The technical indicators for Eastside Distilling, Inc. (EAST) are as follows:
- RSI: EAST's Relative Strength Index (RSI) is at 28.561. This is well below the threshold of 30 that typically indicates a stock is oversold. An oversold condition suggests that a stock may be undervalued and could potentially rebound.
- MACD: EAST's Moving Average Convergence Divergence (MACD) is at -0.072. A negative MACD value suggests that the stock is currently in a bearish momentum. This indicator is calculated by subtracting a short-term moving average from a long-term moving average, so a negative value indicates that the short-term average is below the long-term average, which is typically a bearish signal.
- KDJ: EAST's KDJ indicator has a value of 2.31. The KDJ is a momentum indicator that combines elements of the MACD, RSI, and moving averages. A KDJ value below 20 is typically considered oversold, which could suggest a potential for a reversal if other technical indicators and market conditions align.
In summary, EAST's RSI and KDJ values suggest that the stock is currently oversold and may be undervalued. However, the negative MACD value indicates a bearish momentum. Investors should consider these indicators along with the overall market context and any fundamental analysis before making investment decisions for EAST.
9/5/2024 01:18pm
