EGAIN CORP (EGAN) Stock Technical Analysis
NASDAQ:EGAN - Nasdaq - US28225C8064 - Common Stock - Currency: USD
Overall EGAN gets a technical rating of 6 out of 10. In the past year, EGAN was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month EGAN has a been trading in the 4.87 - 6.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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 65% of all stocks.
EGAN is part of the Software industry. There are 284 other stocks in this industry, EGAN did better than 54% of them.
EGAN is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EGAN is lagging the market slightly.
Although the technical rating is only medium, EGAN does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 5.47, a Stop Loss order could be placed below this zone.
More info and screens
5.30
6.77
When analyzing the support we notice one important area.
- A support zone ranging from 5.35 to 5.47. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @5.88 from a trend line in the daily time frame.
- Resistance @5.99 from a horizontal line in the daily time frame.
- Resistance @6.55 from a horizontal line in the weekly time frame.
- Resistance @6.70 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 | NEUTRAL | NEUTRAL | The long term trend for EGAN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EGAN is up. |
| ChartMill Relative Strength | 65.9 | NEUTRAL | EGAN is not amongst the best or worst performers 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) | 59.04 | 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) | 74.79 | NEUTRAL | The Stochastics value for EGAN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.28 | HIGH VOLATILITY | The high ATR as a percentage value for EGAN suggests high volalility. |
| Average Directional Index/ADX (14) | 16.91 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 5.89 | 5.34 | 0.55 (9.34%) | 10.71% |
| An entry @5.89. This is a Buy Stop order right above the resistance zone. | An exit @5.34. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.55 points, which is 9.34%. | For a 1.00% total portfolio risk, you can invest 10.71% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
5.73
-0.15 (-2.55%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.55%
1 Week6.31%
2 Weeks2.32%
1 Month9.77%
3 Month16.23%
6 Month1.06%
12 Month-2.72%
2 Year-23.5%
3 Year-41.23%
5 Year-48.42%
10 Year14.37%
15 YearN/A
Volatility
ATR(14)0.33
ATR(20)%5.28%
ATR Inc3.18%
Range Today0.24
ADR(20)0.29
ADR(20)%5.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.9
Mansfield-0.41
10 Day High6
10 Day Low4.97
20 Day High6
20 Day Low4.87
52 Week High7.62
52 Week Low4.34
CS1 End5.47
CR1 Start5.88
Volume & EV
DER(3)-9.49%
DER(5)-3.29%
Volume62.70K
Volume Incr51.96%
Vol(5)73.36K
Vol(50)49.78K