How did EGAN's Q3 2025 forecast compare to past surprises?
4/11/2025 03:15pm
eGain's (EGAN) Q3 2025 forecast shows a bullish trend with a 75% probability of continuation, a 64.37% historical win rate for this type of forecast, and a mean forecast price of $4.99, indicating a potential for price swing.
1. **Comparison to Past Surprises**:
- EGAN has a history of price swings, with significant drops followed by slight increases.
- The current forecast price of $4.99 is close to the recent past price of $4.7, suggesting a potential for a modest increase.
- The forecast price range of $4.77 to $5.12 for the next few days indicates a potential for volatility.
2. **Current Price Trend**:
- EGAN is currently between narrow support and resistance levels, indicating a potential for price movement but also limited upward space.
- The stock is in a bearish trend over the last 12 days, but with a clear trend expected for the next 6 days.
3. **Forecast Confidence**:
- The unconditioned trend shows a 70% probability of the bullish trend lasting for 9.6 days, which aligns with the Q3 2025 forecast period.
- The continuation probability of 75% for the clear trend suggests confidence in the forecast direction.
In conclusion, EGAN's Q3 2025 forecast is in line with the stock's history of price swings and current trend, with a bullish outlook but also considering the potential for volatility and limited upward space. The forecast price of $4.99 aligns with recent past prices and suggests a potential for a modest increase.