FASTENAL COMPANY

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FAST
ISIN:

FASTENAL COMPANY - Daily - Technical analysis published on 01/09/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

17%

39%

44%

My opinion

Bullish above 61.31 USD

My targets

65.45 USD (+4.97%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on FASTENAL COMPANY. As long as you are above the support located at 61.31 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 65.45 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. If the support 61.31 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

Technical indicators are opposing the general bullish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.

Force

1.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The FASTENAL COMPANY price is 62.35 USD. The price is lower by -0.19% since the last closing with the lowest point at 61.33 USD and the highest point at 62.35 USD. The deviation from the price is +1.66% for the low point and 0% for the high point.

61.33

62.35

The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.

Opening Gap DOWN

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by FASTENAL COMPANY:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New LOW record (1st january)

Type : Bearish

Timeframe : Weekly

New LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of FASTENAL COMPANY indicates that the overall trend is bullish. 71.43% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

The probability of a further decline is low given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

The Central Indicators scanner specialised in technical indicators, has not detected anything further.

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near horizontal support

Type : Bullish

Timeframe : Daily

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	57.81	59.35	61.31	62.35	65.45
Change (%)	-7.28%	-4.81%	-1.67%	-	+4.97%
Change	-4.54	-3.00	-1.04	-	+3.10
Level	Major	Major	Major	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61.58	61.79	62.13	62.34	62.68	62.89	63.23
Camarilla	62.32	62.37	62.42	62.47	62.52	62.57	62.62
Woodie	61.65	61.82	62.20	62.37	62.75	62.92	63.30
Fibonacci	61.79	62.00	62.13	62.34	62.55	62.68	62.89

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	57.79	59.72	60.85	62.78	63.91	65.84	66.97
Camarilla	61.14	61.42	61.70	61.98	62.26	62.54	62.82
Woodie	57.39	59.52	60.45	62.58	63.51	65.64	66.57
Fibonacci	59.72	60.89	61.61	62.78	63.95	64.67	65.84

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	54.65	57.03	60.90	63.28	67.15	69.53	73.40
Camarilla	63.05	63.62	64.20	64.77	65.34	65.92	66.49
Woodie	55.40	57.40	61.65	63.65	67.90	69.90	74.15
Fibonacci	57.03	59.42	60.89	63.28	65.67	67.14	69.53

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	44.66
MACD (12,26,9):	0.2700
Directional Movement:	-14.13
AROON (14):	-64.29
DEMA (21):	63.76
Parabolic SAR (0,02-0,02-0,2):	64.41
Elder Ray (13):	-1.36
Super Trend (3,10):	64.22
Zig ZAG (10):	62.20
VORTEX (21):	0.9200
Stochastique (14,3,5):	17.03
TEMA (21):	63.00
Williams %R (14):	-79.68
Chande Momentum Oscillator (20):	-2.45
Repulse (5,40,3):	1.1500
ROCnROLL:	-1
TRIX (15,9):	0.1900
Courbe Coppock:	3.95

MA7:	62.77
MA20:	63.95
MA50:	61.47
MA100:	58.57
MAexp7:	62.78
MAexp20:	63.11
MAexp50:	61.61
MAexp100:	59.59
Price / MA7:	-0.67%
Price / MA20:	-2.50%
Price / MA50:	+1.43%
Price / MA100:	+6.45%
Price / MAexp7:	-0.68%
Price / MAexp20:	-1.20%
Price / MAexp50:	+1.20%
Price / MAexp100:	+4.63%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The latest news and videos published on FASTENAL COMPANY at the time of the analysis were as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

About author

Londinia AI

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