Weaker Buy Today EGHT ranks #69 as BUY CANDIDATE. Stronger Buy
Today EGHT ranks #69 as BUY CANDIDATE.

EGHT stock 8x8 Inc

EGHT stock
8x8 Inc

22 January 2019
Change 0.30%
Chart period: 2018-10-23 - 2019-01-22
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy
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8x8 Inc Stock Analysis

Technical stock analysis for 22 January 2019

Buy candidate since 2019-01-14 Gain 2.12%
Shorts 3.83% ( 2018-12-31 )
Cash n/a
Loans n/a
Beta 0.90
ROA -41.54

8x8 Inc gained 0.30% in the last trading day, rising from $20.15 to $20.21 , and has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 3.85% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 16 199 more shares were traded than the day before. In total, 532 055 shares bought and sold for approximately $10.75 million.

Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the EGHT stock was $20.21. This is 0.3% more than the trading day before Friday, 18th Jan 2019.

During day the stock fluctuated 1.45% from a day low at $19.94 to a day high of $20.23.

30 day high of the EGHT stock price was $20.23 and low was $16.34.
90 day high was $20.41 and low was $15.13.
52 week high for the 8x8 Inc - $23.50 and low - $15.13.

Trend

8x8 Inc lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.55% during the next 3 months and, with 90% probability hold a price between $18.78 and $23.53 at the end of this period.

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Signals

Only positive signals in the chart today. 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 $20.00 and $18.93. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday January 03, 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.

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Relative Strength Index (RSI)

The stock holds a RSI14 at 73 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

8x8 Inc finds support from accumulated volume at $20.20.

Support: $20.20 Price: $20.21

Risk

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 $0.29 between high and low, or 1.45%. For the last week, the stock has had a daily average volatility of 2.01%.

Our recommended stoploss: $19.34 (-4.29%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 73 and this increases the risk substantially. There is a buy signal from pivot bottom found 12 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

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.

Weaker Buy Today EGHT ranks #69 as BUY CANDIDATE. Stronger Buy
Today EGHT ranks #69 as BUY CANDIDATE.