FASTENAL CO (FAST) Stock Technical Analysis
USA - NASDAQ:FAST - US3119001044 - Common Stock
Taking everything into account, FAST scores 3 out of 10 in our technical rating. FAST was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
The technical rating of FAST is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
20.91
2 important support areas can be observed.
- A support zone ranging from 40.88 to 41.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.12 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 42.88 to 43.33. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @47.79 from a trend line in the daily time frame.
- Resistance @50.39 from a horizontal line in the daily time frame.
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 | DOWN | NEGATIVE | The short term trend for FAST is down. |
| ChartMill Relative Strength | 90.68 | POSITIVE | FAST has a high relative strength, it outperformed 90.68% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of FAST is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of FAST is below a declining 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) | 29.55 | OVERSOLD | The low RSI value suggests FAST may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests FAST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.72 | OVERSOLD | The low Stochastics value suggests FAST may be oversold. |
| Average True Range in percent/ATR (20) | 2.51 | MEDIUM VOLATILITY | The ATR as a percentage value for FAST suggests some volalility. |
| Average Directional Index/ADX (14) | 46.72 | POSITIVE | The high ADX value value for FAST suggests a strong trend. |
41.04
-0.11 (-0.27%)
FASTENAL CO / FAST FAQ
What is the ChartMill technical rating of FASTENAL CO (FAST) stock?
ChartMill assigns a technical rating of 3 / 10 to FAST.
What is the trend direction for FAST stock?
The current trend direction for FASTENAL CO (FAST) is Bullish.
What is the RSI signal for FAST stock?
FASTENAL CO (FAST) has an RSI value of 29.5529. This indicates that the stock is currently oversold.
What is the MACD signal for FAST stock?
The MACD indicator for FASTENAL CO (FAST) has a value of -0.0797339, indicating a bearish trend.
Can you provide the short term momentum for FASTENAL CO?
The short term momentum for FASTENAL CO (FAST) is negative.