Price Momentum
SAM is trading near the bottom of its 52-week range and below its 200-day simple moving average.
Price change
The price of SAM shares has increased $15.63 since the market last closed. This is a 4.89% rise.
Opened at $325.86.
The stock opened $6.22 higher than its previous close.
Investors have been pushing the share price lower, and the stock...
Alcohol consumption
When averaged over two years, 2021-2022, 63% of U.S. adults aged 18 and older consumed alcohol. Gallup, Inc. indicates that "the drinking rate ticks up to 65% when narrowed to adults of legal drinking age" of 21. When segmented based on demographic characteristics:
Eighty percent of adults, 18 and older, living in households with annual...
SAM price has retraced 70 % from all time high to current price level at $ 384 coincide with most transacted price level at $ 384 over the last 5 years.
Golden Cross just appear on the MACD fast/slow lines signally upside potential of price.
Smart MCDX's "green" bar retreating with increasing yellow bar "hot money" signalling potential short term bullishness....
W Formation has formed after an extended downtrend.
The price has broken above and has a likelihood of running up.
Price above all MAs
Target $571.54
CONCERNS:
After a steep downtrend, the price is still vulnerable for upside. Either it rallies hard and furious. Or the market comes back down into the formation.
Either way, we have out signal to go long.
After having fallen a whopping nearly 79% from it's peak in April 2021, SAM appears to be finally turning the corner, after forming a rounded base in the past 7-8 months.
It hit rock bottom on 16 June, right where it was a former low during Covid crisis (March 2020). A month later, there was a strong spike in volume due to earnings beat (by 1.11%, not too...
Looking to follow his family’s passion for brewing, Jim brewed the recipe in his kitchen with the hopes of challenging the status quo in the American beer industry. He started by introducing American drinkers to craft-brewed beers that were full-flavored, balanced, and complex, and brewed with quality ingredients. Pleased with his brew, Jim started The Boston Beer...
After missing 4 earnings reports the stock has taken quite a hit, down almost $1,000 per share since April 21'. However it found support in the 288 range and bounced aprox. 30% and then a positive earning report beating estimates, 20 day EMA positive crossover of the 100 day EMA supports uptrend as the 20 EMA is appearing to become support. The only problem I see...
SAM- Boston beer company might be turning its course. After dipping to covid lows and giving all the 400% gains back it's coming back to live and today was up 6.19%. Earnings were much better than the past three Qs. Interesting to observe this one and see if confirms the uptrend in the next weeks. Positive divergence present.
The Boston Beer Company, Inc. produces and sells alcohol beverages primarily in the United States. The company's flagship beer is Samuel Adams Boston Lager. It offers various beers, hard ciders, and hard seltzers under the Samuel Adams, Twisted Tea, Truly Hard Seltzer, Angry Orchard, Dogfish Head, Angel City, Coney Island, Concrete Beach brand names. The company...
A series of unfortunate events is just continuing. Now, the company itself expects a likely loss this year (from -$1 to +$1 per stock), plus a depletions and shipments growth next year of low double-digits at the most. Then what should an investor expect? A 15-20 forward P/E at the most, if you are still optimistic. Which gives us around $300 per stock or less...
Finally getinf bullish moves frost target 537 clear and hold above that we going up up up but this is a breakout clear as day inverse head and shoulder might be in the making bu need daily above 537
Conviction: 3/5
General Thesis
potential bullish div on weekly RSI @ oversold levels
could go down more to touch lower channel support (2008)
fallen about 50%, normally fall 61.8%
Growth
Gross margins have steadily decreased since 2011
Revenue growth experienced high growth in 2020-2021, but have come down from 50% to about 15%
Value
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