Eastside Distilling Technical Analysis (NASDAQ:ESDI)
Technical analysis is the study of technical chart patterns and does not rely on the financials of a company. Just by looking at the Eastside Distilling stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the ESDI stock chart which creates a trading signal.
You can view Simple Moving Average (SMA 20 day, 50 day & 100 day), Exponential Moving Average (EMA 20 day, 50 day & 100 day) charts, and Bollinger Bands for Eastside Distilling. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Eastside Distilling stock analysis.
Eastside Distilling Moving Average:
Moving averages show the ESDI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer ESDI stock price movement for the moving average to change course.
Eastside Distilling Bollinger Bands:
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the ESDI stock. The stock price is trading between the average and the upper band in the context of Eastside Distilling bollinger bands.
Eastside Distilling Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Eastside Distilling MACD indicator can be used to identify bullish and bearish trends for the stock.
Eastside Distilling Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. If the RSI of ESDI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .