EGHT Technical Analysis - 8X8 INC

Technical Rating and Analysis

Overall EGHT gets a technical rating of 0 out of 10. EGHT's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

76% of all other stocks performed better in the past year than EGHT.

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.

In the last month EGHT has a been trading in the 1.81 - 2.36 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.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

EGHT is an average performer in the Software industry, it outperforms 42% of 281 stocks in the same industry.

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

The technical rating of EGHT is bad and it also does not present a 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

1.56

2.88

2 important support areas can be observed.

Support @1.74 from a horizontal line 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.

We can see 4 important resistance areas.

A resistance zone ranging from 2.00 to 2.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @2.21 from a trend line in the daily time frame.
Resistance @2.73 from a trend line in the weekly time frame.
Resistance @2.85 from a trend line in the weekly 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	NEUTRAL	NEUTRAL	The long term trend for EGHT is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for EGHT is down.
ChartMill Relative Strength	24.92	NEGATIVE	EGHT has a low relative strength, it was outperformed by 75.08% off all stocks 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)	DOWN	NEGATIVE	The current price of EGHT is below a declining 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)	35.49	NEUTRAL	The RSI value for EGHT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.04	NEGATIVE	The MACD value suggests EGHT has a negative trend.
Stochastics (14,3)	6.38	OVERSOLD	The low Stochastics value suggests EGHT may be oversold.
Average True Range in percent/ATR (20)	6.36	HIGH VOLATILITY	The high ATR as a percentage value for EGHT suggests high volalility.
Average Directional Index/ADX (14)	17.48	NEGATIVE	The low ADX value for EGHT suggests a weak or negative trend.