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8X8 INC (EGHT) Stock Technical Analysis

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

1.66  +0.07 (+4.4%)

After market: 1.66 0 (0%)

Technical Rating and Analysis

0

We assign a technical rating of 0 out of 10 to EGHT. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
When comparing the yearly performance of all stocks, EGHT is a bad performer in the overall market: 92% of all stocks are doing better.
EGHT is one of the lesser performing stocks in the Software industry. 81% of 282 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. The S&P500 Index is trading in the upper part of its 52 week range, so EGHT is lagging the market.
In the last month EGHT has a been trading in the 1.56 - 1.99 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
EGHT has an average volume of 1355090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Weekly and Daily overview Charts
8X8 INC / EGHT Weekly stock chart
8X8 INC / EGHT Daily stock chart
Setup Rating and Analysis

5

EGHT has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price.

Support and Resistance Analysis

1.64

3.20

6 important resistance areas can be observed.

  • Resistance @1.72 from a trend line in the daily time frame.
  • A resistance zone ranging from 1.78 to 1.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 1.86 to 1.88. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • Resistance @2.86 from a trend line in the weekly time frame.
  • Resistance @2.96 from a trend line in the weekly time frame.
  • Resistance @3.17 from a horizontal 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 IndicatorDOWNNEGATIVEThe long term trend for EGHT is down.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for EGHT is down.
ChartMill Relative Strength8.37NEGATIVEEGHT has a low relative strength, it was outperformed by 91.63% off all stocks on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of EGHT is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of EGHT is below a declining SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of EGHT is below a declining SMA(200).
Relative Strength Index/RSI (14)35.95NEUTRALThe RSI value for EGHT is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.02NEGATIVEThe MACD value suggests EGHT has a negative trend.
Stochastics (14,3)10.28OVERSOLDThe low Stochastics value suggests EGHT may be oversold.
Average True Range in percent/ATR (20)6.46HIGH VOLATILITYThe high ATR as a percentage value for EGHT suggests high volalility.
Average Directional Index/ADX (14)23.66NEUTRALThe ADX value for EGHT suggests a possible start of a new 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 (5/27/2025, 4:30:01 PM)

After market: 1.66 0 (0%)

1.66

+0.07 (+4.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg4.4%
1 Week-12.15%
2 Weeks-14.05%
1 Month-12.64%
3 Month-40.45%
6 Month-47.7%
12 Month-43.42%
2 Year-61.03%
3 Year-78.07%
5 Year-89.06%
10 Year-80.94%
15 Year20.45%
Volatility
ATR(14)0.11
ATR(20)%6.46%
ATR Inc0.42%
Range Today0.07
ADR(20)0.09
ADR(20)%5.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.37
Mansfield-3.23
10 Day High1.99
10 Day Low1.57
20 Day High1.99
20 Day Low1.57
52 Week High3.52
52 Week Low1.51
CS1 EndN/A
CR1 Start1.72
Volume & EV
DER(3)-5.03%
DER(5)-1.59%
Volume1.38M
Volume Incr18.97%
Vol(5)1.85M
Vol(50)1.36M