Eastside Distilling, Inc. (NASDAQ:EAST) Dropped -2.6% – Here’s Why

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In its latest trading session, Eastside Distilling, Inc. (NASDAQ:EAST) dropped by -2.6% – here is what that looked like (as of 2019-12-04):

What is the cause of all this?? To understand this better, We ought to analyze some technical indicators. The most interesting and telling are these ones:

A Money Flow Index (MFI) of 52.851, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.005, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.223, an Accumulation/Distribution Index (ADI) of 0.223, an On-Balance Volume (OBV) of 59.305, and a Chaiikin Money Flow (CMF) of 3.08. 1.0

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

So when putting all the technical indicators together, this is what you get. And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.