8x8 (EGHT) Technical Analysis: Signals, Charts & Indicators

2.95 / 10

Underperform

Technically, EGHT is underperforming with a score of 2.95/10. Dominant bearish signals include RSI Overbought, Long Upper Shadow, and Long Lower Shadow, while only Marubozu White offers bullish support. The preponderance of four bearish versus one bullish indicator underscores a weak market state and highlights the need for risk management until clearer uptrend confirmation emerges.

Analysis Checks(1/5)

Long Upper Shadow

Score3.97/10

Win Rate47.37%

Hist. Signals19

Avg Return2.26%

Long Lower Shadow

Score1/10

Win Rate27.78%

Hist. Signals18

Avg Return-2.45%

RSI Overbought

Score1/10

Win Rate25.00%

Hist. Signals8

Avg Return-2.19%

MACD Golden Cross

Score1/10

Win Rate37.50%

Hist. Signals8

Avg Return-1.88%

Marubozu White

Score7.79/10

Win Rate64.00%

Hist. Signals25

Avg Return1.71%

Technical Analysis of EGHT?

EGHT presents a Underperform setup with a Technical Score of 2.95/10. Key technical indicators highlight an RSI of 73.50 and a MACD of 0.24, with the trend anchored by the 50-Day SMA at 1.96. Traders should monitor key support at 2.54 and resistance at 2.83.