US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 hourRange50%
1h Range probability 100%Range

FAST 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Break either side of $44.93 - $49.01 with volume.

Invalidation Trigger

A trend close outside the ATR band changes the range thesis.

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 43.9, MACD -0.151

1h
Volatility EnvironmentRange
Low volatility

ATR is $0.8898 (1.95%)

1h

EMA Structure

Bearish
EMA 8$45.89Bearish
EMA 21$46.34Bearish
EMA 50$46.66Bearish

Signals

CategoryReadStrength
Momentum
RSI 43.9 · MACD -0.151

Momentum is weak

Strength
Bearish
Volatility
ATR $0.8898 · BB 6.68%

Low volatility

Strength
Range
Volume
MFI 77.0 · OBV 17.09%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$44.93 - $49.01

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.09% · 4.7 ATR above latest close

$49.9
Nearest resistance

+7.15% · 3.7 ATR above · 34-bar high

$49.01
Current price

Price shown is delayed

$45.74
Nearest support

-1.77% · 0.9 ATR below · 34-bar low

$44.93
Deeper support zone

-3.72% · 1.9 ATR below latest close

$44.04
ATR zone

Latest close ± ATR14

$44.85 - $46.63

Indicators

Trend

Dow Theory Structure

Confirmation $49.01, invalidation $45.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 26.6 / 37.0Bearish
Supertrend (10,3)

Price is above Supertrend

$42.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$47.01 / $46.97Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Volatility

ATR (14)

Low volatility

$0.8898 (1.95%)Range
Bollinger Bands (20,2)

Width 6.68%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.64 / $44Range
ATR channel lower / upper

Current Volatility Envelope

$44.85 / $46.63Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.01Range
Support

Nearest Downside Decision Level

$44.93Range

Momentum

RSI (14)

Momentum is weak

43.9Bearish
MACD (12,26,9)

Histogram is negative

-0.151Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 14.5Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Balanced zone

-74.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

77.0Bullish
OBV slope

20-period OBV slope

17.09%Bullish
Volume ratio

Relative to 20-period average volume

3.38xBullish

Trend

Dow Theory Structure

Confirmation $49.01, invalidation $45.08

uptrend · HH/HLBullish
ADX / +DI / -DI (14)

Trend strength is moderate

19.5 / 26.6 / 37.0Bearish
Supertrend (10,3)

Price is above Supertrend

$42.28Bullish
Ichimoku Cloud

Cloud Span A / Span B

$47.01 / $46.97Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Momentum

RSI (14)

Momentum is weak

43.9Bearish
MACD (12,26,9)

Histogram is negative

-0.151Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 14.5Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Balanced zone

-74.9Range
TD Sequential

Setup is not extreme

sell 2Bearish

Volatility

ATR (14)

Low volatility

$0.8898 (1.95%)Range
Bollinger Bands (20,2)

Width 6.68%

26%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.64 / $44Range
ATR channel lower / upper

Current Volatility Envelope

$44.85 / $46.63Range

Volume / Money Flow

MFI (14)

Money flow is strong

77.0Bullish
OBV slope

20-period OBV slope

17.09%Bullish
Volume ratio

Relative to 20-period average volume

3.38xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.01Range
Support

Nearest Downside Decision Level

$44.93Range

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