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Today EGAN ranks #11342 as sell candidate. Get a Free Stock at Robinhood
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eGain Corporation Stock Forecast NASDAQ:EGAN

$9.97 (-2.54%)

Volume: 68k

Closed: Nov 26, 2021

Hollow Logo Score: -3.827

eGain Corporation Stock Forecast

$9.97 (-2.54%)

Volume: 68k

Closed: Nov 26, 2021

Score Hollow Logo -3.827
Which way will EGAN go? Request
Key Stats
P/E Ratio 57.25
Beta 1.11
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 39 and the stock is currently not being overbought or oversold

Red day on Friday for eGain Corporation stock after losing 2.54%
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-22 Loss -1.58%

The eGain Corporation stock price fell by -2.54% on the last day (Friday, 26th Nov 2021) from $10.23 to $9.97. During the day the stock fluctuated 6.76% from a day low at $9.76 to a day high of $10.42. The price has fallen in 8 of the last 10 days and is down by -13.08% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -25 thousand shares and in total, 68 thousand shares were bought and sold for approximately $676.67 thousand.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $9.66 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.29% during the next 3 months and, with a 90% probability hold a price between $8.77 and $10.41 at the end of this 3-month period.

Signals & Forecast

There are few to no technical positive signals at the moment. The eGain Corporation stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $10.47 and $10.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, November 10, 2021, and so far it has fallen -14.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.66 between high and low, or 6.76%. For the last week the stock has had a daily average volatility of 4.96%.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is eGain Corporation stock A Buy?

eGain Corporation holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -3.827

Predicted Opening Price for eGain Corporation of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$10.05 $9.97 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

Needham & Company LLC is very positive about EGAN and gave it a "Buy" rating on May 18, 2021. The price target was changed from $15.00 to $12.00.

Volatility and Risk
Daily Average Volatility: 4.96 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.96 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $10.82
Price: $9.97
No Support Found

EGAN Insider Trading Show all Trades

INSIDER POWER

0.395

Last 100 transactions
Buy: 120 500 | Sell: 305 000 (Shares)
Date Action Amount Person Type
Sep 15, 2021 Buy 3 000 Smit Eric Employee Stock Option (right to buy)
Sep 15, 2021 Sell 2 000 Smit Eric Common Stock
Sep 15, 2021 Sell 3 000 Smit Eric Common Stock
Sep 15, 2021 Buy 2 000 Smit Eric Common Stock
Sep 15, 2021 Sell 3 000 Smit Eric Employee Stock Option (right to buy)
Show all Insider Trades
INSIDER POWER

0.395

Last 100 transactions
Buy: 120 500 | Sell: 305 000 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.71 7.42 %
10.46 4.89 %
10.30 3.33 %
Current price: 9.97
Support 9.80 -1.73 %
9.64 -3.29 %
9.39 -5.82 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 12.26 22.97 %
12.08 21.16 %
10.82 8.53 %
Current price 9.97
Support 0 .
0 .
0 .

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About eGain Corporation

eGain eGain Corporation provides cloud-based customer engagement software solutions worldwide. The company offers eGain software suite, including eGain Mobile for business to offer its eGain-enabled engagement options to mobile users; eGain Social to monitor social networks; and eGain Community for creating and managing online communities or forums, community knowledge harvesting, and single-sourced publishing. Its eGain suite also consists of eGain Of... Read more

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