US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

1 weekBullish92%
Weekly Upside probability 92%Bullish

FAST 1W chart

EMA21EMA50Bollinger
----

Market View

Market Shift

Weekly: EMA8/21/50 are in bullish alignment

Confirmation Trigger

Hold above $42.91 and reclaim $52.92.

Invalidation Trigger

Lose $42.91 and MACD turns lower again.

Market Context

Trend PhaseBullish
Constructive Trend

Price is above EMA21

Weekly
Momentum StateBullish
Momentum improving

RSI 63.9, MACD 0.121

Weekly
Volatility EnvironmentRange
Medium volatility

ATR is $2.59 (4.99%)

Weekly

EMA Structure

Bullish
EMA 8$50.61Bullish
EMA 21$49.12Bullish
EMA 50$46.91Bullish

Signals

CategoryReadStrength
Momentum
RSI 63.9 · MACD 0.121

Momentum is strong

Strength
Bullish
Volatility
ATR $2.59 · BB 16.55%

Medium volatility

Strength
Range
Volume
MFI 59.7 · OBV 11.59%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$42.91 - $52.92

Support/Resistance Distance

Strength
Bullish

Key Levels

Upper risk zone

+6.93% · 1.4 ATR above latest close

$55.51
Nearest resistance

+1.94% · 0.4 ATR above · 34-bar high

$52.92
Current price

Price shown is delayed

$51.91
Nearest support

-17.34% · 3.5 ATR below · 34-bar low

$42.91
Deeper support zone

-22.33% · 4.5 ATR below latest close

$40.32
ATR zone

Latest close ± ATR14

$49.32 - $54.5

Indicators

Trend

Dow Theory Structure

Confirmation $51.41, invalidation $47.65

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.9 / 21.8 / 15.0Bullish
Supertrend (10,3)

Price is above Supertrend

$44.94Bullish
Ichimoku Cloud

Cloud Span A / Span B

$49.01 / $45.94Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Volatility

ATR (14)

Medium volatility

$2.59 (4.99%)Range
Bollinger Bands (20,2)

Width 16.55%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$53.88 / $44.57Range
ATR channel lower / upper

Current Volatility Envelope

$49.32 / $54.5Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.92Range
Support

Nearest Downside Decision Level

$42.91Range

Momentum

RSI (14)

Momentum is strong

63.9Bullish
MACD (12,26,9)

Histogram is positive

0.121Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.7 / 80.9Bullish
Williams %R (14)

Overbought zone

-11.3Bearish
CCI (20)

Strong expansion

116.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volume / Money Flow

MFI (14)

Money flow is strong

59.7Bullish
OBV slope

20-period OBV slope

11.59%Bullish
Volume ratio

Relative to 20-period average volume

1.05xRange

Trend

Dow Theory Structure

Confirmation $51.41, invalidation $47.65

range · mixedRange
ADX / +DI / -DI (14)

Trend strength is moderate

19.9 / 21.8 / 15.0Bullish
Supertrend (10,3)

Price is above Supertrend

$44.94Bullish
Ichimoku Cloud

Cloud Span A / Span B

$49.01 / $45.94Bullish
Donchian Channel (20)

20-period breakout channel position

89%Bullish

Momentum

RSI (14)

Momentum is strong

63.9Bullish
MACD (12,26,9)

Histogram is positive

0.121Bullish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

88.7 / 80.9Bullish
Williams %R (14)

Overbought zone

-11.3Bearish
CCI (20)

Strong expansion

116.5Bullish
TD Sequential

Setup is not extreme

sell 5Bearish

Volatility

ATR (14)

Medium volatility

$2.59 (4.99%)Range
Bollinger Bands (20,2)

Width 16.55%

85%Bullish
Keltner Channel upper / lower

ATR channel lower / upper

$53.88 / $44.57Range
ATR channel lower / upper

Current Volatility Envelope

$49.32 / $54.5Range

Volume / Money Flow

MFI (14)

Money flow is strong

59.7Bullish
OBV slope

20-period OBV slope

11.59%Bullish
Volume ratio

Relative to 20-period average volume

1.05xRange

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.92Range
Support

Nearest Downside Decision Level

$42.91Range

Related Forecasts