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Uptrend ExhaustionArchive
- 11/8/2024 -
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Fastenal Co. (FAST) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a second consecutive positive week for the Fastenal Co. (FAST). During the week, the FAST gained 5.48 points, or 7.00%, and closed at 83.74 on Friday, November 8, 2024. FAST was trading at average weekly trading volume.
FAST is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See FAST long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 26.72 and reached 84.05 on November 8, 2024. FAST gained -57.33 points, or -214.56%, in 241 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (83.16). 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 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 84.05 on November 8, 2024. FAST gained -22.69 points, or -36.98%, in 18 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since September 6, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 October 24, 2024 at 75.21 and reached 84.05 on November 8, 2024. FAST gained -8.84 points, or -11.75%, in 15 days. Price is near the trend high.
 Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is above its signal line since November 5, 2024. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Industrials |
10 |
| Industry |
Building Products |
70 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
75.21 |
| Low Date |
10/24/2024 |
| High |
84.05 |
| High Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
64.09 |
| Low Date |
09/05/2024 |
| High |
84.05 |
| High Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
61.36 |
| Low Date |
07/02/2024 |
| High |
84.05 |
| High Date |
11/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
43.73 |
| Low Date |
10/13/2022 |
| High |
84.05 |
| High Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
83.16 |
| Support |
59.12 |
| Low |
26.72 |
| Low Date |
03/23/2020 |
| High |
84.05 |
| High Date |
11/08/2024 |
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