NASDAQ:EGHT - Nasdaq - US2829141009 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to EGHT. EGHT has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Although the technical rating is bad, EGHT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 1.76, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EGHT in the last couple of days, which is a good sign.
1.56
When analyzing the support we can see 2 important areas.
4 important resistance areas can be observed.
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 | DOWN | NEGATIVE | The long term trend for EGHT is down. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for EGHT is neutral. |
ChartMill Relative Strength | 54.29 | NEUTRAL | EGHT is not amongst the best or worst performers on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EGHT is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | MIXED | The current price of EGHT is below the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of EGHT is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 46.26 | NEUTRAL | The RSI value for EGHT is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests EGHT has a negative trend, although the MACD value is rising. |
Stochastics (14,3) | 54.31 | NEUTRAL | The Stochastics value for EGHT is a neutral value. |
Average True Range in percent/ATR (20) | 5.95 | HIGH VOLATILITY | The high ATR as a percentage value for EGHT suggests high volalility. |
Average Directional Index/ADX (14) | 15.59 | NEGATIVE | The low ADX value for EGHT suggests a weak or negative trend. |
1.84
-0.01 (-0.54%)