FASTENAL CO (FAST) Technical Analysis
NASDAQ:FAST • US3119001044
Current stock price
45.7 USD
+0.14 (+0.31%)
At close:
45.7 USD
0 (0%)
After Hours:
FAST Technical Rating and Analysis
Taking everything into account, FAST scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- FAST is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 95% of 46 stocks in the same industry.
- FAST is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FAST is lagging the market slightly.
- In the last month FAST has a been trading in the 43.52 - 49.67 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- FAST has an average volume of 7989240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, FAST did better than 92% of all other stocks. On top of that, FAST also shows a nice and consistent pattern of rising prices. However, this overall performance is mostly based on the strong move around 10 months ago.
FAST Weekly and Daily overview Charts
FAST Setup Rating and Analysis
Besides having an excellent technical rating, FAST 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 45.59, a Stop Loss order could be placed below this zone.
More info and screens
FAST Support and Resistance Analysis
22.72
50.90
4 important support areas can be observed.
- A support zone ranging from 44.63 to 45.59. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @43.32 from a horizontal line in the daily time frame.
- Support @39.90 from a horizontal line in the weekly time frame.
- Support @22.95 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 45.90 to 46.30. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @49.04 from a horizontal line in the daily time frame.
- A resistance zone ranging from 50.39 to 50.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
FAST Technical Indicator Signal Analysis
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 | 92.82 | POSITIVE | FAST has a high relative strength, it outperformed 92.82% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of FAST is below the rising 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) | 49.27 | NEUTRAL | The RSI value for FAST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests FAST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 35.12 | NEUTRAL | The Stochastics value for FAST is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for FAST suggests some volalility. |
| Average Directional Index/ADX (14) | 14.44 | NEGATIVE | The low ADX value for FAST suggests a weak or negative trend. |
FAST Chart- and CandleStick Pattern Analysis
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)
FAST Example Setup
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 |
|---|---|---|---|
| 46.31 | 44.62 | 1.69 (3.65%) | 25.00% |
| An entry @46.31. This is a Buy Stop order right above the resistance zone. | An exit @44.62. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.69 points, which is 3.65%. | For a 0.91% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of FAST. Please evaluate whether better entry and exit points can be found.
- 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.
FAST Technicals: Chart, Performance Metrics, Trend & Indicators
45.7
+0.14 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg0.31%
1 Week2.42%
2 Weeks0.13%
1 Month2.81%
3 Month4.12%
6 Month6.6%
12 Month126.43%
2 Year169.06%
3 Year239.53%
5 Year249.66%
10 Year681.36%
15 Year444.94%
Volatility
ATR(14)1.3
ATR(20)%2.68%
ATR Inc-57.67%
Range Today0.5
ADR(20)1.14
ADR(20)%2.5%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.82
3 months CRS74.2
6 months CRS68.54
Mansfield-0.15
10 Day High49.67
10 Day Low43.52
20 Day High49.67
20 Day Low43.52
52 Week High50.63
52 Week Low19.52
CS1 End45.59
CR1 Start45.9
Volume & EV
DER(3)-0.01%
DER(5)-1.01%
Volume6.42M
Volume Incr-15.95%
Vol(5)7.30M
Vol(50)7.99M
FASTENAL CO / FAST TA FAQ
What is the ChartMill technical rating of FASTENAL CO (FAST) stock?
ChartMill assigns a technical rating of 7 / 10 to FAST.
What is the current trend direction of FASTENAL CO (FAST) stock?
The current trend direction for FASTENAL CO (FAST) is Bullish.
What is the RSI signal for FASTENAL CO (FAST) stock?
FASTENAL CO (FAST) has an RSI value of 49.274. This indicates that the stock is currently neutral.
What is the short term momentum for FAST stock?
The short term momentum for FASTENAL CO (FAST) is neutral.