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8X8 INC (EGHT) Stock Technical Analysis

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

2.03  0 (0%)

After market: 2.07 +0.04 (+1.97%)

Technical Rating and Analysis

5

Taking everything into account, EGHT scores 5 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. EGHT was also a bad performer in the overall market in the last year.

88% of all other stocks performed better in the past year than EGHT.
EGHT is one of the lesser performing stocks in the Software industry. 75% of 282 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. Certainly not because the S&P500 Index is trading near new highs.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
EGHT has an average volume of 1280190 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month EGHT has a been trading in the 1.80 - 2.21 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
8X8 INC / EGHT Weekly stock chart
8X8 INC / EGHT Daily stock chart
Setup Rating and Analysis

8

EGHT has only a medium 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 a resistance zone just above the current price starting at 2.17. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.02, 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

2.89

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 1.99 to 2.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 1.92 to 1.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.58 from a horizontal line in the daily time frame.

2 important resistance areas can be observed.

  • A resistance zone ranging from 2.17 to 2.17. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Resistance @2.86 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 IndicatorNEUTRALNEUTRALThe long term trend for EGHT is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for EGHT is up.
ChartMill Relative Strength12.9NEGATIVEEGHT has a low relative strength, it was outperformed by 87.1% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of EGHT is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of EGHT is above 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)55.59NEUTRALThe RSI value for EGHT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests EGHT has a negative trend, although the MACD value is rising.
Stochastics (14,3)51.56NEUTRALThe Stochastics value for EGHT is a neutral value.
Average True Range in percent/ATR (20)4.49MEDIUM VOLATILITYThe ATR as a percentage value for EGHT suggests some volalility.
Average Directional Index/ADX (14)17.67NEGATIVEThe 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 (7/25/2025, 8:00:01 PM)

After market: 2.07 +0.04 (+1.97%)

2.03

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg0%
1 Week5.18%
2 Weeks5.18%
1 Month9.14%
3 Month11.54%
6 Month-28.52%
12 Month-39.22%
2 Year-57.17%
3 Year-58.49%
5 Year-87.23%
10 Year-76.69%
15 Year41.96%
Volatility
ATR(14)0.08
ATR(20)%4.49%
ATR Inc-37.4%
Range Today0.03
ADR(20)0.09
ADR(20)%4.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.9
Mansfield-1.61
10 Day High2.1
10 Day Low1.89
20 Day High2.21
20 Day Low1.8
52 Week High3.52
52 Week Low1.51
CS1 End2.02
CR1 Start2.17
Volume & EV
DER(3)3.57%
DER(5)3.72%
Volume297.10K
Volume Incr-60.12%
Vol(5)421.60K
Vol(50)1.28M