We assign a technical rating of 2 out of 10 to FAST. Although FAST is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
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
21.51
We found 3 important support areas.
- Support @39.90 from a horizontal line in the weekly time frame.
- Support @39.14 from a horizontal line in the daily time frame.
- Support @21.73 from a trend line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 41.12 to 42.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @43.32 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 | NEUTRAL | NEUTRAL | The long term trend for FAST is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for FAST is down. |
| ChartMill Relative Strength | 94.43 | POSITIVE | FAST has a high relative strength, it outperformed 94.43% 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) | 41.2 | NEUTRAL | The RSI value for FAST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests FAST has a negative trend. |
| Stochastics (14,3) | 15.08 | OVERSOLD | The low Stochastics value suggests FAST may be oversold. |
| Average True Range in percent/ATR (20) | 1.69 | LOW VOLATILITY | The low ATR as a percentage value for FAST suggests low volalility. |
| Average Directional Index/ADX (14) | 21.1 | NEUTRAL | The ADX value for FAST suggests a possible start of a new trend. |
40.44
+0.31 (+0.77%)
FASTENAL CO / FAST FAQ
What is the ChartMill technical rating of FASTENAL CO (FAST) stock?
ChartMill assigns a technical rating of 2 / 10 to FAST.
What is the current trend direction of FASTENAL CO (FAST) stock?
The current trend direction for FASTENAL CO (FAST) is Bearish.
What is the RSI signal for FAST stock?
FASTENAL CO (FAST) has an RSI value of 41.2026. This indicates that the stock is currently neutral.
What are the support and resistance levels for FASTENAL CO (FAST) stock?
FASTENAL CO (FAST) has a support level at 39.9 and a resistance level at 41.12. Check the full technical report for our detailed analysis of FAST support and resistance levels.