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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of FAST
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Fastenal Company stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on Mar 18, 2024)

Buy or Hold candidate since Jan 23, 2024 Gain 8.91% PDF

The Fastenal Company stock price gained 0.89% on the last trading day (Monday, 18th Mar 2024), rising from $75.03 to $75.70. During the last trading day the stock fluctuated 1.52% from a day low at $75.59 to a day high of $76.74. The price has fallen in 6 of the last 10 days but is still up by 1.22% over the past 2 weeks. Volume fell on the last day by -7 million shares and in total, 3 million shares were bought and sold for approximately $252.77 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a 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 20.66% during the next 3 months and, with a 90% probability hold a price between $87.68 and $93.49 at the end of this 3-month period.

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FAST Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -0.316%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 $75.18 and $71.98. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Fastenal Company stock

Fastenal Company finds support from accumulated volume at $75.03 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.15 (1.52%) between high and low. For the last week, the stock has had daily average volatility of 1.35%.

Our recommended stop-loss: $73.20 (-3.30%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (FAST) For The Upcoming Trading Day Of Tuesday 19th

For the upcoming trading day on Tuesday, 19th we expect Fastenal Company to open at $76.01, and during the day (based on 14 day Average True Range), to move between $74.46 and $76.94, which gives a possible trading interval of +/-$1.24 (+/-1.64%) up or down from last closing price. If Fastenal Company takes out the full calculated possible swing range there will be an estimated 3.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $75.94 (0.32%) than the support at $75.03 (0.89%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 4.315 Buy Candidate Upgraded

Predicted Opening Price for Fastenal Company of Tuesday, March 19, 2024

Fair opening price March 19, 2024 Current price
$76.01 ( 0.410%) $75.70

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

Trading levels for FAST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 77.16 1.93 %
R2 76.72 1.35 %
R1 76.45 0.99 %
Current price: 75.70
Support S1 75.57 -0.171 %
S2 75.30 -0.529 %
S3 74.86 -1.11 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 75.94 0.317 %
Current price 75.70
Support S1 75.03 -0.89%
S2 68.23 -9.87%
S3 67.93 -10.26%

FAST Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 17, 2024 Jan 31, 2024 Feb 29, 2024 $0.390 0.534%
2 Dec 05, 2023 Dec 05, 2023 Dec 20, 2023 $0.380 0.588%
3 Oct 11, 2023 Oct 25, 2023 Nov 24, 2023 $0.350 0.574%
4 Jul 12, 2023 Jul 26, 2023 Aug 24, 2023 $0.350 0.620%
5 Apr 12, 2023 Apr 26, 2023 May 25, 2023 $0.350 0.644%

FAQ

What is the symbol for Fastenal Company Stock and on which exchange is it traded?
The symbol for Fastenal Company is FAST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Fastenal Company Stock?
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

How to buy Fastenal Company Stock?
Fastenal Company Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fastenal Company Stock.

What's the current price of Fastenal Company Stock?
As of the end of day on the 2024-03-18, the price of an Fastenal Company (FAST) share was $75.70.

What is the 52-week high and low for Fastenal Company Stock?
The 52-week high for Fastenal Company Stock is $76.74 and the 52-week low is $50.30.

What is the market capitalization of Fastenal Company Stock?
As of the 2024-03-18, the market capitalization of Fastenal Company is 42.949B.

When is the next earnings date for Fastenal Company?
The upcoming earnings date for Fastenal Company is Apr 11, 2024.
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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, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and ... FAST Profile

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