FASTENAL CO (FAST) Stock Technical Analysis
NASDAQ:FAST - Nasdaq - US3119001044 - Common Stock - Currency: USD
Taking everything into account, FAST scores 10 out of 10 in our technical rating. 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 98% of all stocks.
FAST is part of the Trading Companies & Distributors industry. There are 49 other stocks in this industry. FAST outperforms 97% of them.
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 is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
FAST has an average volume of 4374200 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
FAST has an excellent technical rating, but the quality of the setup is only medium 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
18.12
43.30
2 important support areas can be observed.
- A support zone ranging from 40.88 to 40.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.30 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 42.69 to 42.87. 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 | UP | POSITIVE | The short term trend for FAST is up. |
| ChartMill Relative Strength | 98.01 | POSITIVE | FAST has a high relative strength, it outperformed 98.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FAST is above the rising 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) | 74.68 | OVERBOUGHT | The high RSI value suggests FAST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.61 | NEGATIVE | The MACD value suggests FAST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 77.95 | NEUTRAL | The Stochastics value for FAST is a neutral value. |
| Average True Range in percent/ATR (20) | 1.81 | LOW VOLATILITY | The low ATR as a percentage value for FAST suggests low volalility. |
| Average Directional Index/ADX (14) | 51.84 | POSITIVE | The high ADX value value for FAST suggests a strong 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 |
|---|---|---|---|
| 42.88 | 40.35 | 2.53 (5.90%) | 16.95% |
| An entry @42.88. This is a Buy Stop order right above the resistance zone. | An exit @40.35. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 2.53 points, which is 5.90%. | For a 1.00% total portfolio risk, you can invest 16.95% 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.
42.68
-0.18 (-0.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.42%
1 Week3.79%
2 Weeks2.72%
1 Month3.62%
3 Month129.4%
6 Month138.14%
12 Month170.3%
2 Year191.28%
3 Year232.4%
5 Year262.93%
10 Year715.67%
15 Year595.68%
Volatility
ATR(14)0.81
ATR(20)%1.81%
ATR Inc32.7%
Range Today0.56
ADR(20)0.75
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.01
Mansfield8.26
10 Day High43.13
10 Day Low40.36
20 Day High43.13
20 Day Low40.36
52 Week High43.13
52 Week Low15.51
CS1 End41.68
CR1 Start42.87
Volume & EV
DER(3)0.59%
DER(5)2.14%
Volume5.09M
Volume Incr26.87%
Vol(5)6.56M
Vol(50)4.37M