Analysis Summary for Fastenal Co (FAST)
Date of Analysis: October 17th, 2024
Time Target: An up cycle-composite arrives in March of 2025, after which, FAST should sell of fast into its cycle bottom scheduled for July of 2025.
Price Target: $81 (+/- $0.5)
Projected Move: According to our mathematical work, FAST is now increasing to its cycle top expected in March of 2025 at $81. Afterwards, FAST is expected to demonstrate a fast move down by approximately 30%.
In summary: FAST is scheduled to put in a top in March of 2025 at around $81 and then rally by 30% over the following 4-5 months. If the stock hits $81 before March of 2025, the target will likely shift to a higher juncture of $90. We advise against taking a position before March. At which time further targeting will be provided.
