EASTSIDE DISTILLING INC (EAST) Stock Technical Analysis
NASDAQ:EAST - US2778024016 - Common Stock
0.8867 USD
+0.01 (+0.88%)
0.8503 USD
-0.04 (-4.11%)
Taking everything into account, EAST scores 6 out of 10 in our technical rating. 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, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EAST is part of the Beverages industry. There are 32 other stocks in this industry. EAST outperforms 87% of them.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
Looking at the yearly performance, EAST did better than 79% of all other 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 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
0.49
1.26
When analyzing the support we can see 3 important areas.
- 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.
4 important resistance areas can be observed.
- 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. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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.
0.8867
+0.01 (+0.88%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Staples
GICS IndustryBeverages
Performance
% Chg0.88%
1 Week14.56%
2 Weeks4.32%
1 Month26.4%
3 Month51.57%
6 Month-5.73%
12 Month-16.35%
2 Year-83.37%
3 Year-96.27%
5 Year-98.78%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.09
ATR(20)%10.78%
ATR Inc30.36%
Range Today0.07
ADR(20)0.09
ADR(20)%10.61%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.08
Mansfield-1.04
10 Day High0.92
10 Day Low0.7
20 Day High0.99
20 Day Low0.7
52 Week High2.98
52 Week Low0.41
CS1 End0.76
CR1 Start0.97
Volume & EV
DER(3)6.88%
DER(5)1.47%
Volume140.00K
Volume Incr-4.57%
Vol(5)167.42K
Vol(50)143.73K