EGAIN CORP (EGAN) Stock Technical Analysis
NASDAQ:EGAN - Nasdaq - US28225C8064 - Common Stock - Currency: USD
Overall EGAN gets a technical rating of 7 out of 10. EGAN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month EGAN has a been trading in the 4.87 - 6.18 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, EGAN did better than 76% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
EGAN is an average performer in the Software industry, it outperforms 58% of 284 stocks in the same industry.
EGAN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so EGAN is lagging the market.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although EGAN has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
5.30
6.75
We found 2 important support areas.
- A support zone ranging from 5.50 to 5.53. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 5.35 to 5.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
3 important resistance areas can be observed.
- Resistance @6.06 from a horizontal line in the daily time frame.
- Resistance @6.55 from a horizontal line in the weekly time frame.
- Resistance @6.68 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for EGAN is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGAN is up. |
| ChartMill Relative Strength | 76.19 | POSITIVE | EGAN has a high relative strength, it outperformed 76.19% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGAN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EGAN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of EGAN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.8 | NEUTRAL | The RSI value for EGAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests EGAN has a positive trend. |
| Stochastics (14,3) | 85.48 | OVERBOUGHT | The high Stochastics value suggests EGAN may be overbought. |
| Average True Range in percent/ATR (20) | 5.13 | HIGH VOLATILITY | The high ATR as a percentage value for EGAN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.85 | NEGATIVE | The low ADX value for EGAN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
6.05
+0.12 (+2.02%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.02%
1 Week10%
2 Weeks1.17%
1 Month18.63%
3 Month27.1%
6 Month8.62%
12 Month-1.63%
2 Year-19.23%
3 Year-37.95%
5 Year-45.54%
10 Year20.76%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%5.13%
ATR Inc-16.09%
Range Today0.27
ADR(20)0.3
ADR(20)%5.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.19
Mansfield0.08
10 Day High6.18
10 Day Low4.97
20 Day High6.18
20 Day Low4.87
52 Week High7.62
52 Week Low4.34
CS1 End5.53
CR1 Start6.06
Volume & EV
DER(3)-1.5%
DER(5)-4.91%
Volume65.90K
Volume Incr10.48%
Vol(5)61.14K
Vol(50)50.13K