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8X8 INC (EGHT) Stock Technical Analysis

NASDAQ:EGHT - Nasdaq - US2829141009 - Common Stock - Currency: USD

1.84  -0.01 (-0.54%)

After market: 1.92 +0.08 (+4.35%)

Technical Rating and Analysis

2

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.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
EGHT is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
EGHT has an average volume of 1085980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, EGHT turns out to be only a medium performer in the overall market: it outperformed 54% of all stocks.
EGHT is an average performer in the Software industry, it outperforms 59% of 283 stocks in the same industry.
In the last month EGHT has a been trading in the 1.56 - 2.15 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
8X8 INC / EGHT Weekly stock chart
8X8 INC / EGHT Daily stock chart
Setup Rating and Analysis

6

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.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
Support and Resistance Analysis

1.56

2.85

When analyzing the support we can see 2 important areas.

  • A support zone ranging from 1.74 to 1.76. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • A support zone ranging from 1.58 to 1.58. This zone is formed by a combination of multiple trend lines in multiple time frames.

4 important resistance areas can be observed.

  • A resistance zone ranging from 1.86 to 1.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 1.91 to 1.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.13 to 2.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @2.82 from a trend line in the weekly time frame.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorDOWNNEGATIVEThe long term trend for EGHT is down.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for EGHT is neutral.
ChartMill Relative Strength54.29NEUTRALEGHT is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of EGHT is below a declining SMA(20).
Simple Moving Average/SMA (50)UPMIXEDThe current price of EGHT is below the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of EGHT is below a declining SMA(200).
Relative Strength Index/RSI (14)46.26NEUTRALThe RSI value for EGHT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.01NEGATIVEThe MACD value suggests EGHT has a negative trend, although the MACD value is rising.
Stochastics (14,3)54.31NEUTRALThe Stochastics value for EGHT is a neutral value.
Average True Range in percent/ATR (20)5.95HIGH VOLATILITYThe high ATR as a percentage value for EGHT suggests high volalility.
Average Directional Index/ADX (14)15.59NEGATIVEThe low ADX value for EGHT suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
8X8 INC / EGHT Daily stock chart

8X8 INC

NASDAQ:EGHT (8/15/2025, 8:17:03 PM)

After market: 1.92 +0.08 (+4.35%)

1.84

-0.01 (-0.54%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.54%
1 Week-4.66%
2 Weeks-1.6%
1 Month-4.66%
3 Month1.66%
6 Month-40.93%
12 Month8.88%
2 Year-43.38%
3 Year-64.68%
5 Year-89.1%
10 Year-76.2%
15 Year34.31%
Volatility
ATR(14)0.12
ATR(20)%5.95%
ATR Inc-26.81%
Range Today0.08
ADR(20)0.1
ADR(20)%5.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.29
Mansfield-2.36
10 Day High1.99
10 Day Low1.57
20 Day High2.15
20 Day Low1.57
52 Week High3.52
52 Week Low1.52
CS1 End1.76
CR1 Start1.86
Volume & EV
DER(3)5.83%
DER(5)5.04%
Volume603.40K
Volume Incr9.81%
Vol(5)904.62K
Vol(50)1.09M