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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Eastern Company (The) stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy or Hold candidate since Mar 13, 2024 Gain 33.32% PDF

The Eastern Company (The) stock price fell by -0.322% on the last day (Thursday, 28th Mar 2024) from $34.20 to $34.09. During the last trading day the stock fluctuated 3.60% from a day low at $32.92 to a day high of $34.10. The price has risen in 7 of the last 10 days and is up by 30.91% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 13 thousand shares were bought and sold for approximately $426.16 thousand.

The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at $34.32 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 25.94% during the next 3 months and, with a 90% probability hold a price between $32.16 and $43.22 at the end of this 3-month period.

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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 $32.40 and $26.41. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, March 27, 2024, and so far it has fallen -0.322%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases 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.

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 periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $1.18 between high and low, or 3.60%. For the last week the stock has had daily average volatility of 6.21%.

The Eastern Company (The) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: $32.98 (-3.24%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 94 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (EML) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Eastern Company (The) to open at $33.70, and during the day (based on 14 day Average True Range), to move between $32.63 and $35.55, which gives a possible trading interval of +/-$1.46 (+/-4.28%) up or down from last closing price. If Eastern Company (The) takes out the full calculated possible swing range there will be an estimated 8.57% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $34.20 (0.32%) than the support at $32.35 (5.10%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Eastern Company (The) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eastern Company (The) 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: 2.612 Buy Candidate Upgraded

Predicted Opening Price for Eastern Company (The) of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$33.70 ( 1.14%) $34.09

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 34.89 2.33 %
R2 34.43 1.01 %
R1 34.15 0.189 %
Current price: 34.09
Support S1 33.25 -2.46 %
S2 32.97 -3.28 %
S3 32.52 -4.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 0 .
R2 0 .
R1 34.20 0.323 %
Current price 34.09
Support S1 32.35 -5.10%
S2 30.50 -10.53%
S3 28.05 -17.72%

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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Eastern Company (The) 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.

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 2024-03-28, the price of an Eastern Company (The) (EML) share was $34.09.

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 2024-03-28, the market capitalization of Eastern Company (The) is 211.635M.

When is the next earnings date for Eastern Company (The)?
The upcoming earnings date for Eastern Company (The) is May 14, 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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