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$1.24 (-12.68%)

Volume: 121k

Closed: Jan 21, 2022

Hollow Logo Score: -6.832

Eastside Distilling Inc Stock Forecast

$1.24 (-12.68%)

Volume: 121k

Closed: Jan 21, 2022

Score Hollow Logo -6.832
Which way will EAST go? Request
Key Stats
Beta 1.61
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 25 and the stock is currently not being overbought or oversold

Volatile ride for Eastside Distilling Inc stock price on Friday moving between $1.21 and $1.40
(Updated on Jan 21, 2022)


Sell candidate since 2022-01-21 PDF

The Eastside Distilling Inc stock price fell by -12.68% on the last day (Friday, 21st Jan 2022) from $1.42 to $1.24. and has now fallen 8 days in a row. During the day the stock fluctuated 15.70% from a day low at $1.21 to a day high of $1.40. The price has fallen in 8 of the last 10 days and is down by -25.3% for this period. Volume has increased on the last day by 77 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 121 thousand shares were bought and sold for approximately $149.64 thousand.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -46.67% during the next 3 months and, with a 90% probability hold a price between $0.50 and $0.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

There are few to no technical positive signals at the moment. The Eastside Distilling Inc stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.52 and $1.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, December 30, 2021, and so far it has fallen -37.69%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Eastside Distilling Inc gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.19 between high and low, or 15.70%. For the last week, the stock has had a daily average volatility of 9.46%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Eastside Distilling Inc stock A Buy?

Eastside Distilling Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -6.832

Strong Sell Candidate Unchanged

Insiders are negative as most recent trades are sells in Eastside Distilling Inc

In the last 100 trades there were 1.84 million shares bought and 1.79 million shares sold. The last trade was done 22 days ago by Kilkenny Stephanie who sold 6.29 thousand shares. For the period there has been more stocks bought than sold among the insiders, but most of the latest transaction have been insiders selling. There can be a variety of reasons for this, but the stock should be watched more closely.

Predicted Opening Price for Eastside Distilling Inc of Monday, January 24, 2022

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

Fair opening price January 24, 2022 Current price
$1.28 $1.24 (Undervalued)

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Volatility and Risk
Daily Average Volatility: 9.46 %
Overall Risk: Very High High Medium Low Very Low
Volatility
9.46 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $1.42
Price: $1.24
No Support Found

EAST Insider Trading Show all Trades

INSIDER POWER

-15.522

Last 100 transactions
Buy: 1 844 762 | Sell: 1 789 219 (Shares)
Date Action Amount Person Type
Dec 31, 2021 Sell 6 285 Kilkenny Stephanie Restricted Stock Units
Dec 31, 2021 Sell 6 285 Kilkenny Stephanie Restricted Stock Units
Dec 31, 2021 Buy 6 285 Kilkenny Stephanie Common Stock
Dec 31, 2021 Sell 15 363 Finnsson Eric J. Restricted Stock Units
Dec 31, 2021 Sell 15 363 Finnsson Eric J. Restricted Stock Units
Show all Insider Trades
INSIDER POWER

-15.522

Last 100 transactions
Buy: 1 844 762 | Sell: 1 789 219 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 1.47 18.82 %
1.40 12.96 %
1.36 9.35 %
Current price: 1.24
Support 1.21 -2.36 %
1.17 -5.97 %
1.09 -11.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 1.54 24.19 %
1.46 17.74 %
1.42 14.52 %
Current price 1.24
Support 0 .
0 .
0 .

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