EGAN Technical Analysis - EGAIN CORP

Technical Rating and Analysis

Overall EGAN gets a technical rating of 10 out of 10. Both in the recent history as in the last year, EGAN has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that EGAN is one of the better performing stocks in the market, outperforming 91% of all stocks.

EGAN is one of the better performing stocks in the Software industry, it outperforms 83% of 279 stocks in the same industry.

EGAN is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so EGAN is lagging the market slightly.

In the last month EGAN has a been trading in the 6.12 - 9.64 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.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

Setup Rating and Analysis

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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

5.94

9.04

When analyzing the support we can see 4 important areas.

Support @6.69 from a trend line in the daily time frame.
Support @6.37 from a horizontal line in the daily time frame.
Support @6.24 from a trend line in the weekly time frame.
Support @6.00 from a trend line in the daily time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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	91.91	POSITIVE	EGAN has a high relative strength, it outperformed 91.91% 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)	UP	POSITIVE	The current price of EGAN is above the rising SMA(200).
Relative Strength Index/RSI (14)	63.27	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, although the MACD value is declining.
Stochastics (14,3)	76.85	NEUTRAL	The Stochastics value for EGAN is a neutral value.
Average True Range in percent/ATR (20)	5.89	HIGH VOLATILITY	The high ATR as a percentage value for EGAN suggests high volalility.
Average Directional Index/ADX (14)	58.05	POSITIVE	The high ADX value value for EGAN suggests a strong trend.