DOCUSIGN INC (DOCU) Stock Technical Analysis
NASDAQ:DOCU • US2561631068
Overall DOCU gets a technical rating of 0 out of 10. DOCU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 94% of all other stocks performed better in the past year than DOCU.
- DOCU is one of the lesser performing stocks in the Software industry. 70% of 274 stocks in the same industry do better.
- DOCU is currently making a new 52 week low. This is a very bad signal. Certainly because the S&P500 Index is trading near new highs.
- In the last month DOCU has a been trading in the 40.42 - 58.65 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- DOCU has an average volume of 3922980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of DOCU is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
41.33
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 47.63 to 48.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @63.87 from a trend line in the daily time frame.
- Resistance @67.82 from a trend line in the daily time frame.
- A resistance zone ranging from 72.02 to 72.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @74.58 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DOCU is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DOCU is down. |
| ChartMill Relative Strength | 6.94 | NEGATIVE | DOCU has a low relative strength, it was outperformed by 93.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DOCU is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DOCU is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DOCU is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 24.06 | OVERSOLD | The low RSI value suggests DOCU may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests DOCU has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 19.7 | OVERSOLD | The low Stochastics value suggests DOCU may be oversold. |
| Average True Range in percent/ATR (20) | 6.1 | HIGH VOLATILITY | The high ATR as a percentage value for DOCU suggests high volalility. |
| Average Directional Index/ADX (14) | 50.59 | POSITIVE | The high ADX value value for DOCU suggests a strong trend. |
41.75
-2.73 (-6.14%)
DOCUSIGN INC / DOCU FAQ
What is the ChartMill technical rating of DOCUSIGN INC (DOCU) stock?
ChartMill assigns a technical rating of 0 / 10 to DOCU.
What is the current trend direction of DOCUSIGN INC (DOCU) stock?
The current trend direction for DOCUSIGN INC (DOCU) is Bearish.
What is the RSI signal for DOCUSIGN INC (DOCU) stock?
DOCUSIGN INC (DOCU) has an RSI value of 24.0564. This indicates that the stock is currently oversold.
Can you provide the MACD signal for DOCUSIGN INC?
The MACD indicator for DOCUSIGN INC (DOCU) has a value of 0.138005, indicating a bearish trend.
What is the buy/sell signal for DOCUSIGN INC (DOCU) stock?
The buy/sell signal for DOCUSIGN INC (DOCU) is sell as both the short term and long term trends are negative.