For its latest trading sesion, 8×8 Inc (NYSE:EGHT) dropped by -0.7% – here is what that looked like (as of 2020-01-06):
What’s the reason for these moves? To have a greater insight of what is happening, it is helpful to analyze some technical indicators. As we see it, you should pay the most attention to the following:
A Money Flow Index (MFI) of 50.162, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of -100.0, a Moving Average Convergence Divergence (MACD) of 0.0, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.508, an Accumulation/Distribution Index (ADI) of 0.508, an On-Balance Volume (OBV) of 46.683, and a Chaiikin Money Flow (CMF) of 18.63. 1.444
So what do these technical indicators mean? Let’s see. Consulting Trading View, we can conclude the following:
That is what an analysis of technical indicators seems to indicate for 8×8 Inc (NYSE:EGHT). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.
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