US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 hourRange51%
1h Range probability 98%Range

FAST 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

1h: price is below EMA21, short trend is weak

Confirmation Trigger

Break either side of $51.11 - $53 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

1h
Momentum StateBearish
Momentum soft

RSI 45.1, MACD -0.083

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.3729 (0.72%)

1h

EMA Structure

Range
EMA 8$52.21Bearish
EMA 21$52.24Bearish
EMA 50$51.98Bearish

Signals

CategoryReadStrength
Momentum
RSI 45.1 · MACD -0.083

Neutral zone

Strength
Bearish
Volatility
ATR $0.3729 · BB 2.46%

Low volatility

Strength
Bullish
Volume
MFI 65.4 · OBV 12.55%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$51.11 - $53

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+2.96% · 4.1 ATR above latest close

$53.37
Nearest resistance

+2.24% · 3.1 ATR above · 34-bar high

$53
Current price

Price shown is delayed

$51.84
Nearest support

-1.41% · 2.0 ATR below · 34-bar low

$51.11
Deeper support zone

-2.13% · 3.0 ATR below latest close

$50.74
ATR zone

Latest close ± ATR14

$51.47 - $52.21

Indicators

Trend

Dow Theory Structure

Confirmation $53, invalidation $52.12

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

Trend strength is moderate

6.6 / 26.4 / 31.9Bearish
Supertrend (10,3)

Price is above Supertrend

$50.73Bullish
Ichimoku Cloud

Cloud Span A / Span B

$52.25 / $51.96Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Volatility

ATR (14)

Low volatility

$0.3729 (0.72%)Bullish
Bollinger Bands (20,2)

Width 2.46%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$53.01 / $51.48Bullish
ATR channel lower / upper

Current Volatility Envelope

$51.47 / $52.21Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$53Range
Support

Nearest Downside Decision Level

$51.11Range

Momentum

RSI (14)

Neutral zone

45.1Range
MACD (12,26,9)

Histogram is negative

-0.083Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.0 / 25.1Bearish
Williams %R (14)

Oversold zone

-100.0Bullish
CCI (20)

Weak expansion

-135.7Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

65.4Bullish
OBV slope

20-period OBV slope

12.55%Bullish
Volume ratio

Relative to 20-period average volume

2.55xBullish

Trend

Dow Theory Structure

Confirmation $53, invalidation $52.12

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

Trend strength is moderate

6.6 / 26.4 / 31.9Bearish
Supertrend (10,3)

Price is above Supertrend

$50.73Bullish
Ichimoku Cloud

Cloud Span A / Span B

$52.25 / $51.96Bearish
Donchian Channel (20)

20-period breakout channel position

34%Range

Momentum

RSI (14)

Neutral zone

45.1Range
MACD (12,26,9)

Histogram is negative

-0.083Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

0.0 / 25.1Bearish
Williams %R (14)

Oversold zone

-100.0Bullish
CCI (20)

Weak expansion

-135.7Bearish
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

Low volatility

$0.3729 (0.72%)Bullish
Bollinger Bands (20,2)

Width 2.46%

14%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$53.01 / $51.48Bullish
ATR channel lower / upper

Current Volatility Envelope

$51.47 / $52.21Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

65.4Bullish
OBV slope

20-period OBV slope

12.55%Bullish
Volume ratio

Relative to 20-period average volume

2.55xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$53Range
Support

Nearest Downside Decision Level

$51.11Range

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