In its most recent trading session, 8×8 Inc (NASDAQ:EGHT) dropped by -3.8% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To grasp this action better, it is helpful to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 52.225, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.01, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.545, an Accumulation/Distribution Index (ADI) of 0.545, an On-Balance Volume (OBV) of 496.246, and a Chaiikin Money Flow (CMF) of 19.62. 4.2
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
So there you have it – our analysis of 8×8 Inc (NASDAQ:EGHT). Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.