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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Fastenal Co. (FAST) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third consecutive positive week for the Fastenal Co. (FAST). During the week, the FAST gained 2.45 points, or 3.74%, and closed at 67.89 on Friday, July 19, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was 23% above average.
 Long-term trend: [See FAST long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 43.73 and reached 79.04 on March 21, 2024. FAST gained -35.31 points, or -80.75%, in 75 weeks. The price is now at the 31.58% retracement level.
 Medium-term trend: [See FAST medium-term trend chart]
A medium-term downtrend had started on March 21, 2024 at 79.04 and reached 61.36 on July 2, 2024. FAST lost 17.68 points, or 22.37%, in 14 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See FAST weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See FAST short-term trend chart]
A short-term uptrend had started on July 2, 2024 at 61.36 and reached 71.09 on July 18, 2024. FAST gained -9.73 points, or -15.86%, in 16 days. The price is now at the 32.89% retracement level.
 Daily Technical Indicators: [See FAST daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since July 9, 2024. This is an indication that the short-term trend is up.
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