8X8 INC (EGHT) Stock Technical Analysis
NASDAQ:EGHT - Nasdaq - US2829141009 - Common Stock - Currency: USD
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.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, EGHT is a bad performer in the overall market: 83% of all stocks are doing better.
EGHT is one of the lesser performing stocks in the Software industry. 64% of 281 stocks in the same industry do better.
EGHT is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
In the last month EGHT has a been trading in the 1.52 - 1.88 range, which is quite wide. It is currently trading near the high of this range.
EGHT has an average volume of 1096910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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 resistance zone just above the current price starting at 1.84. Right above this resistance zone may be a good entry point.
More info and screens
1.81
3.20
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 1.84 to 1.84. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.92 from a trend line in the weekly time frame.
- Resistance @3.03 from a trend line in the weekly time frame.
- Resistance @3.17 from a horizontal line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.48
Mansfield-2.27
10 Day High1.86
10 Day Low1.52
20 Day High1.88
20 Day Low1.52
52 Week High3.52
52 Week Low1.51
Performance
1 Week0.55%
2 Weeks15.82%
1 Month-0.27%
3 Month-34.64%
6 Month-16.82%
12 Month-17.94%
2 Year-55.15%
3 Year-74.76%
5 Year-87.41%
10 Year-78.06%
15 Year38.64%
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)
Technical Indicators
MACD(12,26,9)0.04
RSI(14)49.17
LBB1.54
UBB1.88
1.83
+0.05 (+2.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.81%
1 Week0.55%
2 Weeks15.82%
1 Month-0.27%
3 Month-34.64%
6 Month-16.82%
12 Month-17.94%
2 Year-55.15%
3 Year-74.76%
5 Year-87.41%
10 Year-78.06%
15 Year38.64%
Volatility
ATR(14)0.11
ATR(20)%7.57%
ATR Inc-30.86%
Range Today0.08
ADR(20)0.13
ADR(20)%7.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.48
Mansfield-2.27
10 Day High1.86
10 Day Low1.52
20 Day High1.88
20 Day Low1.52
52 Week High3.52
52 Week Low1.51
CS1 EndN/A
CR1 Start1.84
Volume & EV
DER(3)-9.92%
DER(5)-5.89%
Volume887.72K
Volume Incr-30.03%
Vol(5)991.44K
Vol(50)1.10M