DOCUSIGN INC (DOCU) Stock Technical Analysis
NASDAQ:DOCU - Nasdaq - US2561631068 - Common Stock - Currency: USD
Overall DOCU gets a technical rating of 7 out of 10. In the last year, DOCU was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
DOCU is part of the Software industry. There are 283 other stocks in this industry. DOCU outperforms 81% of them.
DOCU has an average volume of 2266110 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, DOCU did better than 91% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DOCU is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DOCU is lagging the market slightly.
In the last month DOCU has a been trading in the 79.62 - 92.97 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although DOCU has an excellent technical rating, it does not present a decent entry opportunity 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
64.93
93.34
We found 6 important support areas.
- A support zone ranging from 82.35 to 84.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @76.31 from a trend line in the weekly time frame.
- Support @73.86 from a trend line in the daily time frame.
- Support @72.21 from a horizontal line in the weekly time frame.
- Support @68.98 from a horizontal line in the daily time frame.
- Support @65.59 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 91.75 to 92.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for DOCU is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DOCU is neutral. |
| ChartMill Relative Strength | 91.13 | POSITIVE | DOCU has a high relative strength, it outperformed 91.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DOCU is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DOCU is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DOCU is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 49.53 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.25 | NEGATIVE | The MACD value suggests DOCU has a negative trend. |
| Stochastics (14,3) | 40.09 | NEUTRAL | The Stochastics value for DOCU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 22.15 | NEUTRAL | The ADX value for DOCU suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
84.61
-1.92 (-2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-2.22%
1 Week-8.45%
2 Weeks1.58%
1 Month2.17%
3 Month0.77%
6 Month1.9%
12 Month48.62%
2 Year50.02%
3 Year0.83%
5 Year-39.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.7
ATR(20)%3.03%
ATR Inc-15.21%
Range Today1.3
ADR(20)2.23
ADR(20)%2.64%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.13
Mansfield1.31
10 Day High92.97
10 Day Low84.51
20 Day High92.97
20 Day Low79.62
52 Week High107.86
52 Week Low48.7
CS1 End84.6
CR1 Start91.75
Volume & EV
DER(3)-1.44%
DER(5)-0.25%
Volume1.34M
Volume Incr10.05%
Vol(5)1.68M
Vol(50)2.27M