US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

4 hoursRange52%
4h Range probability 96%Range

FAST 4H chart

EMA21EMA50Bollinger
----

Market View

Market Shift

4h: EMA8/21/50 are in bearish alignment

Confirmation Trigger

Break either side of $44.93 - $49.01 with volume.

Invalidation Trigger

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

Market Context

Trend PhaseBearish
Weak Pullback

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 39.4, MACD -0.124

4h
Volatility EnvironmentRange
Low volatility

ATR is $0.9532 (2.08%)

4h

EMA Structure

Bearish
EMA 8$46.04Bearish
EMA 21$46.49Bearish
EMA 50$46.7Bearish

Signals

CategoryReadStrength
Momentum
RSI 39.4 · MACD -0.124

Momentum is weak

Strength
Bearish
Volatility
ATR $0.9532 · BB 4.50%

Low volatility

Strength
Range
Volume
MFI 58.1 · OBV 5.07%

Relative to 20-period average volume

Strength
Bullish
Price Levels
$44.93 - $49.01

Support/Resistance Distance

Strength
Bearish

Key Levels

Upper risk zone

+9.23% · 4.4 ATR above latest close

$49.96
Nearest resistance

+7.15% · 3.4 ATR above · 34-bar high

$49.01
Current price

Price shown is delayed

$45.74
Nearest support

-1.77% · 0.8 ATR below · 34-bar low

$44.93
Deeper support zone

-3.85% · 1.8 ATR below latest close

$43.98
ATR zone

Latest close ± ATR14

$44.79 - $46.69

Indicators

Trend

Dow Theory Structure

Confirmation $49.01, invalidation $44.93

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

Trend strength is active

32.9 / 29.2 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$42.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$46.97 / $46.97Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Volatility

ATR (14)

Low volatility

$0.9532 (2.08%)Range
Bollinger Bands (20,2)

Width 4.50%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.71 / $44.23Range
ATR channel lower / upper

Current Volatility Envelope

$44.79 / $46.69Range

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.01Range
Support

Nearest Downside Decision Level

$44.93Range

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.124Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 11.9Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Weak expansion

-161.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volume / Money Flow

MFI (14)

Money flow is strong

58.1Bullish
OBV slope

20-period OBV slope

5.07%Bullish
Volume ratio

Relative to 20-period average volume

1.74xBullish

Trend

Dow Theory Structure

Confirmation $49.01, invalidation $44.93

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

Trend strength is active

32.9 / 29.2 / 15.7Bullish
Supertrend (10,3)

Price is above Supertrend

$42.4Bullish
Ichimoku Cloud

Cloud Span A / Span B

$46.97 / $46.97Bearish
Donchian Channel (20)

20-period breakout channel position

20%Bearish

Momentum

RSI (14)

Momentum is weak

39.4Bearish
MACD (12,26,9)

Histogram is negative

-0.124Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

19.9 / 11.9Bullish
Williams %R (14)

Oversold zone

-80.1Bullish
CCI (20)

Weak expansion

-161.7Bearish
TD Sequential

Setup is not extreme

buy 4Bullish

Volatility

ATR (14)

Low volatility

$0.9532 (2.08%)Range
Bollinger Bands (20,2)

Width 4.50%

17%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$48.71 / $44.23Range
ATR channel lower / upper

Current Volatility Envelope

$44.79 / $46.69Range

Volume / Money Flow

MFI (14)

Money flow is strong

58.1Bullish
OBV slope

20-period OBV slope

5.07%Bullish
Volume ratio

Relative to 20-period average volume

1.74xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$49.01Range
Support

Nearest Downside Decision Level

$44.93Range

Related Forecasts