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FASTENAL COMPANY
FASTENAL COMPANY
- USD (-)
- 15 min delayed data - NASDAQ Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: FAST
ISIN:

FASTENAL COMPANY - 1H - Technical analysis published on 12/21/2023 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

A split or consolidation has occurred on this instrument. There is no more graph available on this analysis.

Summary of the analysis

Trends
Short term: Neutral
Underlying: Bullish
Technical indicators
11%
33%
56%
My opinion
Bullish above 63.02 USD
My targets
65.33 USD (+1.07%)
My analysis
Has the basic bullish trend slowed or is it lacking in power? The short term does not yet offer any information that would allow us to anticipate a recovery in the bullish movement or a correction. Sellers' generally have the upper hand, even if a small correction (not tradeable) on the support located at 63.02 USD remains possible. It is advisable to trade FASTENAL COMPANY with the greatest caution, while favouring long positions (at the time of purchase) as long as the price remains well above 63.02 USD. The next bullish objective for buyers is set at 65.33 USD. A bullish break in this resistance would boost the bullish momentum. PS: if there is a bearish break in the support located at 63.02 USD we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.

Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
2.5

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The FASTENAL COMPANY price is 64.64 USD. The price is lower by -0.08% since the last closing with the lowest point at 64.53 USD and the highest point at 65.33 USD. The deviation from the price is +0.17% for the low point and -1.06% for the high point.

64.53
65.33
64.64

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following results:

Central Records

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of FASTENAL COMPANY in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by the short-term moving averages indicate that this bullish trend is showing signs of running out of steam. An assessment of moving averages reveals several bearish signals that could impact this trend:

Central Indicators

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour


Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : 1 hour



An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner specialised in technical indicators, has not detected anything further.

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Central Patterns

Near support of channel

Type : Bullish

Timeframe : 1 hour



There is also a Japanese candlestick pattern detected by Central Candlesticks that could mark the end of the current short-term trend:

Central Candlesticks

Doji

Type : Neutral

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
Price


S3S2S1PriceR1
ProTrendLines 61.31 63.02 64.46 64.64 65.33
Change (%) -5.15% -2.51% -0.28% - +1.07%
Change -3.33 -1.62 -0.18 - +0.69
Level Major Minor Minor - Intermediate



Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard63.8564.1664.4264.7364.9965.3065.56
Camarilla64.5364.5964.6464.6964.7464.8064.85
Woodie63.8464.1564.4164.7264.9865.2965.55
Fibonacci64.1664.3764.5164.7364.9465.0865.30


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard61.0061.6962.9263.6164.8465.5366.76
Camarilla63.6363.8163.9864.1664.3464.5164.69
Woodie61.2861.8363.2063.7565.1265.6767.04
Fibonacci61.6962.4262.8763.6164.3464.7965.53


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard54.7156.1957.9059.3861.0962.5764.28
Camarilla58.7259.0259.3159.6059.8960.1960.48
Woodie54.8256.2558.0159.4461.2062.6364.39
Fibonacci56.1957.4158.1759.3860.6061.3662.57

Numerical data


The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators
Moving averages

RSI (14): 52.80
MACD (12,26,9): 0.2300
Directional Movement: 4.70
AROON (14): 57.15
DEMA (21): 65.00
Parabolic SAR (0,02-0,02-0,2): 65.32
Elder Ray (13): -0.03
Super Trend (3,10): 64.31
Zig ZAG (10): 64.64
VORTEX (21): 1.1200
Stochastique (14,3,5): 34.48
TEMA (21): 64.94
Williams %R (14): -79.31
Chande Momentum Oscillator (20): -0.10
Repulse (5,40,3): -0.7100
ROCnROLL: -1
TRIX (15,9): 0.0600
Courbe Coppock: 1.07
MA7: 64.32
MA20: 62.11
MA50: 60.02
MA100: 57.70
MAexp7: 64.82
MAexp20: 64.67
MAexp50: 64.06
MAexp100: 63.09
Price / MA7: +0.50%
Price / MA20: +4.07%
Price / MA50: +7.70%
Price / MA100: +12.03%
Price / MAexp7: -0.28%
Price / MAexp20: -0.05%
Price / MAexp50: +0.91%
Price / MAexp100: +2.46%

Quotes : - 15 min delayed data - NASDAQ Stocks

News


Don't forget to follow the news on FASTENAL COMPANY. At the time of publication of this analysis, the latest news was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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