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Archive
- 1/10/2025 -
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Fastenal Co. (FAST) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the Fastenal Co. (FAST). During the week, the FAST gave back -0.06 points, or -0.08%, and closed at 71.63 on Friday, January 10, 2025. Weekly volume was -19% below average.
 Long-term trend: [See FAST long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.72 and reached 84.88 on November 11, 2024. FAST gained -58.16 points, or -217.66%, in 242 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 60.17 and resistance is at 84.21. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a long-term trend.
 Medium-term trend: [See FAST medium-term trend chart]
A medium-term uptrend had started on July 2, 2024 at 61.36 and reached 84.88 on November 11, 2024. FAST gained -23.52 points, or -38.33%, in 18 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 69.37 and resistance is at 92.19. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. Use the following link to access a MACD help.
 Short-term trend: [See FAST short-term trend chart]
A short-term downtrend had started on November 11, 2024 at 84.88 and reached 70.72 on January 3, 2025. FAST lost 14.16 points, or 16.68%, in 53 days. The price is now at the 6.43% retracement level.
 Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since November 15, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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