Thursday May 23, 2019 Change -1.85% Price $23.38
Chart period: 2019-02-25 - 2019-05-23




Will EGHT stock price go up or down on Tue, 28 May 2019?


8x8 Inc Forecast and Stock Analysis

Technical EGHT stock analysis for Thursday May 23, 2019.

Buy candidate since 2019-05-16
Shorts 10.39% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 1.56
ROA -21.55%
Price to book USD 9.20
P/E Ratio -25.49
Next Earnings Date 2019-07-23

8x8 Inc fell by -1.85% in the last day ( Thursday, 23rd May 2019 ) from $23.82 to $23.38 During day the stock fluctuated 3.33% from a day low at $23.01 to a day high of $23.77. The price has risen in 6 of the last 10 days , but is still down by -1.72% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.43 million shares and in total 1.38 million shares bought and sold for approximately $32.20 million.

Quick summary:

  • 30 day high of the EGHT stock price was $24.39 and low was $22.00.
  • 90 day high was $24.39 and low was $18.08.
  • 52 week high for the 8x8 Inc - $24.39 and low - $15.13.


8x8 Inc lies in the lower part of a wide and strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at $22.94 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.31% during the next 3 months and, with 90% probability hold a price between $29.20 and $32.36 at the end of this period.

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8x8 Inc holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $23.33 and $22.89. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Wednesday May 22, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

8x8 Inc finds support from accumulated volume at $23.14.

Support: $23.14 Price: $23.38 Resistance: $23.46


This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.77 (3.33%) between high and low. For the last week, the stock has had a daily average volatility of 2.92%.

Our recommended stoploss: $22.20 (-5.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)

2.92 %

Average volatility

Overall risk:

Very Low Low Medium High Very High


Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.

Buy Candidate Downgraded
Weaker Buy Today EGHT ranks #337 as BUY CANDIDATE #337 Stronger Buy
EGHT $23.38 ($-0.44 -1.85%)
EGHT is down $0.44 today, but where's it headed in 2019?
Zacks Investment Research is releasing its prediction for EGHT based on the 1-3 month system that more than doubles the S&P 500.

This report is free today for readers.

Click here – the EGHT analysis is free »

Will EGHT stock price go up or down
on Tue, 28 May 2019?


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