EGAIN CORP (EGAN) Technical Analysis
NASDAQ:EGAN • US28225C8064
Taking everything into account, EGAN scores 4 out of 10 in our technical rating. Although EGAN is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- In the last month EGAN has a been trading in the 8.66 - 10.14 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- When comparing the yearly performance of all stocks, we notice that EGAN is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, EGAN also shows a nice and consistent pattern of rising prices.
- EGAN is part of the Software industry. There are 277 other stocks in this industry. EGAN outperforms 92% of them.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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.
EGAN has an average technical rating and it also 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
7.80
We found 1 important support area.
- Support @7.88 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 9.31 to 9.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for EGAN is down. |
| ChartMill Relative Strength | 89.15 | POSITIVE | EGAN has a high relative strength, it outperformed 89.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGAN is below 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 | MIXED | The current price of EGAN is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 33.52 | NEUTRAL | The RSI value for EGAN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests EGAN has a negative trend. |
| Stochastics (14,3) | 20.38 | NEUTRAL | The Stochastics value for EGAN is a neutral value. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for EGAN suggests high volalility. |
| Average Directional Index/ADX (14) | 17.31 | NEGATIVE | The low ADX value for EGAN suggests a weak or negative trend. |
EGAN Technicals: Chart, Performance Metrics, Trend & Indicators
8.76
-0.23 (-2.56%)
EGAIN CORP / EGAN FAQ
What is the ChartMill technical rating of EGAIN CORP (EGAN) stock?
ChartMill assigns a technical rating of 4 / 10 to EGAN.
What is the trend direction for EGAN stock?
The current trend direction for EGAIN CORP (EGAN) is Bearish.
What is the RSI signal for EGAN stock?
EGAIN CORP (EGAN) has an RSI value of 33.5221. This indicates that the stock is currently neutral.
What is the short term momentum for EGAIN CORP (EGAN) stock?
The short term momentum for EGAIN CORP (EGAN) is negative.
What is the support and resistance level for EGAN stock?
EGAIN CORP (EGAN) has a support level at 7.88 and a resistance level at 9.31. Check the full technical report for our detailed analysis of EGAN support and resistance levels.