EASTSIDE DISTILLING INC (EAST) Technical Analysis
NASDAQ:EAST • US2778024016
Current stock price
EAST Technical Rating and Analysis
We assign a technical rating of 6 out of 10 to EAST. In the last year, EAST was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- EAST is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EAST is lagging the market.
- EAST is part of the Beverages industry. There are 33 other stocks in this industry. EAST outperforms 75% of them.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the yearly performance of all stocks, we notice that EAST is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month EAST has a been trading in the 0.70 - 0.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EAST Weekly and Daily overview Charts
EAST Setup Rating and Analysis
EAST has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. We notice that large players showed an interest for EAST in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
EAST Support and Resistance Analysis
0.49
3 important support areas can be observed.
- A support zone ranging from 0.75 to 0.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.57 from a trend line in the weekly time frame.
- Support @0.49 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @0.97 from a horizontal line in the daily time frame.
- Resistance @1.17 from a trend line in the weekly time frame.
- Resistance @1.21 from a trend line in the daily time frame.
- Resistance @1.25 from a trend line in the weekly time frame.
EAST Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for EAST is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EAST is neutral. |
| ChartMill Relative Strength | 79.08 | POSITIVE | EAST has a high relative strength, it outperformed 79.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EAST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EAST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EAST is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.34 | NEUTRAL | The RSI value for EAST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests EAST has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.77 | NEUTRAL | The Stochastics value for EAST is a neutral value. |
| Average True Range in percent/ATR (20) | 10.78 | HIGH VOLATILITY | The high ATR as a percentage value for EAST suggests high volalility. |
| Average Directional Index/ADX (14) | 17.44 | NEGATIVE | The low ADX value for EAST suggests a weak or negative trend. |
EAST Chart- and CandleStick Pattern Analysis
EAST Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 0.98 | 0.74 | 0.24 (24.49%) | 4.08% |
| An entry @0.98. This is a Buy Stop order right above the resistance zone. | An exit @0.74. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.24 points, which is 24.49%. | For a 1.00% total portfolio risk, you can invest 4.08% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
EAST Technicals: Chart, Performance Metrics, Trend & Indicators
0.8867
+0.01 (+0.88%)
EASTSIDE DISTILLING INC / EAST TA FAQ
Can you provide the ChartMill technical rating for EASTSIDE DISTILLING INC?
ChartMill assigns a technical rating of 6 / 10 to EAST.
What is the current trend direction of EASTSIDE DISTILLING INC (EAST) stock?
The current trend direction for EASTSIDE DISTILLING INC (EAST) is Bearish.
What is the RSI signal for EAST stock?
EASTSIDE DISTILLING INC (EAST) has an RSI value of 59.3426. This indicates that the stock is currently neutral.
Can you provide the MACD signal for EASTSIDE DISTILLING INC?
The MACD indicator for EASTSIDE DISTILLING INC (EAST) has a value of -0.00103013, indicating a bearish trend.
Can you provide the short term momentum for EASTSIDE DISTILLING INC?
The short term momentum for EASTSIDE DISTILLING INC (EAST) is neutral.