EASTSIDE DISTILLING INC (EAST) Stock Technical Analysis
NASDAQ:EAST - Nasdaq - US2778024016 - Common Stock - Currency: USD
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 is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
Looking at the yearly performance, EAST did better than 79% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
EAST is an average performer in the Beverages industry, it outperforms 61% of 32 stocks in the same industry.
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.
Although the technical rating is only medium, EAST does present a nice setup opportunity. 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
We found 3 important support 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.
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.
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
Performance
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
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)
Technical Indicators
MACD(12,26,9)0
RSI(14)59.34
LBB0.73
UBB0.9
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 worst case loss on the trade is limited to 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