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Downtrend Broken Resist.Archive
- 5/2/2025 -
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Fastenal Co. (FAST) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week for the Fastenal Co. (FAST). During the week, the FAST gained 1.39 points, or 1.72%, and closed at 82.12 on Friday, May 2, 2025. Weekly volume was 16% 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 62.14 and resistance is at 86.19. 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 April 8, 2025 at 70.61 and reached 82.42 on April 15, 2025. FAST gained -11.81 points, or -16.73%, in 1 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
The weekly MACD line is above its signal line since April 11, 2025. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. 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 April 15, 2025 at 82.42 and reached 78.85 on April 30, 2025. FAST lost 3.57 points, or 4.33%, in 15 days. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern.
Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range.
The daily MACD line is above its signal line since May 1, 2025. The distance between MACD and the signal line is low and getting smaller.
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