FASTENAL CO (FAST) Stock Technical Analysis
USA - NASDAQ:FAST - US3119001044 - Common Stock
48.7 USD
+0.85 (+1.78%)
48.5 USD
-0.2 (-0.41%)
Overall FAST gets a technical rating of 7 out of 10. In the last year, FAST was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When comparing the yearly performance of all stocks, we notice that FAST is one of the better performing stocks in the market, outperforming 95% of all stocks.
FAST is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 95% of 49 stocks in the same industry.
FAST is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
FAST has an average volume of 5920700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month FAST has a been trading in the 46.59 - 50.47 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
FAST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 48.08, a Stop Loss order could be placed below this zone.
More info and screens
17.60
50.90
When analyzing the support we can see 2 important areas.
- A support zone ranging from 47.11 to 48.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.78 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 50.40 to 50.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for FAST is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for FAST is neutral. |
| ChartMill Relative Strength | 95.85 | POSITIVE | FAST has a high relative strength, it outperformed 95.85% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of FAST is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FAST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FAST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.19 | NEUTRAL | The RSI value for FAST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests FAST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 67.09 | NEUTRAL | The Stochastics value for FAST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for FAST suggests some volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for FAST suggests a possible start of a new trend. |
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)
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 |
|---|---|---|---|
| 50.41 | 47.10 | 3.31 (6.57%) | 15.23% |
| An entry @50.41. This is a Buy Stop order right above the resistance zone. | An exit @47.10. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 3.31 points, which is 6.57%. | When investing 15.23% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
48.7
+0.85 (+1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg1.78%
1 Week2.35%
2 Weeks2.63%
1 Month-2.95%
3 Month16.06%
6 Month155.74%
12 Month172.37%
2 Year256.52%
3 Year323.11%
5 Year332.03%
10 Year964.19%
15 Year632.47%
Volatility
ATR(14)0.92
ATR(20)%2.07%
ATR Inc-26.31%
Range Today0.98
ADR(20)0.95
ADR(20)%1.95%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.85
Mansfield5.44
10 Day High48.77
10 Day Low46.64
20 Day High50.47
20 Day Low46.59
52 Week High50.63
52 Week Low17.34
CS1 End48.08
CR1 Start50.4
Volume & EV
DER(3)0.4%
DER(5)1.98%
Volume4.94M
Volume Incr-16.65%
Vol(5)5.11M
Vol(50)5.92M