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(EGHT) 8x8 Inc complete technical analysis [charts+indicators] | Buy/Sell 8x8 Inc | (EGHT) share price targets

Complete technical analysis of 8x8 Inc (EGHT) by charts plus indicators, forecast predictions and share price targets for 8x8 Inc (EGHT)

8x8 Inc trades in USA in Technology sector.

10 day averaged volume of 8x8 Inc is 1281210

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 2.76 2.69 2.77 2.64 0.532 times
16 Thu May 2024 2.68 2.75 2.75 2.66 0.747 times
15 Wed May 2024 2.77 2.86 2.86 2.72 0.521 times
14 Tue May 2024 2.78 2.70 2.81 2.68 0.582 times
13 Mon May 2024 2.68 2.64 2.77 2.62 0.785 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 2.7, but if it comes below 2.7, then a intra day sell could be more profitable.
If you take a sell trade below 2.7, then use 2.7 as stoploss and 2.44 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 2.9 as target.

Share price targets for 8x8 Inc (EGHT)

Target Type Value
Downside Target 2.12
Downside Target 2.22
Downside Target 2.36
Downside Target 2.43
Downside Target 2.60
Downside Target 2.72
Upside Target 2.86
Upside Target 2.88
Upside Target 3.20
Upside Target 3.22
Upside Target 3.36
Upside Target 3.80

Intraday share price targets for 8x8 Inc (EGHT)

Target Type Value
Downside Intraday Target 2.63
Downside Intraday Target 2.51
Upside Intraday Target 2.87
Upside Intraday Target 2.99
Downside Intraday Target 2.75

Weekly technical analysis of 8x8 Inc (EGHT)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 2.76 2.64 2.86 2.62 0.463 times
10 Fri May 2024 2.59 2.26 2.88 2.22 1.598 times
03 Fri May 2024 2.23 2.26 2.44 2.17 1.223 times
26 Fri Apr 2024 2.27 2.18 2.43 2.15 0.909 times
19 Fri Apr 2024 2.18 2.33 2.36 2.12 0.91 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of 8x8 Inc (EGHT)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 2.76 2.23 2.88 2.17 0.724 times
30 Tue Apr 2024 2.21 2.70 2.72 2.12 0.887 times
28 Thu Mar 2024 2.70 2.86 3.20 2.60 0.593 times
29 Thu Feb 2024 2.83 3.30 3.36 2.38 1.502 times

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of 8x8 Inc (EGHT)

Indicator Name Indicator Value Indicator Signal
ADX 29, 29, 0 Sell
MACD 0, -0Buy
Stochastics 79Buy
CCI 50Buy
RSI 55Buy
OBV 7845779Sell
VWAP 3Buy
ADL 0Sell
ROC 24Buy
Force Index 0Sell

Price action analysis of 8x8 Inc ( (EGHT) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of 8x8 Inc ( (EGHT) ) based on a short term time period is

Price action analysis of 8x8 Inc ( (EGHT) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of 8x8 Inc ( (EGHT) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for 8x8 Inc stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for 8x8 Inc in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

8x8 Inc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for 8x8 Inc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of 8x8 Inc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.62 and 8x8 Inc (EGHT) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the 8x8 Inc (EGHT) stock. Volume based technical analysis of 8x8 Inc (EGHT) stock is negative.

8x8 Inc Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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