Fastenal Company Stock Technical Analysis
| FAST Stock | USD 67.12 0.06 0.09% |
As of the 25th of April, Fastenal shows the Variance of 1.76, mean deviation of 0.8895, and Standard Deviation of 1.33. Fastenal technical analysis allows you to utilize historical prices and volume patterns in order to determine a pattern that computes the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We are able to interpolate and collect thirteen technical drivers for Fastenal Company, which can be compared to its peers. Please confirm Fastenal market risk adjusted performance, information ratio, as well as the relationship between the Information Ratio and skewness to decide if Fastenal is priced favorably, providing market reflects its regular price of 67.12 per share. Given that Fastenal has information ratio of (0.09), we urge you to verify Fastenal Company's prevailing market performance to make sure the company can sustain itself at a future point.
Fastenal Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Fastenal, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to FastenalFastenal |
Fastenal Analyst Consensus
| Target Price | Advice | # of Analysts | |
| 59.33 | Hold | 17 | Odds |
Most Fastenal analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Fastenal stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Fastenal, talking to its executives and customers, or listening to Fastenal conference calls.
Fastenal technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Fastenal Technical Analysis
The output start index for this execution was five with a total number of output elements of fifty-six. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Fastenal volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Fastenal Trend Analysis
Use this graph to draw trend lines for Fastenal Company. You can use it to identify possible trend reversals for Fastenal as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Fastenal price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Fastenal Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Fastenal Company applied against its price change over selected period. The best fit line has a slop of 0.04 , which means Fastenal Company will continue generating value for investors. It has 122 observation points and a regression sum of squares at 60.21, which is the sum of squared deviations for the predicted Fastenal price change compared to its average price change.About Fastenal Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Fastenal Company on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Fastenal Company based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Fastenal price pattern first instead of the macroeconomic environment surrounding Fastenal. By analyzing Fastenal's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Fastenal's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Fastenal specific price patterns or momentum indicators. Please read more on our technical analysis page.
| 2021 | 2022 | 2024 (projected) | Dividend Yield | 0.0175 | 0.0262 | 0.0289 | Price To Sales Ratio | 6.13 | 3.89 | 3.1 |
Fastenal April 25, 2024 Technical Indicators
Most technical analysis of Fastenal help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Fastenal from various momentum indicators to cycle indicators. When you analyze Fastenal charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | (0.01) | |||
| Market Risk Adjusted Performance | (0.22) | |||
| Mean Deviation | 0.8895 | |||
| Coefficient Of Variation | (4,144) | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.76 | |||
| Information Ratio | (0.09) | |||
| Jensen Alpha | (0.06) | |||
| Total Risk Alpha | (0.21) | |||
| Treynor Ratio | (0.23) | |||
| Maximum Drawdown | 9.18 | |||
| Value At Risk | (1.56) | |||
| Potential Upside | 2.18 | |||
| Skewness | (1.45) | |||
| Kurtosis | 7.8 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Fastenal Company. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.
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.