Taking everything into account, EGHT scores 0 out of 10 in our technical rating. EGHT scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- 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: 90% of all stocks are doing better.
- EGHT is one of the lesser performing stocks in the Software industry. 60% of 277 stocks in the same industry do better.
- EGHT is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month EGHT has a been trading in the 1.57 - 2.14 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 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
1.56
We found 1 important support area.
- A support zone ranging from 1.58 to 1.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @2.06 from a trend line in the weekly time frame.
- Resistance @2.14 from a trend line in the daily time frame.
- Resistance @2.20 from a horizontal line in the daily time frame.
- Resistance @2.73 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 | DOWN | NEGATIVE | The long term trend for EGHT is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for EGHT is down. |
| ChartMill Relative Strength | 10.49 | NEGATIVE | EGHT has a low relative strength, it was outperformed by 89.51% 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) | 22.87 | OVERSOLD | The low RSI value suggests EGHT may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests EGHT has a negative trend. |
| Stochastics (14,3) | 1.36 | OVERSOLD | The low Stochastics value suggests EGHT may be oversold. |
| Average True Range in percent/ATR (20) | 4.64 | MEDIUM VOLATILITY | The ATR as a percentage value for EGHT suggests some volalility. |
| Average Directional Index/ADX (14) | 25.72 | POSITIVE | The high ADX value value for EGHT suggests a strong trend. |
1.68
+0.09 (+5.66%)
8X8 INC / EGHT FAQ
Can you provide the ChartMill technical rating for 8X8 INC?
ChartMill assigns a technical rating of 0 / 10 to EGHT.
Can you provide the trend direction for 8X8 INC?
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 22.8677. This indicates that the stock is currently oversold.
What is the MACD signal for 8X8 INC (EGHT) stock?
The MACD indicator for 8X8 INC (EGHT) has a value of -0.0377146, indicating a bearish trend.
What are the support and resistance levels for 8X8 INC (EGHT) stock?
8X8 INC (EGHT) has a resistance level at 2.06. Check the full technical report for our detailed analysis of EGHT support and resistance levels.