US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 weekBullish63%
Weekly Upside probability 63%Bullish

FAST 1W chart

EMA21EMA50Bollinger
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Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $39.38 and reclaim $49.67.

Invalidation Trigger

Lose $39.38 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 51.0, MACD 0.074

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $2.4 (5.24%)

Weekly

EMA Structure

Bullish
EMA 8$46.3Bearish
EMA 21$45.66Bullish
EMA 50$44.44Bullish

Signals

CategoryReadStrength
Momentum
RSI 51.0 · MACD 0.074

Neutral zone

Strength
Bullish
Volatility
ATR $2.4 · BB 13.22%

High volatility

Strength
Bearish
Volume
MFI 45.7 · OBV -3.69%

Relative to 20-period average volume

Strength
Range
Price Levels
$39.38 - $49.67

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+13.83% · 2.6 ATR above latest close

$52.07
Nearest resistance

+8.59% · 1.6 ATR above · 34-bar high

$49.67
Current price

Price shown is delayed

$45.74
Nearest support

-13.9% · 2.7 ATR below · 34-bar low

$39.38
Deeper support zone

-19.14% · 3.7 ATR below latest close

$36.98
ATR zone

Latest close ± ATR14

$43.34 - $48.14

Indicators

Trend

Dow Theory Structure

Confirmation $42.91, invalidation $47.78

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

23.5 / 16.8 / 19.8Bearish
Supertrend (10,3)

Price is above Supertrend

$40.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$45.71 / $44.8Bullish
Donchian Channel (20)

20-period breakout channel position

42%Range

Volatility

ATR (14)

High volatility

$2.4 (5.24%)Bearish
Bollinger Bands (20,2)

Width 13.22%

50%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$50.27 / $41.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$43.34 / $48.14Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.67Range
Support

Nearest Downside Decision Level

$39.38Range

Momentum

RSI (14)

Neutral zone

51.0Range
MACD (12,26,9)

Histogram is positive

0.074Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.4 / 61.2Bearish
Williams %R (14)

Neutral zone

-53.6Range
CCI (20)

Balanced zone

51.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.7Range
OBV slope

20-period OBV slope

-3.69%Bearish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Trend

Dow Theory Structure

Confirmation $42.91, invalidation $47.78

downtrend · LH/LLBearish
ADX / +DI / -DI (14)

Trend strength is active

23.5 / 16.8 / 19.8Bearish
Supertrend (10,3)

Price is above Supertrend

$40.12Bullish
Ichimoku Cloud

Cloud Span A / Span B

$45.71 / $44.8Bullish
Donchian Channel (20)

20-period breakout channel position

42%Range

Momentum

RSI (14)

Neutral zone

51.0Range
MACD (12,26,9)

Histogram is positive

0.074Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

46.4 / 61.2Bearish
Williams %R (14)

Neutral zone

-53.6Range
CCI (20)

Balanced zone

51.7Range
TD Sequential

Setup is not extreme

buy 2Bullish

Volatility

ATR (14)

High volatility

$2.4 (5.24%)Bearish
Bollinger Bands (20,2)

Width 13.22%

50%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$50.27 / $41.14Bearish
ATR channel lower / upper

Current Volatility Envelope

$43.34 / $48.14Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

45.7Range
OBV slope

20-period OBV slope

-3.69%Bearish
Volume ratio

Relative to 20-period average volume

0.28xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.67Range
Support

Nearest Downside Decision Level

$39.38Range

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