DOCUSIGN INC (DOCU) Stock Technical Analysis
NASDAQ:DOCU - Nasdaq - US2561631068 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to DOCU. Although DOCU is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
DOCU is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
When comparing the yearly performance of all stocks, we notice that DOCU is one of the better performing stocks in the market, outperforming 80% of all stocks.
DOCU has an average volume of 3011610 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DOCU is an average performer in the Software industry, it outperforms 63% of 282 stocks in the same industry.
DOCU is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DOCU is lagging the market.
DOCU has an average technical rating and the quality of the presented setup is also not ideal 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
66.89
93.34
When analyzing the support we can see 5 important areas.
- A support zone ranging from 74.48 to 76.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.89 to 72.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @70.35 from a horizontal line in the daily time frame.
- Support @68.98 from a horizontal line in the daily time frame.
- Support @67.57 from a trend line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 79.03 to 80.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @87.99 from a trend line in the weekly time frame.
- A resistance zone ranging from 91.67 to 92.42. This zone is formed by a combination of multiple trend lines in the daily 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 | 80.13 | POSITIVE | DOCU has a high relative strength, it outperformed 80.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DOCU is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of DOCU is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of DOCU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.18 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.53 | POSITIVE | The MACD value suggests DOCU has a positive trend. |
| Stochastics (14,3) | 85.54 | OVERBOUGHT | The high Stochastics value suggests DOCU may be overbought. |
| Average True Range in percent/ATR (20) | 3.46 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 20.94 | 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)
79.02
+1.87 (+2.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg2.42%
1 Week4.59%
2 Weeks5.01%
1 Month-15.79%
3 Month9.43%
6 Month-12.4%
12 Month45.1%
2 Year46.82%
3 Year23.51%
5 Year-63.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.72
ATR(20)%3.46%
ATR Inc-3.08%
Range Today2.22
ADR(20)1.94
ADR(20)%2.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.13
Mansfield-0.48
10 Day High79.21
10 Day Low73.6
20 Day High94.67
20 Day Low73.6
52 Week High107.86
52 Week Low48.8
CS1 End76.95
CR1 Start79.03
Volume & EV
DER(3)3.49%
DER(5)2.66%
Volume1.92M
Volume Incr-49.61%
Vol(5)2.47M
Vol(50)3.01M