EGHT Forecast and Technical Stock Analysis
Sell candidate since 2019-11-29 Loss -16.33% PDF
8x8 Inc gained 2.14% in the last trading day ( Friday, 13th Dec 2019 ), rising from $16.81 to $17.17 During the day the stock fluctuated 3.37% from a day low at $16.62 to a day high of $17.18. The price has fallen in 7 of the last 10 days and is down by -16.33% for this period. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 0.73 million more shares were traded than the day before. In total, 1.79 million shares bought and sold for approximately $30.68 million.
- 30 day high of the EGHT stock price was $20.98 and low was $16.62.
- 90 day high was $24.52 and low was $16.62.
- 52 week high for 8x8 Inc - $26.67 and low - $16.34.
8x8 Inc lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. A break down the bottom trend line at $16.47 will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.11% during the next 3 months and, with 90% probability hold a price between $13.98 and $17.36 at the end of this period.
A buy signal was issued from a pivot bottom point on Thursday December 12, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. 8x8 Inc holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $17.66 and $19.48. A break-up above any of these levels will issue buy signals.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
The stock currently holds a RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
8x8 Inc finds support from accumulated volume at $16.81.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.56 between high and low, or 3.37%. For the last week, the stock has had a daily average volatility of 3.40%.
8x8 Inc is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a sell evaluation for this stock. No stop-loss set.
3.40 %Average volatility
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|EGHT $17.17 ($0.36 2.14%)|
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!