8X8 INC (EGHT) Technical Analysis
NASDAQ:EGHT • US2829141009
Current stock price
EGHT Technical Rating and Analysis
Taking everything into account, EGHT scores 3 out of 10 in our technical rating. In the last year, EGHT was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- 68% of all other stocks performed better in the past year than EGHT.
- In the last month EGHT has a been trading in the 2.01 - 2.67 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.
- EGHT is one of the better performing stocks in the Software industry, it outperforms 77% of 277 stocks in the same industry.
- EGHT has an average volume of 1919700 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- EGHT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EGHT is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
EGHT Weekly and Daily overview Charts
EGHT 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
EGHT Support and Resistance Analysis
1.66
We found 2 important support areas.
- A support zone ranging from 2.05 to 2.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.68 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 2.07 to 2.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.46 from a trend line in the daily time frame.
- Resistance @2.67 from a trend line in the weekly time frame.
EGHT 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 | 32.06 | NEUTRAL | EGHT is not amongst the best or worst performers 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) | UP | MIXED | The current price of EGHT is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EGHT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.03 | 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) | 9.6 | OVERSOLD | The low Stochastics value suggests EGHT may be oversold. |
| Average True Range in percent/ATR (20) | 8.45 | HIGH VOLATILITY | The high ATR as a percentage value for EGHT suggests high volalility. |
| Average Directional Index/ADX (14) | 15.89 | NEGATIVE | The low ADX value for EGHT suggests a weak or negative trend. |
EGHT Chart- and CandleStick Pattern Analysis
EGHT Technicals: Chart, Performance Metrics, Trend & Indicators
2.06
-0.03 (-1.44%)
8X8 INC / EGHT TA FAQ
Can you provide the ChartMill technical rating for 8X8 INC?
ChartMill assigns a technical rating of 3 / 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 43.0257. This indicates that the stock is currently neutral.
What is the MACD signal for 8X8 INC (EGHT) stock?
The MACD indicator for 8X8 INC (EGHT) has a value of -0.0412068, indicating a bearish trend.
What are the support and resistance levels for 8X8 INC (EGHT) stock?
8X8 INC (EGHT) has a support level at 2.05 and a resistance level at 2.07. Check the full technical report for our detailed analysis of EGHT support and resistance levels.