US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 hourBullish69%
1h Upside probability 69%Bullish

FAST 1H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

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

Confirmation Trigger

Hold above $53.9 and reclaim $56.27.

Invalidation Trigger

Lose $53.9 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

1h
Momentum StateBearish
Momentum soft

RSI 54.5, MACD -0.067

1h
Volatility EnvironmentBullish
Low volatility

ATR is $0.2257 (0.41%)

1h

EMA Structure

Bullish
EMA 8$55.65Bearish
EMA 21$55.47Bullish
EMA 50$54.88Bullish

Signals

CategoryReadStrength
Momentum
RSI 54.5 · MACD -0.067

Neutral zone

Strength
Bearish
Volatility
ATR $0.2257 · BB 1.61%

Low volatility

Strength
Bullish
Volume
MFI 14.0 · OBV -13.98%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$53.9 - $56.27

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+1.7% · 4.2 ATR above latest close

$56.5
Nearest resistance

+1.3% · 3.2 ATR above · 34-bar high

$56.27
Current price

Price shown is delayed

$55.55
Nearest support

-2.97% · 7.3 ATR below · 34-bar low

$53.9
Deeper support zone

-3.38% · 8.3 ATR below latest close

$53.67
ATR zone

Latest close ± ATR14

$55.32 - $55.78

Indicators

Trend

Dow Theory Structure

Confirmation $56.27, invalidation $55.4

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

Trend strength is active

25.6 / 35.3 / 27.4Bullish
Supertrend (10,3)

Price is above Supertrend

$54.75Bullish
Ichimoku Cloud

Cloud Span A / Span B

$55.48 / $54.39Bullish
Donchian Channel (20)

20-period breakout channel position

46%Bullish

Volatility

ATR (14)

Low volatility

$0.2257 (0.41%)Bullish
Bollinger Bands (20,2)

Width 1.61%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$56.02 / $54.96Bullish
ATR channel lower / upper

Current Volatility Envelope

$55.32 / $55.78Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$56.27Range
Support

Nearest Downside Decision Level

$53.9Range

Momentum

RSI (14)

Neutral zone

54.5Range
MACD (12,26,9)

Histogram is negative

-0.067Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.2 / 24.5Bearish
Williams %R (14)

Oversold zone

-81.8Bullish
CCI (20)

Balanced zone

-8.4Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.0Bearish
OBV slope

20-period OBV slope

-13.98%Bearish
Volume ratio

Relative to 20-period average volume

6.20xBullish

Trend

Dow Theory Structure

Confirmation $56.27, invalidation $55.4

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

Trend strength is active

25.6 / 35.3 / 27.4Bullish
Supertrend (10,3)

Price is above Supertrend

$54.75Bullish
Ichimoku Cloud

Cloud Span A / Span B

$55.48 / $54.39Bullish
Donchian Channel (20)

20-period breakout channel position

46%Bullish

Momentum

RSI (14)

Neutral zone

54.5Range
MACD (12,26,9)

Histogram is negative

-0.067Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

18.2 / 24.5Bearish
Williams %R (14)

Oversold zone

-81.8Bullish
CCI (20)

Balanced zone

-8.4Range
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$0.2257 (0.41%)Bullish
Bollinger Bands (20,2)

Width 1.61%

47%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$56.02 / $54.96Bullish
ATR channel lower / upper

Current Volatility Envelope

$55.32 / $55.78Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

14.0Bearish
OBV slope

20-period OBV slope

-13.98%Bearish
Volume ratio

Relative to 20-period average volume

6.20xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$56.27Range
Support

Nearest Downside Decision Level

$53.9Range

Related Forecasts