FASTENAL CO (FAST) Stock Technical Analysis
NASDAQ:FAST - Nasdaq - US3119001044 - Common Stock - Currency: USD
Taking everything into account, FAST scores 9 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.
The long and short term trends are both positive. This is looking good!
FAST is one of the better performing stocks in the Trading Companies & Distributors industry, it outperforms 100% of 48 stocks in the same industry.
FAST is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month FAST has a been trading in the 41.23 - 48.10 range, which is quite wide. It is currently trading near the high of this range.
FAST has an average volume of 5601000 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 98% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
Although FAST has an excellent technical rating, it does not offer a high 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
17.60
48.23
We found 3 important support areas.
- A support zone ranging from 40.66 to 40.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.30 from a horizontal line in the daily time frame.
- Support @17.78 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 | UP | POSITIVE | The short term trend for FAST is up. |
| ChartMill Relative Strength | 98.13 | POSITIVE | FAST has a high relative strength, it outperformed 98.13% 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) | 82.48 | OVERBOUGHT | The high RSI value suggests FAST may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests FAST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 96.35 | OVERBOUGHT | The high Stochastics value suggests FAST may be overbought. |
| Average True Range in percent/ATR (20) | 1.82 | LOW VOLATILITY | The low ATR as a percentage value for FAST suggests low volalility. |
| Average Directional Index/ADX (14) | 60.62 | 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)
47.75
-0.18 (-0.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryTrading Companies & Distributors
Performance
% Chg-0.38%
1 Week3.67%
2 Weeks10.35%
1 Month15.62%
3 Month136.59%
6 Month152.88%
12 Month171.42%
2 Year225.88%
3 Year271.89%
5 Year306.04%
10 Year812.57%
15 Year678.32%
Volatility
ATR(14)0.92
ATR(20)%1.82%
ATR Inc-10.88%
Range Today0.84
ADR(20)0.84
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
CRS98.13
Mansfield8.7
10 Day High48.1
10 Day Low43.79
20 Day High48.1
20 Day Low41.23
52 Week High48.1
52 Week Low16.02
CS1 End40.93
CR1 StartN/A
Volume & EV
DER(3)2.33%
DER(5)1.37%
Volume5.51M
Volume Incr-23.47%
Vol(5)5.69M
Vol(50)5.60M