Fastenal Stock Forecast - Day Median Price
| FAST Stock | USD 67.74 0.62 0.92% |
Fastenal Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Fastenal stock prices and determine the direction of Fastenal Company's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Fastenal's historical fundamentals, such as revenue growth or operating cash flow patterns. Although Fastenal's naive historical forecasting may sometimes provide an important future outlook for the firm, we recommend always cross-verifying it against solid analysis of Fastenal's systematic risk associated with finding meaningful patterns of Fastenal fundamentals over time.
Check out Historical Fundamental Analysis of Fastenal to cross-verify your projections. Fastenal |
Open Interest Against 2024-05-17 Fastenal Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Fastenal's spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Fastenal's options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Fastenal stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Fastenal's open interest, investors have to compare it to Fastenal's spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Fastenal is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Fastenal. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
Most investors in Fastenal cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Fastenal's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Fastenal's price structures and extracts relationships that further increase the generated results' accuracy.
Median Price is the statistical median of an asset price for a given trading period.| Previous Day Median Price | Day Median Price | Trend |
| 67.64 | 67.81 |
| Check Fastenal Volatility | Backtest Fastenal | Information Ratio |
Fastenal Trading Date Momentum
| On April 24 2024 Fastenal Company was traded for 67.74 at the closing time. The top price for the day was 68.15 and the lowest listed price was 67.46 . There was no trading activity during the period 0.0. Lack of trading volume on April 24, 2024 did not affect price variability. The overall trading delta against the current closing price is 0.34% . |
The median price is the midpoint of the trading periods range.
| Compare Fastenal to competition |
Other Forecasting Options for Fastenal
For every potential investor in Fastenal, whether a beginner or expert, Fastenal's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Fastenal Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Fastenal. Basic forecasting techniques help filter out the noise by identifying Fastenal's price trends.Fastenal Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Fastenal stock to make a market-neutral strategy. Peer analysis of Fastenal could also be used in its relative valuation, which is a method of valuing Fastenal by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Fastenal Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Fastenal's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Fastenal's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Fastenal Market Strength Events
Market strength indicators help investors to evaluate how Fastenal stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Fastenal shares will generate the highest return on investment. By undertsting and applying Fastenal stock market strength indicators, traders can identify Fastenal Company entry and exit signals to maximize returns.
Fastenal Risk Indicators
The analysis of Fastenal's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Fastenal's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting fastenal stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.8844 | |||
| Standard Deviation | 1.32 | |||
| Variance | 1.75 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Fastenal to cross-verify your projections. You can also try the Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.
Complementary Tools for Fastenal Stock analysis
When running Fastenal's price analysis, check to measure Fastenal's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Fastenal is operating at the current time. Most of Fastenal's value examination focuses on studying past and present price action to predict the probability of Fastenal's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Fastenal's price. Additionally, you may evaluate how the addition of Fastenal to your portfolios can decrease your overall portfolio volatility.
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Is Fastenal's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Fastenal. If investors know Fastenal will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Fastenal listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.006 | Dividend Share 1.44 | Earnings Share 2.02 | Revenue Per Share 12.915 | Quarterly Revenue Growth 0.019 |
The market value of Fastenal is measured differently than its book value, which is the value of Fastenal that is recorded on the company's balance sheet. Investors also form their own opinion of Fastenal's value that differs from its market value or its book value, called intrinsic value, which is Fastenal's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Fastenal's market value can be influenced by many factors that don't directly affect Fastenal's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Fastenal's value and its price as these two are different measures arrived at by different means. Investors typically determine if Fastenal is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Fastenal's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.