RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EML
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Green day on Wednesday for Eastern Company (The) stock after gaining 2.18%
(Updated on Mar 27, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 33.75% PDF

The Eastern Company (The) stock price gained 2.18% on the last trading day (Wednesday, 27th Mar 2024), rising from $33.47 to $34.20. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 8.31% from a day low at $33.04 to a day high of $35.78. The price has risen in 8 of the last 10 days and is up by 33.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 30 thousand shares were bought and sold for approximately $1.04 million.

The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $29.89, a level that may pose a second chance to hit a runner. According to fan-theory $34.49 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.

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EML Signals & Forecast

The Eastern Company (The) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $31.61 and $26.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 06, 2024, and so far it has risen 44.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Eastern Company (The) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star 12 Months

The stock had a Golden Star Signal on Tuesday, July 18, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Sell
Special Signal Notification

Double Top Formation

Double Top Formation

Support, Risk & Stop-loss for Eastern Company (The) stock

On the downside, the stock finds support just below today's level from accumulated volume at $32.35 and $30.50. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eastern Company (The) finds support just below today's level at $32.35. If this is broken, then the next support from accumulated volume will be at $30.50 and $28.05.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $2.75 between high and low, or 8.31%. For the last week, the stock has had daily average volatility of 6.34%.

The Eastern Company (The) stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stop-loss: $33.14 (-3.10%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (EML) For The Upcoming Trading Day Of Thursday 28th

For the upcoming trading day on Thursday, 28th we expect Eastern Company (The) to open at $34.34, and during the day (based on 14 day Average True Range), to move between $32.73 and $35.67, which gives a possible trading interval of +/-$1.47 (+/-4.31%) up or down from last closing price. If Eastern Company (The) takes out the full calculated possible swing range there will be an estimated 8.62% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ $32.35, some $1.85 (5.41%) from the current price of $34.20, our system finds the risk reward attractive.

Is Eastern Company (The) stock A Buy?

Eastern Company (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Eastern Company (The) of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$34.34 ( 0.404%) $34.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EML

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 37.08 8.43 %
R2 36.03 5.36 %
R1 35.39 3.47 %
Current price: 34.20
Support S1 33.29 -2.66 %
S2 32.64 -4.56 %
S3 31.59 -7.62 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 0 .
Current price 34.20
Support S1 32.35 -5.41%
S2 30.50 -10.82%
S3 28.05 -17.98%

EML Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 05, 2024 Feb 14, 2024 Mar 15, 2024 $0.110 0.386%
2 Oct 31, 2023 Nov 14, 2023 Dec 15, 2023 $0.110 0.482%
3 Aug 01, 2023 Aug 14, 2023 Sep 15, 2023 $0.110 0.592%
4 Apr 27, 2023 May 12, 2023 Jun 15, 2023 $0.110 0.579%
5 Feb 06, 2023 Feb 14, 2023 Mar 15, 2023 $0.110 0.694%

FAQ

What is the symbol for Eastern Company (The) Stock and on which exchange is it traded?
The symbol for Eastern Company (The) is EML and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eastern Company (The) Stock?
Eastern Company (The) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Eastern Company (The) Stock?
Eastern Company (The) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eastern Company (The) Stock.

What's the current price of Eastern Company (The) Stock?
As of the end of day on the 2024-03-27, the price of an Eastern Company (The) (EML) share was $34.20.

What is the 52-week high and low for Eastern Company (The) Stock?
The 52-week high for Eastern Company (The) Stock is $35.78 and the 52-week low is $16.10.

What is the market capitalization of Eastern Company (The) Stock?
As of the 2024-03-27, the market capitalization of Eastern Company (The) is 212.318M.

When is the next earnings date for Eastern Company (The)?
The upcoming earnings date for Eastern Company (The) is May 07, 2024.
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About Eastern Company (The)

Eastern Company (The) The Eastern Company designs, manufactures, and sells engineered solutions to industrial markets in the United States and internationally. It offers turnkey returnable packaging solutions that are used in the assembly process of vehicles, aircraft, and durable goods, as well as in the production process of plastic packaging products, packaged consumer goods, and pharmaceuticals; designs and manufactures blow mold tools and injection blow mold tool... EML Profile

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