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Eastern Company (The) Stock Forecast NASDAQ:EML

$24.92 (0.24%)

Volume: 28k

Closed: Nov 29, 2021

Hollow Logo Score: 1.247

Eastern Company (The) Stock Forecast

$24.92 (0.24%)

Volume: 28k

Closed: Nov 29, 2021

Score Hollow Logo 1.247
Which way will EML go? Request
Mon, Nov 29, 2021 Buy Candidate Upgraded
Stop-loss: $23.60 (-5.30%)
Key Stats
Beta 0.64
Trailing Dividend Rate 1.76% ($0.44)
* 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 53 and the stock is currently not being overbought or oversold

High volatility in Eastern Company (The) stock price on Monday which ended trading at $24.92
(Updated on Nov 29, 2021)


Buy candidate since 2021-11-29

The Eastern Company (The) stock price gained 0.24% on the last trading day (Monday, 29th Nov 2021), rising from $24.86 to $24.92. During the day the stock fluctuated 11.31% from a day low at $23.83 to a day high of $26.52. The price has fallen in 6 of the last 10 days and is down by -2.69% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately $709.22 thousand.

The stock lies in the middle of a 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 -5.14% during the next 3 months and, with a 90% probability hold a price between $21.57 and $24.79 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

Mostly positive signals in the chart today. 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 $24.72 and $24.64. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, November 22, 2021, and so far it has risen 2.01%. 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.

Support, Risk & Stop-loss

Eastern Company (The) finds support from accumulated volume at $24.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $2.69 (11.31%) between high and low. For the last week, the stock has had a daily average volatility of 5.47%.

Our recommended stop-loss: $23.60 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Is Eastern Company (The) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 1.247

Predicted Opening Price for Eastern Company (The) of Tuesday, November 30, 2021

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

Fair opening price November 30, 2021 Current price
$25.09 $24.92 (Undervalued)
Buy Candidate Upgraded

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Volatility and Risk
Daily Average Volatility: 5.47 %
Overall Risk: Very High High Medium Low Very Low
Volatility
5.47 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $25.73
Price: $24.92
Support: $24.57

EML Insider Trading Show all Trades

INSIDER POWER

2.312

Last 100 transactions
Buy: 188 481 | Sell: 81 522 (Shares)
Date Action Amount Person Type
Nov 26, 2021 Buy 10 000 Disanto Frederick D. common Stock, par value $0.01 per share
Nov 24, 2021 Buy 44 020 Mitarotonda James A Common Shares
Sep 17, 2021 Buy 721 Everets John Common Stock
Sep 17, 2021 Buy 1 251 Mitarotonda James A Common Shares
Sep 17, 2021 Buy 741 Henry Charles W Common Stock
Show all Insider Trades
INSIDER POWER

2.312

Last 100 transactions
Buy: 188 481 | Sell: 81 522 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 27.78 11.49 %
26.75 7.36 %
26.12 4.81 %
Current price: 24.92
Support 24.06 -3.45 %
23.42 -6.01 %
22.39 -10.14 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 27.10 8.75 %
26.39 5.90 %
25.73 3.25 %
Current price 24.92
Support 24.57 -1.40%
24.43 -1.97%
23.95 -3.89%

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About Eastern Company (The)

The Eastern Company manufactures and sells industrial hardware, security products, and metal products in the United States and internationally. The company’s Industrial Hardware segment offers passenger restraint locks, slam and draw latches, dead bolt latches, compression latches, cam-type vehicular locks, hinges, tool box locks, light-weight sleeper boxes, school bus door closure hardware, and vents for Class 8 trucks. Its products are used in... Read more

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