RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EGHT
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Red day on Thursday for 8x8 Inc
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Gain 1.89% PDF

The 8x8 Inc stock price fell by -1.46% on the last day (Thursday, 28th Mar 2024) from $2.74 to $2.70. During the last trading day the stock fluctuated 7.04% from a day low at $2.70 to a day high of $2.89. The price has fallen in 5 of the last 10 days and is down by -1.46% for this period. Volume has increased on the last day by 27 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 646 thousand shares were bought and sold for approximately $1.74 million.

The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -27.25% during the next 3 months and, with a 90% probability hold a price between $1.46 and $2.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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EGHT Signals & Forecast

There are few to no technical positive signals at the moment. The 8x8 Inc 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 $2.71 and $2.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 12, 2024, and so far it has fallen -14.29%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for 8x8 Inc stock

8x8 Inc finds support from accumulated volume at $2.69 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.190 between high and low, or 7.04%. For the last week, the stock has had daily average volatility of 5.21%.

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

Trading Expectations (EGHT) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect 8x8 Inc to open at $2.76, and during the day (based on 14 day Average True Range), to move between $2.55 and $2.85, which gives a possible trading interval of +/-$0.154 (+/-5.72%) up or down from last closing price. If 8x8 Inc takes out the full calculated possible swing range there will be an estimated 11.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.69 (0.37%) than the resistance at $2.72 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is 8x8 Inc stock A Buy?

8x8 Inc holds several negative signals and is within a very 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: -3.240 Sell Candidate Unchanged

Predicted Opening Price for 8x8 Inc of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.76 ( 2.35%) $2.70

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

Trading levels for EGHT

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.95 9.38 %
R2 2.88 6.69 %
R1 2.84 5.03 %
Current price: 2.70
Support S1 2.69 -0.342 %
S2 2.65 -2.00 %
S3 2.57 -4.69 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.97 10.00 %
R2 2.76 2.22 %
R1 2.72 0.741 %
Current price 2.70
Support S1 2.69 -0.370%
S2 2.67 -1.11%
S3 2.61 -3.33%

FAQ

What is the symbol for 8x8 Inc Stock and on which exchange is it traded?
The symbol for 8x8 Inc is EGHT and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell 8x8 Inc Stock?
8x8 Inc holds several negative signals and is within a very 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.

How to buy 8x8 Inc Stock?
8x8 Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy 8x8 Inc Stock.

What's the current price of 8x8 Inc Stock?
As of the end of day on the 2024-03-28, the price of an 8x8 Inc (EGHT) share was $2.70.

What is the 52-week high and low for 8x8 Inc Stock?
The 52-week high for 8x8 Inc Stock is $4.88 and the 52-week low is $2.15.

What is the market capitalization of 8x8 Inc Stock?
As of the 2024-03-28, the market capitalization of 8x8 Inc is 333.237M.

When is the next earnings date for 8x8 Inc?
The upcoming earnings date for 8x8 Inc is May 09, 2024.
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About 8x8 Inc

8x8 8x8, Inc. provides voice, video, chat, contact center, and enterprise-class application programmable interface (API) Software-as-a-Service solutions for small and mid-size businesses, mid-market and larger enterprises, government agencies, and other organizations worldwide. The company offers unified communications, team collaboration, video conferencing, contact center, data and analytics, communication APIs, and other services. It provides 8x8 ... EGHT Profile

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