FASTENAL COMPANY - 1H - Technical analysis published on 01/21/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 75.22 USD
My targets
77.13 USD (+1.42%)
78.90 USD (+3.75%)
My analysis
The bullish trend is currently very strong on FASTENAL COMPANY. As long as the price remains above the support at 75.22 USD, you could try to benefit from the boom. The first bullish objective is located at 77.13 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 78.90 USD as an objective. Crossing it would then enable buyers to target 80.39 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
FASTENAL COMPANY rating 76.05 USD. The price is lower by -0.04% since the last closing and was between 75.92 USD and 77.72 USD. This implies that the price is at +0.17% from its lowest and at -2.15% from its highest.75.92
77.72
76.05
A study of price movements over other periods shows the following variations:
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. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are bullish. There is still some doubt about the price increase.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 71.34 | 73.48 | 75.22 | 76.05 | 77.13 | 78.90 | 80.39 |
| Change (%) | -6.19% | -3.38% | -1.09% | - | +1.42% | +3.75% | +5.71% |
| Change | -4.71 | -2.57 | -0.83 | - | +1.08 | +2.85 | +4.34 |
| Level | Intermediate | Minor | Intermediate | - | Major | Major | Minor |
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 | 68.99 | 70.75 | 73.42 | 75.18 | 77.85 | 79.61 | 82.28 |
| Camarilla | 74.86 | 75.27 | 75.67 | 76.08 | 76.49 | 76.89 | 77.30 |
| Woodie | 69.44 | 70.98 | 73.87 | 75.41 | 78.30 | 79.84 | 82.73 |
| Fibonacci | 70.75 | 72.45 | 73.49 | 75.18 | 76.88 | 77.92 | 79.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.50 | 69.57 | 72.82 | 74.89 | 78.14 | 80.21 | 83.46 |
| Camarilla | 74.62 | 75.11 | 75.59 | 76.08 | 76.57 | 77.06 | 77.54 |
| Woodie | 68.10 | 69.87 | 73.42 | 75.19 | 78.74 | 80.51 | 84.06 |
| Fibonacci | 69.57 | 71.60 | 72.85 | 74.89 | 76.92 | 78.17 | 80.21 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 54.59 | 62.93 | 67.42 | 75.76 | 80.25 | 88.59 | 93.08 |
| Camarilla | 68.38 | 69.56 | 70.73 | 71.91 | 73.09 | 74.26 | 75.44 |
| Woodie | 52.67 | 61.97 | 65.50 | 74.80 | 78.33 | 87.63 | 91.16 |
| Fibonacci | 62.93 | 67.83 | 70.86 | 75.76 | 80.66 | 83.69 | 88.59 |
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): | 59.66 | |
| MACD (12,26,9): | 0.8300 | |
| Directional Movement: | -0.30 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 76.94 | |
| Parabolic SAR (0,02-0,02-0,2): | 75.29 | |
| Elder Ray (13): | 0.31 | |
| Super Trend (3,10): | 74.66 | |
| Zig ZAG (10): | 76.56 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 82.68 | |
| TEMA (21): | 77.22 | |
| Williams %R (14): | -21.25 | |
| Chande Momentum Oscillator (20): | 3.08 | |
| Repulse (5,40,3): | -0.3500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1500 | |
| Courbe Coppock: | 5.70 |
| MA7: | 74.29 | |
| MA20: | 73.49 | |
| MA50: | 78.38 | |
| MA100: | 75.20 | |
| MAexp7: | 76.73 | |
| MAexp20: | 75.88 | |
| MAexp50: | 74.68 | |
| MAexp100: | 74.36 | |
| Price / MA7: | +2.37% | |
| Price / MA20: | +3.48% | |
| Price / MA50: | -2.97% | |
| Price / MA100: | +1.13% | |
| Price / MAexp7: | -0.89% | |
| Price / MAexp20: | +0.22% | |
| Price / MAexp50: | +1.83% | |
| Price / MAexp100: | +2.27% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
Don't forget to follow the news on FASTENAL COMPANY. At the time of publication of this analysis, the latest news was as follows:
- Fastenal Company Reports 2023 First Quarter Earnings
- Fastenal Company Announces Cash Dividend
- Fastenal Company Announces Conference Call to Review 2023 First Quarter Earnings
- Fastenal Names New Executive VP of Human Resources
- Fastenal Company Reports 2022 Annual and Fourth Quarter Earnings
This member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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