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$60.94 (1.38%)

Volume: 2M

Closed: Nov 29, 2021

Hollow Logo Score: 4.132

Fastenal Company Stock Forecast

$60.94 (1.38%)

Volume: 2M

Closed: Nov 29, 2021

Score Hollow Logo 4.132
Which way will FAST go? Request
Stop-loss: $58.72 (-3.64%)
Key Stats
P/E Ratio 39.39
Beta 0.89
Trailing Dividend Rate 1.82% ($1.11)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Fastenal Company stock holds an RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sell signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Green day on Monday for Fastenal Company stock after gaining 1.38%
(Updated on Nov 29, 2021)

Buy or Hold candidate since 2021-10-29 Gain 6.76%

The Fastenal Company stock price gained 1.38% on the last trading day (Monday, 29th Nov 2021), rising from $60.11 to $60.94. During the day the stock fluctuated 1.73% from a day low at $60.16 to a day high of $61.20. The price has fallen in 6 of the last 10 days, but is still up by 1.16% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 451 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $140.29 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 14.82% during the next 3 months and, with a 90% probability hold a price between $64.62 and $71.62 at the end of this 3-month period.

Signals & Forecast

The Fastenal Company stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $60.86 and $57.86. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, November 16, 2021, and so far it has fallen -0.67%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $53.83 and $52.96. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fastenal Company finds support just below today's level at $53.83. If this is broken, then the next support from accumulated volume will be at $52.96 and $52.72.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.04 between high and low, or 1.73%. For the last week, the stock has had a daily average volatility of 1.35%.

Our recommended stop-loss: $58.72 (-3.64%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)

Is Fastenal Company stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Fastenal Company stock to perform well in the short-term.

Current score: 4.132

Predicted Opening Price for Fastenal Company of Tuesday, November 30, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 30, 2021 Current price
$60.77 $60.94 (Overvalued)
Buy Candidate Unchanged

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Analyst Ratings

On Oct 08, 2021 "Wells Fargo & Company" gave "$50.00 - $45.00" rating for FAST. The price target was set to $52.72+1.4%.

Volatility and Risk
Daily Average Volatility: 1.35 %
Overall Risk: Very High High Medium Low Very Low
1.35 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $61.03
Price: $60.94
Support: $53.83

FAST Insider Trading Show all Trades



Last 100 transactions
Buy: 649 552 | Sell: 641 622 (Shares)
Date Action Amount Person Type
Nov 10, 2021 Sell 99 868 Florness Daniel L Employee Stock Option (Right to Buy)
Nov 10, 2021 Sell 66 740 Florness Daniel L Common Stock
Nov 10, 2021 Buy 99 868 Florness Daniel L Common Stock
Nov 05, 2021 Sell 6 428 Soderberg John Lewis Employee Stock Option (Right to Buy)
Nov 05, 2021 Sell 458 Soderberg John Lewis Common Stock
Show all Insider Trades


Last 100 transactions
Buy: 649 552 | Sell: 641 622 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 61.81 1.42 %
61.41 0.77 %
61.16 0.37 %
Current price: 60.94
Support 60.37 -0.94 %
60.12 -1.34 %
59.73 -1.99 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 61.35 0.67 %
61.23 0.48 %
61.03 0.15 %
Current price 60.94
Support 53.83 -11.67%
52.96 -13.09%
52.72 -13.49%

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About Fastenal Company

Fastenal Company Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally. It offers fasteners, and other industrial and construction supplies primarily under the Fastenal name. The company’s fastener products include threaded fasteners, such as bolts, nuts, screws, studs, and related washers, which are used in manufactured products and buildi... Read more

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