Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

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 EAST
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Red day on Wednesday for Eastside Distilling Inc
(Updated on Mar 27, 2024)

Sell candidate since Mar 21, 2024 Loss -11.32% PDF

The Eastside Distilling Inc stock price fell by -4.08% on the last day (Wednesday, 27th Mar 2024) from $0.98 to $0.94. During the last trading day the stock fluctuated 8.67% from a day low at $0.92 to a day high of $1.00. The price has fallen in 7 of the last 10 days and is down by -25.98% for this period. Volume has increased on the last day by 16 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, 33 thousand shares were bought and sold for approximately $30.57 thousand.

The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($0.97) are considered to be a "second chance" to get out. According to the fan-theory $0.457 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

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EAST 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 $1.11 and $1.13. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -36.91%. 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Eastside Distilling Inc stock

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 $0.0801 between high and low, or 8.67%. For the last week, the stock has had daily average volatility of 11.08%.

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

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

For the upcoming trading day on Thursday, 28th we expect Eastside Distilling Inc to open at $0.96, and during the day (based on 14 day Average True Range), to move between $0.81 and $1.07, which gives a possible trading interval of +/-$0.126 (+/-13.36%) up or down from last closing price. If Eastside Distilling Inc takes out the full calculated possible swing range there will be an estimated 26.72% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $1.00, some $0.0593 (6.31%) from the current price of $0.94, our system finds the risk reward not very attractive.

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: -3.125 Sell Candidate Unchanged

Predicted Opening Price for Eastside Distilling Inc of Thursday, March 28, 2024

Fair opening price March 28, 2024 Current price
$0.96 ( 1.68%) $0.94

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

Trading levels for EAST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.04 10.21 %
R2 1.01 6.95 %
R1 0.99 4.94 %
Current price: 0.94
Support S1 0.93 -1.57 %
S2 0.91 -3.58 %
S3 0.88 -6.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.13 20.21 %
R2 1.06 12.77 %
R1 1.00 6.31 %
Current price 0.94
Support S1 0 .
S2 0 .
S3 0 .

FAQ

What is the symbol for Eastside Distilling Inc Stock and on which exchange is it traded?
The symbol for Eastside Distilling Inc is EAST and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Eastside Distilling Inc Stock?
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.

How to buy Eastside Distilling Inc Stock?
Eastside Distilling Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eastside Distilling Inc Stock.

What's the current price of Eastside Distilling Inc Stock?
As of the end of day on the 2024-03-27, the price of an Eastside Distilling Inc (EAST) share was $0.94.

What is the 52-week high and low for Eastside Distilling Inc Stock?
The 52-week high for Eastside Distilling Inc Stock is $8.22 and the 52-week low is $0.170.

What is the market capitalization of Eastside Distilling Inc Stock?
As of the 2024-03-27, the market capitalization of Eastside Distilling Inc is 1.531M.

When is the next earnings date for Eastside Distilling Inc?
The upcoming earnings date for Eastside Distilling Inc is May 10, 2024.
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About Eastside Distilling Inc

Eastside Distilling Eastside Distilling, Inc. manufactures, acquires, blends, bottles, imports, exports, markets, and sells various alcoholic beverages. It operates through two segments, Spirits and Craft Canning and Bottling. The company provides whiskey under the Burnside Whiskey brand; vodka under the Portland Potato Vodka brand; rum under the Hue-Hue Coffee Rum brand; and tequila under the Azuñia Tequila brand. It also offers gin and ready-to-drink products; an... EAST Profile

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