VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Buy

EGHT Forecast and Technical Stock Analysis

Buy candidate since 2019-07-19

8x8 Inc gained 0.69% in the last trading day ( Friday, 19th Jul 2019 ), rising from $24.50 to $24.67 During day the stock fluctuated 1.73% from a day low at $24.50 to a day high of $24.92. The price has been going up and down for this period, and there has been a -0.12% loss for the last 2 weeks. Volume fell in the last day by -1 013 560 shares, and in total, 921 316 shares bought and sold for approximately $22.73 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the EGHT stock price was $25.93 and low was $23.07.
  • 90 day high was $25.93 and low was $22.00.
  • 52 week high for the 8x8 Inc - $25.93 and low - $15.13.
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Trend

8x8 Inc lies in the middle of a wide and weak 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 6.27% during the next 3 months and, with 90% probability hold a price between $24.94 and $27.62 at the end of this period.

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Signals

Only positive signals in the chart today. 8x8 Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $25.10. On a fall, the stock will find some support from the long-term average at approximately $24.42. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Thursday July 18, 2019, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and may be an early warning. The stock should be watched closely.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 58 and the stock is currently not being overbought or oversold

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

8x8 Inc finds support from accumulated volume at $23.46.

Support: $23.46 Price: $24.67 Resistance: $24.72

Risk

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 $0.42 (1.73%) between high and low. For the last week, the stock has had a daily average volatility of 2.59%.

Our recommended stoploss: $23.33 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 1 days ago.)

2.59 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Buy Candidate Upgraded

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. We have upgraded our recommendation for this stock since last evaluation from a Hold/Accumulate to a Buy Candidate.

Weaker Buy Today EGHT ranks #202 as BUY CANDIDATE #202 Stronger Buy

Will EGHT stock price go up or down on Mon, 22 Jul 2019?

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