US stock / ETF

Fastenal Company

FAST · NASDAQ · USD

4 hoursBearish80%
4h Downside probability 80%Bearish

FAST 4H chart

EMA21EMA50Bollinger
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Market View

Market Shift

4h: price is below EMA21, short trend is weak

Confirmation Trigger

Recover $51.2 and stabilize above resistance $52.92.

Invalidation Trigger

Break above $52.92 with RSI back above 50.

Market Context

Trend PhaseRange
Sideways Structure

Price is below EMA21

4h
Momentum StateBearish
Momentum soft

RSI 48.8, MACD -0.072

4h
Volatility EnvironmentBullish
Low volatility

ATR is $0.5214 (1.02%)

4h

EMA Structure

Range
EMA 8$51.06Bullish
EMA 21$51.2Bearish
EMA 50$50.74Bullish

Signals

CategoryReadStrength
Momentum
RSI 48.8 · MACD -0.072

Neutral zone

Strength
Bearish
Volatility
ATR $0.5214 · BB 2.79%

Low volatility

Strength
Bullish
Volume
MFI 35.3 · OBV -7.35%

Relative to 20-period average volume

Strength
Bearish
Price Levels
$50.06 - $52.92

Support/Resistance Distance

Strength
Range

Key Levels

Upper risk zone

+4.61% · 4.5 ATR above latest close

$53.44
Nearest resistance

+3.59% · 3.5 ATR above · 34-bar high

$52.92
Current price

Price shown is delayed

$51.08
Nearest support

-2% · 2.0 ATR below · 34-bar low

$50.06
Deeper support zone

-3.02% · 3.0 ATR below latest close

$49.54
ATR zone

Latest close ± ATR14

$50.56 - $51.6

Indicators

Trend

Dow Theory Structure

Confirmation $50.06, invalidation $51.4

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

Trend strength is active

27.5 / 30.8 / 21.2Bullish
Supertrend (10,3)

Price is above Supertrend

$49.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$51.1 / $50.03Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Volatility

ATR (14)

Low volatility

$0.5214 (1.02%)Bullish
Bollinger Bands (20,2)

Width 2.79%

42%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$52.31 / $50.08Bullish
ATR channel lower / upper

Current Volatility Envelope

$50.56 / $51.6Bullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.92Range
Support

Nearest Downside Decision Level

$50.06Range

Momentum

RSI (14)

Neutral zone

48.8Range
MACD (12,26,9)

Histogram is negative

-0.072Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

51.8 / 54.3Bearish
Williams %R (14)

Neutral zone

-48.2Range
CCI (20)

Balanced zone

-20.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volume / Money Flow

MFI (14)

Money flow is weak

35.3Bearish
OBV slope

20-period OBV slope

-7.35%Bearish
Volume ratio

Relative to 20-period average volume

1.60xBullish

Trend

Dow Theory Structure

Confirmation $50.06, invalidation $51.4

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

Trend strength is active

27.5 / 30.8 / 21.2Bullish
Supertrend (10,3)

Price is above Supertrend

$49.49Bullish
Ichimoku Cloud

Cloud Span A / Span B

$51.1 / $50.03Bearish
Donchian Channel (20)

20-period breakout channel position

52%Range

Momentum

RSI (14)

Neutral zone

48.8Range
MACD (12,26,9)

Histogram is negative

-0.072Bearish
Stochastic %K / %D (14,3,3)

%K / %D momentum cross

51.8 / 54.3Bearish
Williams %R (14)

Neutral zone

-48.2Range
CCI (20)

Balanced zone

-20.1Range
TD Sequential

Setup is not extreme

sell 1Bearish

Volatility

ATR (14)

Low volatility

$0.5214 (1.02%)Bullish
Bollinger Bands (20,2)

Width 2.79%

42%Bearish
Keltner Channel upper / lower

ATR channel lower / upper

$52.31 / $50.08Bullish
ATR channel lower / upper

Current Volatility Envelope

$50.56 / $51.6Bullish

Volume / Money Flow

MFI (14)

Money flow is weak

35.3Bearish
OBV slope

20-period OBV slope

-7.35%Bearish
Volume ratio

Relative to 20-period average volume

1.60xBullish

Levels / Risk

Resistance

Nearest Upside Decision Level

$52.92Range
Support

Nearest Downside Decision Level

$50.06Range

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