8X8 INC (EGHT) Stock Technical Analysis
USA - NASDAQ:EGHT - US2829141009 - Common Stock
1.97 USD
-0.07 (-3.43%)
1.97 USD
0 (0%)
We assign a technical rating of 3 out of 10 to EGHT. In the past year, EGHT was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
When comparing the yearly performance of all stocks, EGHT is a bad performer in the overall market: 80% of all stocks are doing better.
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.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
EGHT is part of the Software industry. There are 281 other stocks in this industry, EGHT did better than 49% of them.
In the last month EGHT has a been trading in the 1.75 - 2.26 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EGHT has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price.
More info and screens
1.72
2.71
When analyzing the support we can see 5 important areas.
- A support zone ranging from 1.92 to 1.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.86 from a trend line in the weekly time frame.
- A support zone ranging from 1.81 to 1.82. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.77 to 1.78. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @1.74 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- Resistance @2.06 from a trend line in the weekly time frame.
- Resistance @2.16 from a trend line in the daily time frame.
- Resistance @2.21 from a horizontal line in the daily time frame.
- Resistance @2.26 from a horizontal line in the weekly time frame.
- Resistance @2.68 from a trend line in the weekly time frame.
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 | UP | POSITIVE | The short term trend for EGHT is up. |
| ChartMill Relative Strength | 20.91 | NEGATIVE | EGHT has a low relative strength, it was outperformed by 79.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EGHT is above the rising 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) | 50.86 | NEUTRAL | The RSI value for EGHT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests EGHT has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 48.37 | NEUTRAL | The Stochastics value for EGHT is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for EGHT suggests high volalility. |
| Average Directional Index/ADX (14) | 16.27 | NEGATIVE | The low ADX value for EGHT suggests a weak or negative trend. |
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)
1.97
-0.07 (-3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-3.43%
1 Week0%
2 Weeks7.65%
1 Month6.49%
3 Month7.07%
6 Month8.84%
12 Month-29.89%
2 Year-36.25%
3 Year-53.97%
5 Year-90.04%
10 Year-83.31%
15 Year-25.38%
Volatility
ATR(14)0.13
ATR(20)%6.01%
ATR Inc-30.34%
Range Today0.09
ADR(20)0.1
ADR(20)%5.33%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.91
3 months CRS76.68
6 months CRS62.54
Mansfield-1.8
10 Day High2.26
10 Day Low1.75
20 Day High2.26
20 Day Low1.75
52 Week High3.52
52 Week Low1.52
CS1 End1.95
CR1 Start2.06
Volume & EV
DER(3)-2.13%
DER(5)-1.22%
Volume499.10K
Volume Incr-8.39%
Vol(5)652.54K
Vol(50)663.03K
8X8 INC / EGHT FAQ
Can you provide the ChartMill technical rating for 8X8 INC?
ChartMill assigns a technical rating of 3 / 10 to EGHT.
What is the current trend direction of 8X8 INC (EGHT) stock?
The current trend direction for 8X8 INC (EGHT) is Bearish.
Can you provide the RSI signal for 8X8 INC?
8X8 INC (EGHT) has an RSI value of 50.8614. This indicates that the stock is currently neutral.
What is the support and resistance level for EGHT stock?
8X8 INC (EGHT) has a support level at 1.95 and a resistance level at 2.06. Check the full technical report for our detailed analysis of EGHT support and resistance levels.