NBEV - New Age Beverages Corp

Exchange: NASDAQ

NBEV - New Age Beverages Corp

Exchange: NASDAQ
#504()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -8.73%
PRICE $6.38
VOLUME
Sell
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Sell

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New Age Beverages Corp Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Buy candidate since 2018-10-17
Shorts 0.32% ( 2018-09-28 )
Cash 0.6 mill
Loans 7.8 mill
Beta 3.30
ROA -16.19

New Age Beverages Corp fell by -8.73% in the last day from $6.99 to $6.38 and has now fallen 3 days in a row. The price has fallen in 6 of the last 10 days and is down by -21.33% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -8.13 million shares and in total 9.10 million shares bought and sold for approximately $58.03 million.

Trend

New Age Beverages Corp lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 141.74% during the next 3 months and, with 90% probability hold a price between $9.14 and $24.31 at the end of this period.

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Signals

New Age Beverages Corp holds buy signals from both short- and long-term moving averages. In addition, 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 $6.38 and $4.55. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Monday October 15, 2018, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 59 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

New Age Beverages Corp finds support from accumulated volume at $6.15.

Support: $6.15 Price: $6.38 Resistance: $7.30

Risk

This stock may move much during a 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 $0.75 between high and low, or 12.10%. For the last week, the stock has had a daily average volatility of 13.05%.

Our recommended stoploss: $5.82 (-8.76%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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 this stock to perform well in the short-term. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Buy Candidate

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