 86% of all stocks.
FAST is part of the Trading Companies & Distributors industry. There are 48 other stocks in this industry. FAST outperforms 85% of them.
FAST is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so FAST is performing more or less in line with the market.
In the last month FAST has a been trading in the 78.09 - 83.43 range, which is quite wide. It is currently trading near the high of this range.
FAST has an average volume of 3786950 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Considerably lower volume is observed in the last couple of days.
FAST has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 83.56. Right above this resistance zone may be a good entry point.
More info and screens
69.29
85.19
When analyzing the support we can see 3 important areas.
- Support @77.17 from a trend line in the weekly time frame.
- A support zone ranging from 71.20 to 73.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @69.99 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 83.56 to 84.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.82
Mansfield0.67
10 Day High83.43
10 Day Low78.09
20 Day High83.43
20 Day Low78.09
52 Week High84.88
52 Week Low61.36
Performance
1 Week2.44%
2 Weeks4.36%
1 Month0.59%
3 Month9.55%
6 Month-1.4%
12 Month24.08%
2 Year52.13%
3 Year52.95%
5 Year98.55%
10 Year294.7%
15 Year224.82%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.14
RSI(14)56.18
LBB77.55
UBB83.99
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 84.36 | 78.08 | 6.28 (7.44%) | 13.43% |
| An entry @84.36. This is a Buy Stop order right above the resistance zone. | An exit @78.08. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.28 points, which is 7.44%. | For a 1.00% total portfolio risk, you can invest 13.43% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
81.92
-1.24 (-1.49%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-1.49%
1 Week2.44%
2 Weeks4.36%
1 Month0.59%
3 Month9.55%
6 Month-1.4%
12 Month24.08%
2 Year52.13%
3 Year52.95%
5 Year98.55%
10 Year294.7%
15 Year224.82%
Volatility
ATR(14)1.68
ATR(20)%2.15%
ATR Inc-26.5%
Range Today1.41
ADR(20)1.71
ADR(20)%2.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.82
Mansfield0.67
10 Day High83.43
10 Day Low78.09
20 Day High83.43
20 Day Low78.09
52 Week High84.88
52 Week Low61.36
CS1 End77.17
CR1 Start83.56
Volume & EV
DER(3)1.16%
DER(5)1.08%
Volume1.70M
Volume Incr-31.48%
Vol(5)2.36M
Vol(50)3.79M