FASTENAL COMPANY

- USD (-)

- 15 min delayed data - NASDAQ Stocks

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Type:	Stocks
Ticker:	FAST
ISIN:

FASTENAL COMPANY - 1H - Technical analysis published on 11/07/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : WITHOUT TARGET

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 80.58 USD

My targets

My analysis

FASTENAL COMPANY is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 80.58 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

8.6

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 83.51 USD. On the day, this instrument lost -0.07% and was between 82.75 USD and 83.53 USD. This implies that the price is at +0.92% from its lowest and at -0.02% from its highest.

82.75

83.53

83.51

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of FASTENAL COMPANY in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 14 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Near resistance of channel

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	70.52	75.25	77.13	83.51
Change (%)	-15.56%	-9.89%	-7.64%	-
Change	-12.99	-8.26	-6.38	-
Level	Major	Major	Major	-

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	77.61	78.90	81.23	82.52	84.85	86.14	88.47
Camarilla	82.58	82.91	83.24	83.57	83.90	84.23	84.57
Woodie	78.14	79.16	81.76	82.78	85.38	86.40	89.00
Fibonacci	78.90	80.28	81.13	82.52	83.90	84.75	86.14

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	73.32	74.50	76.36	77.54	79.40	80.58	82.44
Camarilla	77.39	77.67	77.95	78.23	78.51	78.79	79.07
Woodie	73.67	74.67	76.71	77.71	79.75	80.75	82.79
Fibonacci	74.50	75.66	76.38	77.54	78.70	79.42	80.58

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	62.19	65.60	71.89	75.30	81.59	85.00	91.29
Camarilla	75.51	76.40	77.29	78.18	79.07	79.96	80.85
Woodie	63.63	66.32	73.33	76.02	83.03	85.72	92.73
Fibonacci	65.60	69.31	71.60	75.30	79.01	81.30	85.00

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	78.91
MACD (12,26,9):	1.4400
Directional Movement:	31.73
AROON (14):	71.43
DEMA (21):	83.14
Parabolic SAR (0,02-0,02-0,2):	81.49
Elder Ray (13):	1.04
Super Trend (3,10):	81.55
Zig ZAG (10):	83.37
VORTEX (21):	1.2300
Stochastique (14,3,5):	89.18
TEMA (21):	83.94
Williams %R (14):	-6.62
Chande Momentum Oscillator (20):	5.39
Repulse (5,40,3):	0.4700
ROCnROLL:	1
TRIX (15,9):	0.2200
Courbe Coppock:	13.43

MA7:	79.67
MA20:	77.67
MA50:	72.68
MA100:	69.27
MAexp7:	82.97
MAexp20:	81.38
MAexp50:	79.55
MAexp100:	78.02
Price / MA7:	+4.82%
Price / MA20:	+7.52%
Price / MA50:	+14.90%
Price / MA100:	+20.56%
Price / MAexp7:	+0.65%
Price / MAexp20:	+2.62%
Price / MAexp50:	+4.98%
Price / MAexp100:	+7.04%

Quotes : - 15 min delayed data - NASDAQ Stocks

News

The last news published on FASTENAL COMPANY at the time of the generation of this analysis was as follows:

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

About author

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