FASTENAL COMPANY - 1H - Technical analysis published on 04/01/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
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:
Bullish
Underlying:
Strongly bullish
Technical indicators
72%
0%
28%
My opinion
Bullish above 76.67 USD
My targets
78.13 USD (+0.79%)
79.98 USD (+3.17%)
My analysis
The basic bullish trend is very strong on FASTENAL COMPANY but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 76.67 USD. Crossing the first resistance at 78.13 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 79.98 USD as an objective. Crossing it would then enable buyers to target 82.15 USD. Caution, a return to below 76.67 USD would be a sign of a consolidation phase in the short-term basic trend. 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
7.1
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
FASTENAL COMPANY rating 77.52 USD. On the day, this instrument lost -0.04% and was traded between 76.42 USD and 77.56 USD over the period. The price is currently at +1.44% from its lowest and -0.05% from its highest.76.42
77.56
77.52
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this FASTENAL COMPANY chart shows a strongly bullish trend. 82.14% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages show a weakening of the global trend. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point (Daily)
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point (Daily)
Type : Bullish
Timeframe : Weekly
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : 1 hour
Near resistance of triangle
Type : Bearish
Timeframe : 1 hour
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:
Bullish engulfing lines
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 74.36 | 75.86 | 76.67 | 77.52 | 78.13 | 79.98 | 82.15 |
| Change (%) | -4.08% | -2.14% | -1.10% | - | +0.79% | +3.17% | +5.97% |
| Change | -3.16 | -1.66 | -0.85 | - | +0.61 | +2.46 | +4.63 |
| Level | Minor | Minor | Major | - | Intermediate | Minor | 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 | 74.36 | 75.10 | 76.33 | 77.07 | 78.30 | 79.04 | 80.27 |
| Camarilla | 77.01 | 77.19 | 77.37 | 77.55 | 77.73 | 77.91 | 78.09 |
| Woodie | 74.60 | 75.22 | 76.57 | 77.19 | 78.54 | 79.16 | 80.51 |
| Fibonacci | 75.10 | 75.86 | 76.32 | 77.07 | 77.83 | 78.29 | 79.04 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 72.24 | 73.81 | 74.99 | 76.56 | 77.74 | 79.31 | 80.49 |
| Camarilla | 75.41 | 75.67 | 75.92 | 76.17 | 76.42 | 76.67 | 76.93 |
| Woodie | 72.05 | 73.71 | 74.80 | 76.46 | 77.55 | 79.21 | 80.30 |
| Fibonacci | 73.81 | 74.86 | 75.51 | 76.56 | 77.61 | 78.26 | 79.31 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 64.22 | 68.72 | 73.14 | 77.64 | 82.06 | 86.56 | 90.98 |
| Camarilla | 75.10 | 75.92 | 76.73 | 77.55 | 78.37 | 79.19 | 80.00 |
| Woodie | 64.17 | 68.70 | 73.09 | 77.62 | 82.01 | 86.54 | 90.93 |
| Fibonacci | 68.72 | 72.13 | 74.24 | 77.64 | 81.05 | 83.16 | 86.56 |
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): | 53.93 | |
| MACD (12,26,9): | 0.0900 | |
| Directional Movement: | 7.11 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 77.10 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.31 | |
| Elder Ray (13): | 0.12 | |
| Super Trend (3,10): | 75.99 | |
| Zig ZAG (10): | 77.21 | |
| VORTEX (21): | 0.9700 | |
| Stochastique (14,3,5): | 69.63 | |
| TEMA (21): | 77.10 | |
| Williams %R (14): | -31.98 | |
| Chande Momentum Oscillator (20): | 1.02 | |
| Repulse (5,40,3): | 0.3900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0100 | |
| Courbe Coppock: | 1.52 |
| MA7: | 77.10 | |
| MA20: | 76.65 | |
| MA50: | 75.36 | |
| MA100: | 76.65 | |
| MAexp7: | 77.11 | |
| MAexp20: | 76.99 | |
| MAexp50: | 76.80 | |
| MAexp100: | 76.55 | |
| Price / MA7: | +0.54% | |
| Price / MA20: | +1.14% | |
| Price / MA50: | +2.87% | |
| Price / MA100: | +1.14% | |
| Price / MAexp7: | +0.53% | |
| Price / MAexp20: | +0.69% | |
| Price / MAexp50: | +0.94% | |
| Price / MAexp100: | +1.27% |
Quotes :
-
15 min delayed data
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NASDAQ Stocks
News
The last news published on FASTENAL COMPANY at the time of the generation of this analysis 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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