We assign a technical rating of 6 out of 10 to EAST. EAST has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
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.
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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.
We can see 4 important resistance 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.
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. |
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%. | When investing 4.08% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
0.8867
+0.01 (+0.88%)
EASTSIDE DISTILLING INC / EAST FAQ
Can you provide the ChartMill technical rating for EASTSIDE DISTILLING INC?
ChartMill assigns a technical rating of 6 / 10 to EAST.
Can you provide the trend direction for EASTSIDE DISTILLING INC?
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.
What is the MACD signal for EASTSIDE DISTILLING INC (EAST) stock?
The MACD indicator for EASTSIDE DISTILLING INC (EAST) has a value of -0.00103013, indicating a bearish trend.