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Archive
- 4/4/2025 -
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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 dropped -1.75 points, or -2.30%, and closed at 74.42 on Friday, April 4, 2025. Weekly volume was 35% above 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 61.66 and resistance is at 85.70. 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 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 7 weeks. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (69.63). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See FAST short-term trend chart]
A short-term uptrend had started on January 3, 2025 at 70.72 and reached 82.15 on March 10, 2025. FAST gained -11.43 points, or -16.16%, in 66 days. The price is now at the 67.63% retracement level.
Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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