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Uptrend ExhaustionArchive
- 5/10/2024 -
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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 -0.55 points, or -0.80%, and closed at 67.88 on Friday, May 10, 2024. Weekly volume was 8% 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 price is now at the 31.61% retracement level.
 Medium-term trend: [See FAST medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 79.04 and reached 65.92 on May 8, 2024. FAST lost 13.12 points, or 16.60%, in 6 weeks. The price is now at the 14.94% retracement level.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 May 3, 2024 at 68.95 and reached 65.92 on May 8, 2024. FAST lost 3.03 points, or 4.39%, in 5 days. The price is now at the 64.69% retracement level.
 Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 1, 2024. The distance between MACD and the signal line is low, but getting bigger.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.
The distance between the Bollinger Bands is falling, and it was 4.12% on Friday. It is 50.72% lower than one year average. It indicates the period of low volatility of the stock price. 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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