EGAIN CORP. - Weekly - Technical analysis published on 07/16/2020 (GMT)
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- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Bullish
Technical indicators
50%
11%
39%
My opinion
Bullish above 8.31 USD
My targets
10.42 USD (+6.98%)
12.46 USD (+27.93%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on EGAIN CORP. as long as the price remains well above 8.31 USD. The buyers” bullish objective is set at 10.42 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 12.46 USD. If there is any crossing, the next objective would be the resistance located at 15.50 USD.
In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
5.9
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This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The EGAIN CORP. rating is 9.74 USD. The price registered a decrease of -12.41% over 5 days and was traded between 9.74 USD and 10.95 USD over the period. The price is currently at 0% from its lowest point and -11.05% from its highest point.9.74
10.95
9.74
A bearish gap was detected at the opening by the Central Gaps scanner. There are a lot of sellers and they have the upper hand in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Technical
Technical analysis of this Weekly chart of EGAIN CORP. indicates that the overall trend is bullish. 78.57% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the scanner specialised in technical indicators, has identified this signal:
Pivot points : price is under support 2
Type : Neutral
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 3.04 | 6.57 | 8.31 | 9.74 | 10.42 | 12.46 | 15.50 |
| Change (%) | -68.79% | -32.55% | -14.68% | - | +6.98% | +27.93% | +59.14% |
| Change | -6.70 | -3.17 | -1.43 | - | +0.68 | +2.72 | +5.76 |
| Level | Minor | Major | Intermediate | - | Major | Intermediate | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 9.28 | 9.51 | 9.74 | 9.97 | 10.20 | 10.43 | 10.66 |
| Camarilla | 9.84 | 9.89 | 9.93 | 9.97 | 10.01 | 10.05 | 10.10 |
| Woodie | 9.28 | 9.51 | 9.74 | 9.97 | 10.20 | 10.43 | 10.66 |
| Fibonacci | 9.51 | 9.69 | 9.79 | 9.97 | 10.15 | 10.25 | 10.43 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 8.91 | 9.82 | 10.30 | 11.21 | 11.69 | 12.60 | 13.08 |
| Camarilla | 10.40 | 10.53 | 10.65 | 10.78 | 10.91 | 11.04 | 11.16 |
| Woodie | 8.70 | 9.71 | 10.09 | 11.10 | 11.48 | 12.49 | 12.87 |
| Fibonacci | 9.82 | 10.35 | 10.68 | 11.21 | 11.74 | 12.07 | 12.60 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.57 | 7.60 | 9.36 | 10.38 | 12.14 | 13.17 | 14.92 |
| Camarilla | 10.35 | 10.60 | 10.86 | 11.11 | 11.37 | 11.62 | 11.88 |
| Woodie | 6.94 | 7.78 | 9.72 | 10.56 | 12.50 | 13.35 | 15.29 |
| Fibonacci | 7.60 | 8.66 | 9.32 | 10.38 | 11.45 | 12.10 | 13.17 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 53.44 | |
| MACD (12,26,9): | 0.6500 | |
| Directional Movement: | 8.09 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 10.19 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.99 | |
| Elder Ray (13): | 0.58 | |
| Super Trend (3,10): | 7.48 | |
| Zig ZAG (10): | 10.00 | |
| VORTEX (21): | 0.9900 | |
| Stochastique (14,3,5): | 74.37 | |
| TEMA (21): | 10.67 | |
| Williams %R (14): | -44.44 | |
| Chande Momentum Oscillator (20): | 1.87 | |
| Repulse (5,40,3): | -11.0700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.9200 | |
| Courbe Coppock: | 77.65 |
| MA7: | 10.42 | |
| MA20: | 10.33 | |
| MA50: | 10.05 | |
| MA100: | 8.73 | |
| MAexp7: | 10.13 | |
| MAexp20: | 9.37 | |
| MAexp50: | 8.73 | |
| MAexp100: | 8.28 | |
| Price / MA7: | -6.53% | |
| Price / MA20: | -5.71% | |
| Price / MA50: | -3.08% | |
| Price / MA100: | +11.57% | |
| Price / MAexp7: | -3.85% | |
| Price / MAexp20: | +3.95% | |
| Price / MAexp50: | +11.57% | |
| Price / MAexp100: | +17.63% |
Quotes :
2020-07-16 14:43:29
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15 min delayed data
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NASDAQ Stocks
News
Don"t forget to follow the news on EGAIN CORP.. At the time of publication of this analysis, the latest news was as follows:
- eGain Adds Google’s Business Messages support to its Messaging Hub
- eGain to Participate at the ROTH Virtual London Conference
- Leading US health insurance company selects eGain to modernize member service
- eGain Reimagines Conversational Customer Engagement with eGain Messaging Hub™
- eGain to Participate in Stifel 2020 Virtual Cross Sector Insight Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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