EGAIN CORP (EGAN) Stock Technical Analysis
NASDAQ:EGAN - US28225C8064 - Common Stock
6.17 USD
-0.07 (-1.12%)
6.0486 USD
-0.12 (-1.97%)
Overall EGAN gets a technical rating of 4 out of 10. In the last year, EGAN was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
In the last month EGAN has a been trading in the 5.50 - 6.62 range, which is quite wide. It is currently trading near the high of this range.
When comparing the performance of all stocks over the past year, EGAN turns out to be only a medium performer in the overall market: it outperformed 59% of all stocks.
EGAN is part of the Software industry. There are 280 other stocks in this industry, EGAN did better than 59% of them.
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.
Although the technical rating is only medium, EGAN does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 6.10, a Stop Loss order could be placed below this zone.
More info and screens
5.51
7.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.03 to 6.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.75 to 5.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.57 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.27 to 6.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @6.58 from a trend line in the weekly time frame.
- Resistance @6.77 from a horizontal line in the weekly time frame.
- Resistance @6.93 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for EGAN is neutral. |
| ChartMill Relative Strength | 59.2 | NEUTRAL | EGAN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EGAN is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of EGAN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGAN is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.25 | NEUTRAL | The RSI value for EGAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EGAN has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 53.91 | NEUTRAL | The Stochastics value for EGAN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.5 | HIGH VOLATILITY | The high ATR as a percentage value for EGAN suggests high volalility. |
| Average Directional Index/ADX (14) | 26.94 | POSITIVE | The high ADX value value for EGAN suggests a strong 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)
6.17
-0.07 (-1.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-1.12%
1 Week-2.06%
2 Weeks2.15%
1 Month-4.34%
3 Month7.68%
6 Month25.15%
12 Month10.57%
2 Year0.65%
3 Year-16.05%
5 Year-56.46%
10 Year55.42%
15 YearN/A
Volatility
ATR(14)0.3
ATR(20)%5.5%
ATR Inc11%
Range Today0.44
ADR(20)0.33
ADR(20)%5.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS59.2
Mansfield0.12
10 Day High6.62
10 Day Low5.96
20 Day High6.62
20 Day Low5.5
52 Week High7.33
52 Week Low4.34
CS1 End6.1
CR1 Start6.27
Volume & EV
DER(3)-0.89%
DER(5)-1.59%
Volume57.10K
Volume Incr0.52%
Vol(5)33.88K
Vol(50)42.20K