US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 weekBullish75%
Weekly Upside probability 75%Bullish

FAST 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $39.03 and reclaim $49.67.

Invalidation Trigger

Lose $39.03 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 52.4, MACD 0.008

Weekly
Volatility EnvironmentBearish
High volatility

ATR is $2.29 (5.03%)

Weekly

EMA Structure

Bullish
EMA 8$45.52Bullish
EMA 21$45.14Bullish
EMA 50$44.07Bullish

Signals

CategoryReadStrength
Momentum
RSI 52.4 · MACD 0.008

Neutral zone

Strength
Bullish
Volatility
ATR $2.29 · BB 11.64%

High volatility

Strength
Bearish
Volume
MFI 52.5 · OBV -18.01%

Relative to 20-period average volume

Strength
Range
Price Levels
$39.03 - $49.67

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+13.93% · 2.8 ATR above latest close

$51.96
Nearest resistance

+8.9% · 1.8 ATR above · 34-bar high

$49.67
Current price

Price shown is delayed

$45.61
Nearest support

-14.43% · 2.9 ATR below · 34-bar low

$39.03
Deeper support zone

-19.45% · 3.9 ATR below latest close

$36.74
ATR zone

Latest close ± ATR14

$43.32 - $47.9

Indicators

Trend

Dow Theory Structure

Confirmation $42.93, invalidation $47.77

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

Trend strength is active

30.5 / 23.5 / 14.7Bullish
Supertrend (10,3)

Price is above Supertrend

$40.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$45.07 / $44.83Bullish
Donchian Channel (20)

20-period breakout channel position

40%Range

Volatility

ATR (14)

High volatility

$2.29 (5.03%)Bearish
Bollinger Bands (20,2)

Width 11.64%

51%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$48.6 / $41.73Bearish
ATR channel lower / upper

Current Volatility Envelope

$43.32 / $47.9Bearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.67Range
Support

Nearest Downside Decision Level

$39.03Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is positive

0.008Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

39.8 / 45.9Bearish
Williams %R (14)

Neutral zone

-60.2Range
CCI (20)

Balanced zone

16.9Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

-18.01%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Trend

Dow Theory Structure

Confirmation $42.93, invalidation $47.77

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

Trend strength is active

30.5 / 23.5 / 14.7Bullish
Supertrend (10,3)

Price is above Supertrend

$40.62Bullish
Ichimoku Cloud

Cloud Span A / Span B

$45.07 / $44.83Bullish
Donchian Channel (20)

20-period breakout channel position

40%Range

Momentum

RSI (14)

Neutral zone

52.4Range
MACD (12,26,9)

Histogram is positive

0.008Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

39.8 / 45.9Bearish
Williams %R (14)

Neutral zone

-60.2Range
CCI (20)

Balanced zone

16.9Range
TD Sequential

Setup is not extreme

sell 4Bearish

Volatility

ATR (14)

High volatility

$2.29 (5.03%)Bearish
Bollinger Bands (20,2)

Width 11.64%

51%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$48.6 / $41.73Bearish
ATR channel lower / upper

Current Volatility Envelope

$43.32 / $47.9Bearish

Volume / Money Flow

MFI (14)

Money flow is neutral

52.5Range
OBV slope

20-period OBV slope

-18.01%Bearish
Volume ratio

Relative to 20-period average volume

0.25xBearish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.67Range
Support

Nearest Downside Decision Level

$39.03Range

Related Forecasts