August 21, 2024, 11:06 a.m. ET, BY Billy Contributor | Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer-term trading plans for FAST

• BUY FAST, just above 64.38, target 70.83, stop loss at 64.19 Details

The technical summary data tells us to buy FAST at 64.38, with an upside target of 70.83. This data also tells us to set a stop loss at 64.19 to protect ourselves from excessive losses in case the stock starts moving against the trade. 64.38 is the first support level below 67.635, and by rule, any test of support is a buy signal. In this case, support at 64.38 would be tested, so a buy signal would be present.

• Short FAST just below 70.83, target 64.38, stop loss at 71.03 Details

The technical summary data suggests a short of FAST as it approaches 70.83, with a downside target of 64.38. However, we should place a stop loss at 71.03. 70.83 is the first resistance level above 67.635, and any test of resistance is usually a short signal. In this case, a short signal would be present if the 70.83 resistance is tested.

Swing Trading Plans for FAST

• BUY QUICKLY just above 70.83, target 77.35, stop loss at 70.63 Details

If 70.83 starts to rise, the technical summary data tells us to buy FAST just above 70.83, with an upside target of 77.35. The data also tells us to set a stop loss at 70.63 in case the stock turns against the trade. 70.83 is the first resistance level above 67.635, and any break above resistance is usually a buy signal. In this case, 70.83, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short FAST close to 70.83, target 67.41, stop loss at 71.03. Details

The technical summary data suggests a short of FAST if 70.83 is tested with a downside target of 67.41. However, we should place a stop loss at 71.03 in case the stock starts moving against the trade. Any test of resistance is basically a short signal. In this case, a short signal would be present if the resistance 70.83 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Day trading plans for FAST

• BUY QUICKLY just above 70.83, target 77.35, stop loss at 70.66 Details

If 70.83 starts to rise, the technical summary data tells us to buy FAST just above 70.83, with an upside target of 77.35. The data also tells us to set a stop loss at 70.66 in case the stock turns against the trade. 70.83 is the first resistance level above 67.635, and any break above resistance is usually a buy signal. In this case, 70.83, the initial resistance, would move up, so a buy signal would be present. Since this plan is based on a break of resistance, it is called a Long Resistance Plan.

• Short FAST just near 70.83, target 67.55, stop loss at 71. Details

The technical summary data suggests a short of FAST if it tests 70.83 with a downside target of 67.55. However, we should have a stop loss at 71 in case the stock starts moving against the trade. Any test of resistance is usually a short signal. In this case, a short signal would be present if the resistance 70.83 is tested. Since this plan is a short plan based on a test of resistance, it is called a short resistance plan.

Check the timestamp of this data. Updated AI-generated signals for Fastenal Company (FAST) available here: FAST.

FAST Ratings for August 21:

Term →	Vicinity	center	Long
Reviews	Neutral	Weak	Strong
1st place	0	0	64.38
2nd place	66.64	66.22	70.83
3rd place	67.55	67.41	77.35

AI-generated signals for FAST

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The Fastenal Company (NASDAQ: FAST) was created by Stock Traders Daily. Over the past 20 years, our methodology has been refined to identify strategies for both individual stocks and the equity market with prudent risk controls.

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This is a static report. The data below was valid at the time of publication, but support and resistance levels for FAST change over time, so the report should be updated regularly. Subscribers get real-time updates. Unlimited real-time reports.

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Instructions:

The rules that govern the data in this report are the rules of technical analysis. For example, when FAST tests support, buy signals emerge and resistance is the target. Conversely, when resistance is tested, it is a sign to control risk or sell and support would be the downside target accordingly. In any case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel) and to act as a risk control level.

Swing trades, day trades and longer-term trading plans:

This data is refined to also differentiate trading plans for day trading, swing trading and long-term investment plans for FAST. All of these are offered below the summary table.