Stand aside — setup invalidated
Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.
Simple research view
FAST · Fastenal Company
$52.47 +1.08% Oct 26 close
1 independent risk warning also present. Review before relying on the bullish setup.
Switch to Advanced for indicator panels, raw grades, provenance, drawing tools, and full technical tables.
$FAST
Fastenal CompanyFastenal Company is a large-cap Wholesale Distributors company in the Distribution Services sector with a market cap of $60B.
⚠ Risk Signals
Double Top
Double Top (forming): peaks $52.15 and $51.41 (2026-09-24) with the neckline at $47.65. neckline $47.65 intact (10.1% above it). Measured move targets $43.52; invalidation above $53.19. Research/educational only, not a buy/sell recommendation.
Bearish structure on the daily chart — a heads-up for anyone holding, not a short signal. Does not affect the bullish setup score.
Market Structure
Trend structure: range
Latest event: bos
(bullish)
Support
44.85–45.10
· 5 touches · strong
Support
43.20–43.62
· 5 touches · strong
Support
48.83–49.17
· 4 touches · moderate
Support
39.81–40.04
· 3 touches · moderate
Support
42.74–42.97
· 3 touches · moderate
Verdict · setup score 55/100 · data Oct 26 close · latest session
Stand aside — setup invalidated
Setup score 55, but distribution days reach 5 or more — stand aside until the condition resets.
Recent price action · daily
What would change this verdict
What needs to turn for this to become buyable — the top failing checks across the legend council:
- Minervini 2. Quarterly EPS growth ≥ 25% — +10.0% QoQ
- Minervini 2. Revenue growth ≥ 20% YoY — +8.7% YoY
- O'Neil C: Quarterly EPS acceleration ≥ 25% — +10.0% QoQ
- O'Neil L: RS rank ≥ 80 (IBD leadership) — RS rank 73
- Weinstein Volume expansion above average — Volume ratio 0.70x
- Weinstein Weekly price coiling (Stage 2 consolidation) — Tightening weekly range confirms base
Minority view — the council disagrees here
- Minervini: watch Trend-template read: 10/12 pass; wait for the soft misses to improve.
- O'Neil: avoid CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
- Weinstein: watch Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
68
Strong
Legend Score · rates the stock
Strong (68/100) — held back by eps growth
Our proprietary 0-100 rating — the answer to Wall Street's black-box scores. Five pillars, each computed from real scan data, each explained below in plain English.
- Relative Strength (25%) 74
- Trend Template (25%) 100
- Institutional Footprint (20%) 69
- EPS Growth (15%) 30
- Quality (SMR-like) (15%) 44
RS rank 73: above-average strength. Trend template 8/8: price above rising 50/150/200-day lines — textbook uptrend structure. Institutional score 69: mild accumulation. EPS up +0% — growing, but below the 25% leadership bar. Quality 44: weak fundamentals (sales growth 30, return on equity 41, leverage 100). Updated 2026-10-27.
Earnings
Normal technical setup
Next earnings
Wednesday, October 14, 2026
Report time not confirmed by the source
Deterministic evidence
FAST+1.08%
Broad market · SPY+0.71%
Session internals Strong momentum
Rule: closed up, at or above the open, in the top third of the day's range. Judged on internals, not on the size of the move.
Vs prior close+1.08%
From the open+0.31%
Range position70%
GapNo gap
QQQ confirmationConfirming (+1.11%)
SMH confirmationConfirming (+2.74%)
Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.
More stats
52W Low
$38.97
Tight Wks
1
Base
B2
SMA 200
$47.02
RS Line vs High
-5.3%
RS Line Slope
+4.9% ▲
Group Rank
#25/66
ADR%
2.6%
ATR(14)
$1.52 (2.9%)
Vol Pace (live)
N/A
A/D Days
14A / 11D
A/D Rating
A
VDU Bars
0/10 d
Power Trend
7d
Earnings
past
FAST Chart
Interactive price, volume, RS, RSI, and MACD charts are available after sign in.
Technical Analysis Report Card
$FAST · $52.47 · as of 2026-10-26 · multi-factor read
100
/ 100
Reference read from price & volume only — the verdict at the top of the page decides the action.
Trend · Daily / Weekly / Monthly
Daily
▲ Uptrend
Weekly
▲ Uptrend
Monthly
▲ Uptrend
Moving Averages
50-day$50.42 ↑
100-day$48.94 ↑
200-day$47.02 ↑
Bullish (50 > 200)
RSI (14)
Reading60.3 · Bullish
Bullish momentum — comfortably in buyer territory.
MACD (12/26/9)
StateBullish
Histogram+0.126
Bullish — MACD above its signal line and above zero. Histogram expanding.
Bollinger Bands (20,2)
%B / Width88% · 7.2%
Near the upper band — buyers in control.
Volume · Buyer vs Seller
Up/Down vol1.55 · Accumulation
Rel volume0.7×
Pocket pivots · 10d1
5d vs 50d vol99%
Heavy vol up / down1 / 1
Accumulation — volume is concentrated on up days; buyers dominate. Recent volume is expanding versus its baseline.
- Pocket pivot 8 sessions ago — up-day volume beat every down day of the prior 10 sessions.
- 1 heavy-volume up day vs 1 down in the last 20 sessions.
Support & Resistance
R · $52.9252-week high
Price · $52.47now
S · $48.82swing level
S · $47.47swing level
S · $44.64swing level
Fibonacci · Uptrend swing
23.6%$50.56
38.2%$49.10
50.0%$47.91
61.8%$46.73
78.6%$45.05
Retracement support zones measured from the recent swing low up to the high.
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Daily uptrendWeekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishVolume accumulation
Want this read in a legend's voice?
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Generic technical analysis generated mechanically from price & volume — educational research only, not financial advice or a personalized recommendation. Levels are illustrative; confirm on your own chart. New to these terms? →
Legend Verdicts
6 methodology checks
Who would consider this setup, why it qualifies, and what blocks it — calculated from the same deterministic methodology rules used across Legend AI.
How to read the numbers: the setup score (55/100, in the verdict band) rates this trade setup. Each legend's A–D grade rates the same setup against that legend's own checklist — so a high score next to a C grade is not a contradiction. The setup can be strong without fitting that legend's style. When the council disagrees, the verdict band breaks the tie.
Council consensus:
7 of 9 legends are Watching — building, not yet a confirmed buy.
Minervini
Watch
B
Trend-template read: 10/12 pass; wait for the soft misses to improve.
mediumEnter on break of $52.47 pivot with stop at $50.19 (risk 4.3%). SEPA Grade B (4/7).
Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $52.47, MA150 $47.63, MA200 $47.02
1.2 150-day MA > 200-day MAMA150 $47.63 vs MA200 $47.02
Failing evidence
2. Quarterly EPS growth ≥ 25%+10.0% QoQ
2. Revenue growth ≥ 20% YoY+8.7% YoY
O'Neil
Avoid
D
CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
partialRule check says AVOID (3/8 checks passed) — CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.
Passing evidence
A: Annual earnings & revenue qualityRev +8.7% | ROE 34.0%
N: Near 52-week high or RS line new high0.9% below high | RS line new high: False
Failing evidence
C: Quarterly EPS acceleration ≥ 25%+10.0% QoQ
L: RS rank ≥ 80 (IBD leadership)RS rank 73
Weinstein
Watch
C
Stage-analysis read: Stage 2 is present; 2 supporting checks need improvement.
mediumClassic Stage 2 advancing phase — strong weekly trend confirms uptrend. This is Weinstein's sweet spot: buy and hold while price remains above the 30-week MA.
Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $52.47 vs MA200 $47.02
Failing evidence
Volume expansion above averageVolume ratio 0.70x
Weekly price coiling (Stage 2 consolidation)Tightening weekly range confirms base
dennis
Watch
C
Turtle read: no breakout yet. Price is pressing the 20-day high. The system waits for the print; it never anticipates.
Passing evidence
No breakdown below the 20-day channel20-day low $47.30
Volatility-unit sizing (1N ≈ 1% of equity)1N = $1.25 (2.38% of price); the Turtles size 1 unit so a 1N move ≈ 1% of equity, making the 2N stop ≈ 2% equity risk
Failing evidence
S1: 20-day Donchian breakoutNot confirmed
S2: 55-day Donchian breakoutNot confirmed
zanger
Avoid
C
Zanger read: a hard gate is broken — either the pattern is not one of his six, or the entry is more than 5% past the breakout. He would not touch this.
Passing evidence
Not extended (≤5% above the breakout point)Measured as passing
Partial-profit plan: sell 20-30% at +15-20%Scale 20-30% at $60.34-$62.96; trail the rest
Failing evidence
Named Zanger pattern onlyBasing is not one of Zanger's six
Breakout volume 1.5-2.0x averageData unavailable
zweig
Watch
D
Zweig read: part of his screen passes but not all: EPS growth above the market (≥15% QoQ); Reasonable price for the growth (P/E ≤ 35); Insider buying — wait for the full growth screen before treating this as a Zweig setup.
Passing evidence
Price strength (RS ≥ 70)RS score 73 — Zweig buys strength, not bargains
Breadth momentum: 10-day A/D ratio10-day A/D 1.17 (1995 adv / 1699 dec) — participation expanding
Failing evidence
EPS growth above the market (≥15% QoQ)+10.0% QoQ — Zweig wants growth above the S&P average
Reasonable price for the growth (P/E ≤ 35)Trailing P/E 48.1x — no PEG or forward P/E stored
Livermore
Watch
B
Pivotal-point read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$52.47
Relative strengthRS 73
Failing evidence
Volume vs average0.70x
Pivotal point cleared on expanding volumeNot confirmed
Darvas
Watch
B
Box-theory read: constructive evidence is present, but volume vs average is unresolved.
mediumStock is at the top of its box — Darvas would wait for a decisive breakout on volume.
Passing evidence
Price$52.47
Relative strengthRS 73
Failing evidence
Volume vs average0.70x
Box top broken on heavy volumeNot confirmed
Wyckoff
Watch
B
Supply-and-demand read: constructive evidence is present, but volume vs average is unresolved.
Passing evidence
Price$52.47
Relative strengthRS 73
Failing evidence
Volume vs average0.70x
Sign of Strength confirmed on expanding volumePrice hasn't cleared the pivot yet — confirmation pending
Base & Breakout
Breakout follow-through
No active breakout tracked — Legend AI monitors daily for pivot-point breaks. What's a breakout?
RS Line vs SPY
52-week relative strength · blue = RS line · dashed = MA50 · dot = NH
▲ Rising
Accumulation / Distribution
last 65 sessions · green = acc on high vol · red = dist on high vol
Net +8
Fundamentals & leadership quality — Minervini’s published criteria · 4/7 met
B
4/7 criteria
Separate score from the Minervini Trend Template (8/8): the Trend Template grades the price structure, this grades the company & leadership (earnings, sales, margins, RS rank). A stock can ride a clean trend while its fundamentals lag, so the two often differ by design — they are not the same checklist.
EPS acceleration ≥25% QoQ
+10%
Revenue growth ≥20% YoY
+9%
Gross margin ≥30%
45%
ROE ≥17%
34%
RS rating ≥80 (leadership)
73
Stage 2 uptrend (Weinstein)
Stage 2
Within 25% of 52W high
-0.9%
Method Playbook
Trade it like Dennis
EXACT LEVELS · PRO
Dennis C · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro levelPublished-method rule: Use the 20-day channel high (System 1) or 55-day channel high (System 2) as the breakout trigger.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro levelPublished-method rule: Buy the breakout print mechanically — no prediction, no hesitation, no chasing below the channel high.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro levelPublished-method rule: Place the stop at 2N (N = 20-day ATR) below entry, set before the trade and never moved except up on winners.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-basedPublished-method rule: Add at 0.5N intervals up to 4 units; trail the stop beneath each new add level, never loosen it.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro levelPublished-method rule: Exit System 1 at the 10-day low and System 2 at the 20-day low — the exit is part of the system, not a decision.
Evidence: Canonical setup geometry is available with Pro.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →
The published-method workflow is public. Unlock exact pivot, entry, stop, target, and sizing with Pro →
Pattern Analysis
Basing
⚠ Not actionable yet
55
setup score
RS Score
73
Trend template
8/8 ✓
CANSLIM
72.7* (B)
base type: Flat Base
depth: 0.112
duration weeks: 12.0
tightness: 0.0226
near pivot: ✓
base volume ratio: 1.206
validation reason: valid basing setup
multi tf evaluated: ✓
multi tf reason: weekly trend template 8/8 confirmed + no fresh 13-week low
Why This Setup?
D+W Confluence
Basing · schematic
Flat Base: depth=11.2%, 12w, tightness=0.023, near_pivot=yes | Strong trend (8/8) | Good RS (73) | Moderate pattern (65%) | Accumulation (1.6× up/dn vol) | Power Trend | Stage 2 | Readiness 56/100 (early) | CANSLIM 72.7 (B) | ⚠ Not actionable yet
The Universal Edge Check · context only
What the setup still has going for it, recorded for later. The verdict above stands — these principles do not overrule it.
4/7
universals met
- A relative-strength leader — not met RS rank 44 — laggard
- Clear of earnings — not met in -13 days — event risk
- Volume confirms — partly met 0.7× average — light
- Asymmetric reward — met Met — levels are a Pro detail
- In a confirmed uptrend — met Stage 2 · Trend template 8/8
- Not chasing (in range) — met Met — levels are a Pro detail
- Risk is defined — met Met — levels are a Pro detail
Minervini Trend Template
8/8 ✓Grades the price structure — moving-average stacking, distance from the 52-week high/low, and relative strength above the ≥70 uptrend bar. This is the technical trend check; the company's fundamentals and ≥80 RS leadership are scored separately in the Grade Card.
Price above SMA 150 & 200
$52.47 vs SMA150 $47.63 / SMA200 $47.02
SMA 150 above SMA 200
SMA150 $47.63 vs SMA200 $47.02
SMA 200 trending up
Slope +0.95 over 20 days
SMA 50 above SMA 150 & 200
SMA50 $50.42
Price above SMA 50
$52.47 vs SMA50 $50.42
30%+ above 52-week low
+34.6% from $38.97
Within 25% of 52-week high
-0.9% from $52.92
RS score above 70
RS 73
Fundamentals
52W Range
97%
Mkt Cap SEC
60.2B
EPS QoQ
+10%
Rev YoY
+9%
ROE
34%
Gross Margin
45%
D/E
0.03
EPS TTM
$1.09
P/E TTM
48.1x
Float
1.1B
Insider
No Buy
Company
Company profile
Fastenal Company
CANSLIM — current EPS, annual EPS, new highs, supply, leader RS, inst. sponsorship, market
B
72.7* CANSLIM
* disqualified on C, M
C · Curr. EPS
70
A · Annual EPS
84
N · New Highs
100
S · Supply/Demand
80
L · Leader RS
73
I · Inst. Spons.
96
M · Market
30
Weekly Context
Multi-timeframe signals from weekly barsW. Trend
8/8
W. RS
72
W. Support
$42.91
W. Resist
$52.92
W. Patterns
Cup & Handle
Basing
Record Volume
Weekly Structure
Trend
Neutral
Tight Weeks
1
Confirmation
Neutral
Scan History
20× streakOct 27
Basing
✓ Gate
55
Oct 26
Basing
✓ Gate
55
0.0%
Oct 23
Record Volume
✓ Gate
88
+1.1%
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