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Archive
- 4/19/2024 -
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Fastenal Co. (FAST) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Fastenal Co. (FAST). During the week, the FAST dropped -2.88 points, or -4.09%, and closed at 67.57 on Friday, April 19, 2024. Weekly volume was 18% above average.
FAST is a member of Industrials Sector. Industrials is the second 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 October 13, 2022 at 43.73 and reached 79.04 on March 21, 2024. FAST gained -35.31 points, or -80.75%, in 75 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend resistance line (67.55). 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 downtrend had started on March 21, 2024 at 79.04 and reached 67.30 on April 19, 2024. FAST lost 11.74 points, or 14.85%, in 4 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly technical indicators are neutral.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 5, 2024 at 76.87 and reached 67.30 on April 19, 2024. FAST lost 9.57 points, or 12.45%, in 14 days. Price is near the trend low.
 Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily Relative Strength Index is oversold while Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Williams' Percentage Range and Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The daily MACD line is below its signal line since March 25, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
The distance between the Bollinger Bands (22.08%) is close to one year high (17.44%). It is 190.68% higher then one year average. It indicates the period of high volatility of the stock price, and it is considered a sell signal for the option traders. 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 |
8 |
| Industry |
Building Products |
68 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
76.87 |
| High Date |
04/05/2024 |
| Low |
67.30 |
| Low Date |
04/19/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
79.04 |
| High Date |
03/21/2024 |
| Low |
67.30 |
| Low Date |
04/19/2024 |
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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 |
53.83 |
| Low Date |
09/21/2023 |
| High |
79.04 |
| High Date |
03/21/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Test Resistance |
| Resistance |
67.55 |
| Support |
59.38 |
| Low |
43.73 |
| Low Date |
10/13/2022 |
| High |
79.04 |
| High Date |
03/21/2024 |
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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 |
26.72 |
| Low Date |
03/23/2020 |
| High |
79.04 |
| High Date |
03/21/2024 |
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