FAST Price Prediction Next Week
Based on the provided data and technical analysis, here's the prediction for FAST stock next trading week:
Technical Analysis
- Current price: $75.58
- RSI(14) at 52.39 indicates neutral momentum, neither overbought nor oversold
- MACD at -0.35 shows slightly bearish momentum in the short term
- Price is trading above both 20-day MA ($73.62) and 200-day MA ($70.72), indicating an overall bullish trend
Fibonacci Levels
- Resistance 1: $76.99
- Resistance 2: $78.49
- Support 1: $72.15
- Support 2: $70.65
News Analysis
- Fastenal reported weaker-than-expected Q4 earnings
- However, the company showed resilience with 3.7% growth despite challenging conditions
- Management expressed optimism about customer engagement and strategic investments in technology
- Recent analyst ratings are neutral to slightly bullish, with price targets ranging from $82-88
Price Prediction for Next Week Based on technical indicators and recent news:
- Target Price: $77.50
- Trading Range: $75.00 - $78.50
Trading Recommendation: BUY
- Entry point: Current price ($75.58)
- First target: $76.99 (Fibonacci R1)
- Second target: $78.49 (Fibonacci R2)
- Stop loss: $74.00
Rationale:
- Price holding above key moving averages
- Neutral RSI provides room for upside
- Strong institutional support and positive analyst outlook
- Strategic initiatives likely to drive growth
FAST Similar Chart Price Prediction
The price of FAST is predicted to go up 1.88%, based on the high correlation periods with BBSI. The similarity of these two price pattern on the periods is 97.16%.
FAST
BBSI
Up: 1.88%Similarity: 97.16%
FAST Revenue Forecast
FAST EPS Forecast
FAST FAQs
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FAST VS S&P500
Vending and on-site programs should provide a long growth runway for Fastenal.
Fastenal can capitalize on its national scale, broad product portfolio, and inventory-management services to take market share from smaller and less capable distributors.
Despite serving cyclical end markets, Fastenal's business model generates strong free cash flow throughout the cycle. Fastenal is likely to continue to use its cash flow to fund a shareholder-friendly capital allocation strategy.
FAST Analyst's Forecast
Brian Butler
Stifel
Strong Buy → Hold
Price Target
$86
Upside
+8.5%
Stifel downgraded Fastenal to Hold from Buy with an unchanged price target of $86. The stock is within 7% of the target price and has priced in the majority of a flat-to-positive macro environment for fiscal 2025, the analyst tells investors in a research note. At Fastenal's current valuation Stifel believes the stock is close to fully valued with limited upside.
Amit Mehrotra
UBS
Hold
Price Target
$71 → $88
Upside
+5.24%
Chris Snyder
Morgan Stanley
Hold
Price Target
$72 → $76
Upside
-0.9%