Technical Analysis for EDBL - Edible Garden AG Incorporated

Grade Last Price % Change Price Change
F 3.48 -26.74% -1.27
EDBL closed down 26.74 percent on Friday, May 17, 2024, on 48 percent of normal volume. The bears made the stock sink to a new 52-week low. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or bounces.
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
MACD Bearish Signal Line Cross Bearish 0.00%
New 52 Week Closing Low Bearish 0.00%
New 52 Week Low Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
Wide Bands Range Expansion 0.00%
Gapped Down Weakness 0.00%
Oversold Stochastic Weakness 0.00%
20 DMA Resistance Bearish -26.74%
MACD Bullish Signal Line Cross Bullish -26.74%
Calm After Storm Range Contraction -26.74%

   Recent Intraday Alerts

Alert Time
Down 5% 2 days ago
Down 3% 2 days ago
Fell Below Previous Day's Low 2 days ago
Down 2 % 2 days ago
Down 1% 2 days ago

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Profile

Edible Garden AG Incorporated Description

Edible Garden is a controlled environment agriculture (“CEA”) farming company. We use traditional agricultural growing techniques together with technology to grow fresh, organic food, sustainably and safely while improving traceability. We use the controlled environment of traditional greenhouse structures, such as glass greenhouses, together with hydroponic and vertical greenhouses to sustainably grow organic herbs and lettuces. In our hydroponic greenhouse, we grow plants without soil. Instead of planting one row of lettuce in the ground, by using a vertical greenhouse, we can grow many towers of lettuce in the same area by planting up instead of planting across. Growing these products sustainably means that we avoid depleting natural resources in order to maintain an ecological balance, such as by renewing, reusing and recycling materials in order to lower the overall one-time use of materials.


Classification

Sector: Consumer Defensive
Industry: Farm Products
Keywords: Agriculture Greenhouse Organic Food Hydroponics Aeroponics Controlled Environment Agriculture Hydroculture Horticulture Economic Taxonomy

Is EDBL a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 89.598
52 Week Low 3.48
Average Volume 1,129,994
200-Day Moving Average 11.67
50-Day Moving Average 5.83
20-Day Moving Average 5.01
10-Day Moving Average 4.39
Average True Range 1.29
RSI (14) 35.48
ADX 30.24
+DI 42.58
-DI 21.03
Chandelier Exit (Long, 3 ATRs) 5.29
Chandelier Exit (Short, 3 ATRs) 7.36
Upper Bollinger Bands 6.68
Lower Bollinger Band 3.34
Percent B (%b) 0.04
BandWidth 66.72
MACD Line -0.54
MACD Signal Line -0.52
MACD Histogram -0.0217
Fundamentals Value
Market Cap 19.86 Million
Num Shares 5.71 Million
EPS -9.73
Price-to-Earnings (P/E) Ratio -0.36
Price-to-Sales 0.21
Price-to-Book 0.66
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 4.76
Resistance 3 (R3) 4.90 4.61 4.54
Resistance 2 (R2) 4.61 4.29 4.54 4.47
Resistance 1 (R1) 4.05 4.09 3.91 3.91 4.40
Pivot Point 3.76 3.76 3.69 3.69 3.76
Support 1 (S1) 3.20 3.44 3.06 3.06 2.56
Support 2 (S2) 2.91 3.24 2.84 2.49
Support 3 (S3) 2.35 2.91 2.42
Support 4 (S4) 2.21