FAST Forecast and Technical Stock AnalysisSell candidate since 2019-06-21 Loss -6.17%
Fastenal Company fell by -2.21% in the last day ( Wednesday, 17th Jul 2019 ) from $31.28 to $30.59 During day the stock fluctuated 2.30% from a day low at $30.59 to a day high of $31.30. The price has fallen in 7 of the last 10 days and is down by -4.76% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.15 million shares and in total 3.46 million shares bought and sold for approximately $105.87 million.
- 30 day high of the FAST stock price was $33.24 and low was $29.44.
- 90 day high was $71.88 and low was $29.44.
- 52 week high for the Fastenal Company - $71.88 and low - $29.44.
Fastenal Company lies the upper part of a very wide and falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $32.01 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -61.72% during the next 3 months and, with 90% probability hold a price between $0.29 and $12.25 at the end of this period.
There are few to none technical positive signals at the moment. Fastenal Company holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at $30.95 and $31.81. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday July 16, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 38 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
Support & Resistance
Fastenal Company finds support from accumulated volume at $30.50.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.71 (2.30%) between high and low. For the last week, the stock has had a daily average volatility of 2.72%.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
2.72 %Average volatility
Very Low Low Medium High Very High
|FAST $30.59 ($-0.69 -2.21%)|
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