Uptrend Under Pressure 93
Institutional selling is building — 7 distribution days in the last 25 sessions. Severe risk · 93/100 · 7 distribution days (SPY) Sep 11 Full briefing →
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FAST · Fastenal Company

$49.01 +0.45% Sep 10 close
Detected setup Trend Only · Setup Score 58/100

Stand aside — setup invalidated

Setup score 58, but distribution days reach 5 or more — stand aside until the condition resets.

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$FAST

Fastenal Company

Fastenal Company is a large-cap Wholesale Distributors company in the Distribution Services sector with a market cap of $56B.

Distribution Services Wholesale Distributors stock Stage 2 · Advancing Base 2
$49.01 latest close
Verdict · setup score 58/100 · data Sep 10 close · 1 session old

Stand aside — setup invalidated

Setup score 58, but distribution days reach 5 or more — stand aside until the condition resets.

Earnings

Normal technical setup

Next earnings Wednesday, October 14, 2026 Report time not confirmed by the source

Deterministic evidence

FAST+0.45%
Broad market · SPY-0.60%
Same completed session window ending 2026-09-10. +1.05 points vs SPY.

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+0.45% From the open+1.24% Range position89% GapNo gap
QQQ confirmationDiverging (-1.06%) SMH confirmationDiverging (-2.44%)
Short-term conviction -1 points.
  • QQQ, SMH moved against the stock — no index confirmation.
Price bars, sourced event fields, and benchmark math only. This can adjust displayed short-term conviction; it does not change the stored scanner score or readiness.

Ask a Legend to interpret this evidence → Commentary only — never scanner evidence or a sizing recommendation.

Price $49.01 +0.5% Sep 10 close
52W High $52.92 7.4% below high
Wks Since High 4w
Base Depth 8.5% 10.0% today
RS Rank 15 percentile of scan
SMA 50 $48.77
Avg Vol 7,642,590
Rel Vol (Sep 10) 0.95×
More stats
52W Low $38.97
Tight Wks 1
Base B2
SMA 200 $45.51
RS Line vs High -12.2%
RS Line Slope -2.0% ▼
Group Rank #44/58
ADR% 2.0%
ATR(14) $1.04 (2.1%)
Vol Pace (live) N/A
U/D Vol 0.68
A/D Days 16A / 9D
A/D Rating A+
VDU Bars 0/10 d
Earnings in 32d
Position in 52-week range 72ndpercentile of the 52-week range
$38.97low
$52.92high

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Technical Analysis Report Card

$FAST · $49.01 · as of 2026-09-10 · multi-factor read
62
/ 100
Technicals 62/100
Reference read from price & volume only — the verdict at the top of the page decides the action.

Trend · Daily / Weekly / Monthly

Daily ▬ Sideways / consolidating
Weekly ▲ Uptrend
Monthly ▲ Uptrend

Moving Averages

50-day$48.77 ↑
100-day$46.96 ↑
200-day$45.51 ↑
Bullish (50 > 200)

RSI (14)

Reading46.4 · Neutral

Neutral — momentum is balanced between buyers and sellers.

MACD (12/26/9)

StateBearish
Histogram-0.296

Bearish — MACD below its signal line and below zero. Histogram expanding.

Bollinger Bands (20,2)

%B / Width23% · 8.9%

Mid-band — no directional band edge in play.

Volume · Buyer vs Seller

Up/Down vol0.68 · Neutral
Rel volume0.95×

Balanced — up/down volume is roughly even; no clear hand. Recent volume is easing versus its baseline.

Support & Resistance

R · $49.67swing level
R · $52.15swing level
R · $52.9252-week high
Price · $49.01now
S · $47.65swing level
S · $44.46swing level
S · $43.49swing level

Fibonacci · Uptrend swing

23.6%$50.56
38.2% ◄ price here$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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Weekly uptrendMonthly uptrendAbove 200-day MA50/200 bullishRS 23 (laggard)
Want this read in a legend's voice? Ask a Legend about FAST
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.

Council consensus: 5 of 6 legends are Watching — building, not yet a confirmed buy.
Watch
Minervini C

Trend-template read: 6/10 pass; wait for the soft misses to improve.

Passing evidence
1.1 Price > 150-day MA AND 200-day MAPrice $49.01, MA150 $46.63, MA200 $45.51
1.2 150-day MA > 200-day MAMA150 $46.63 vs MA200 $45.51
Failing evidence
1.8 RS rank ≥ 70 (prefer ≥ 85)RS rank 23
2. Quarterly EPS growth ≥ 25%From SEPA scan
6/10 checks
Avoid
O'Neil D

CANSLIM read: fails C: Quarterly EPS acceleration ≥ 25%.

Passing evidence
N: Near 52-week high or RS line new high7.4% below high | RS line new high: False
S: Base tightness (ATR% ≤ 4.5%)ATR% 2.13%
Failing evidence
L: RS rank ≥ 80 (IBD leadership)RS rank 23
C: Quarterly EPS acceleration ≥ 25%Data unavailable
2/8 checks
Watch
Weinstein C

Stage-analysis read: Stage 2 is present; 3 supporting checks need improvement.

Passing evidence
Stage 2 (Advancing phase) confirmedStage 2 (Advancing)
Price above 30-week MA (200-day proxy)Price $49.01 vs MA200 $45.51
Failing evidence
Volume expansion above averageVolume ratio 0.95x
Relative strength ≥ 60RS 23
4/7 checks
Watch
Livermore B

Pivotal-point read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$49.01
Distance from 52-week high7.4% below high
Failing evidence
Relative strengthRS 23
Volume vs average0.95x
3/6 checks
Watch
Darvas B

Box-theory read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$49.01
Distance from 52-week high7.4% below high
Failing evidence
Relative strengthRS 23
Volume vs average0.95x
3/6 checks
Watch
Wyckoff B

Supply-and-demand read: constructive evidence is present, but relative strength is unresolved.

Passing evidence
Price$49.01
Distance from 52-week high7.4% below high
Failing evidence
Relative strengthRS 23
Volume vs average0.95x
3/6 checks
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 ▼ Falling
88RS Line (52W)
Accumulation / Distribution last 65 sessions · green = acc on high vol · red = dist on high vol Net +5 A+
A: 17 D: 12 Net: +565 sessions
Minervini · Grade Card
Fundamentals & leadership quality — Minervini’s published criteria · 2/7 met
C 2/7 criteria
Separate score from the Minervini Trend Template (6/8): 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
Revenue growth ≥20% YoY +9%
Gross margin ≥30%
ROE ≥17%
RS rating ≥80 (leadership) 23
Stage 2 uptrend (Weinstein) Stage 2
Within 25% of 52W high -7.4%

Method Playbook

Trade it like Livermore EXACT LEVELS · PRO
Livermore B · Watch — The deterministic methodology check is Watch; wait for the failing or incomplete criteria to improve before the trigger can qualify.
Pivot
Pro level
Published-method rule: Treat the resistance break as a pivotal point only while the primary trend and relative strength remain aligned.
Evidence: Canonical setup geometry is available with Pro.
Entry trigger
Pro level
Published-method rule: Wait for price and volume to confirm the pivotal-point break; anticipation below the line is not confirmation.
Evidence: Canonical setup geometry is available with Pro.
Initial stop
Pro level
Published-method rule: Place the initial stop below the pivotal line or the reaction low that would prove the breakout false.
Evidence: Canonical setup geometry is available with Pro.
Trail
Rule-based
Published-method rule: Raise protection beneath successive higher reaction lows as the trend advances; never move a protective line farther away.
Evidence: Planned management rule; no stored stop or broker order is changed automatically.
Exit / invalidation
Pro level
Published-method rule: Exit when price fails the pivotal line, breaks the latest meaningful reaction low, or shows abnormal reversal action.
Evidence: Canonical setup geometry is available with Pro.
Deterministic educational plan, not a recommendation. No order or stop is changed automatically. Method and sources →

Pattern Analysis

58 setup score
RS Score 23
Trend template 6/8
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.

2/7 universals met
  • A relative-strength leader — not met RS rank 15 — laggard
  • Risk is defined — not met No stop — undefined risk
  • Asymmetric reward — partly met No target set
  • Not chasing (in range) — partly met Pivot distance unknown
  • Volume confirms — partly met 0.9× average — light
  • Clear of earnings — met in 32 days
  • In a confirmed uptrend — met Stage 2 · Trend template 6/8
Why these seven? → The Universal Edge

Minervini Trend Template

6/8

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 $49.01 vs SMA150 $46.63 / SMA200 $45.51
SMA 150 above SMA 200 SMA150 $46.63 vs SMA200 $45.51
SMA 200 trending up Slope +0.92 over 20 days
SMA 50 above SMA 150 & 200 SMA50 $48.77
Price above SMA 50 $49.01 vs SMA50 $48.77
30%+ above 52-week low +25.8% from $38.97
Within 25% of 52-week high -7.4% from $52.92
RS score above 70 RS 23

Fundamentals

52W Range
72%
Mkt Cap SEC
56.2B
Rev YoY
+9%
EPS TTM
$1.09
P/E TTM
45.0x
Float
1.1B

Company

Company profile
Fastenal Company
FAST · NASDAQ · Distribution Services · Wholesale Distributors

Weekly Context

Multi-timeframe signals from weekly bars
W. Trend
6/8
W. RS
60
W. Support
$42.91
W. Resist
$52.92
W. Patterns
Cup & Handle Basing
Weekly Structure

Scan History

9× streak
Sep 08: 54 (Trend Only)Sep 09: 55 (Trend Only)Sep 09: 56 (Trend Only)Sep 10: 55 (Trend Only)Sep 11: 57 (Trend Only)Sep 11: 58 (Trend Only)58
Sep 11
Trend Only ✓ Gate
58
Sep 11
Trend Only ✓ Gate
57
Sep 10
Trend Only ✓ Gate
55 0.0%
Sep 09
Trend Only ✓ Gate
56 +0.5%
Sep 09
Trend Only ✓ Gate
55 +0.5%
Sep 08
Trend Only ✓ Gate
54 -0.7%

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