DOCUSIGN INC (DOCU) Technical Analysis
NASDAQ:DOCU • US2561631068
Current stock price
DOCU Technical Rating and Analysis
Overall DOCU gets a technical rating of 1 out of 10. DOCU's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, DOCU is a bad performer in the overall market: 90% of all stocks are doing better.
- DOCU is one of the lesser performing stocks in the Software industry. 60% of 275 stocks in the same industry do better.
- DOCU is currently trading in the lower part 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.
- DOCU has an average volume of 5342230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month DOCU has a been trading in the 44.85 - 51.40 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
DOCU Weekly and Daily overview Charts
DOCU Setup Rating and Analysis
Although the technical rating is bad, DOCU does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 48.69. Right above this resistance zone may be a good entry point.
More info and screens
DOCU Support and Resistance Analysis
45.91
We found 2 important support areas.
- A support zone ranging from 47.26 to 47.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @46.37 from a trend line in the daily time frame.
We can see 5 important resistance areas.
- A resistance zone ranging from 48.69 to 48.91. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @58.34 from a trend line in the daily time frame.
- Resistance @65.86 from a trend line in the daily time frame.
- Resistance @69.29 from a trend line in the weekly time frame.
- A resistance zone ranging from 72.41 to 72.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
DOCU Technical Indicator Signal Analysis
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 | NEUTRAL | NEUTRAL | The short term trend for DOCU is neutral. |
| ChartMill Relative Strength | 10.45 | NEGATIVE | DOCU has a low relative strength, it was outperformed by 89.55% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DOCU is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DOCU is above 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) | 52.83 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.26 | POSITIVE | The MACD value suggests DOCU has a positive trend. |
| Stochastics (14,3) | 47.84 | NEUTRAL | The Stochastics value for DOCU is a neutral value. |
| Average True Range in percent/ATR (20) | 4.9 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 15.06 | NEGATIVE | The low ADX value for DOCU suggests a weak or negative trend. |
DOCU Chart- and CandleStick Pattern Analysis
DOCU Technicals: Chart, Performance Metrics, Trend & Indicators
48.37
+0.2 (+0.42%)
DOCUSIGN INC / DOCU TA FAQ
What is the ChartMill technical rating of DOCUSIGN INC (DOCU) stock?
ChartMill assigns a technical rating of 1 / 10 to DOCU.
What is the current trend direction of DOCUSIGN INC (DOCU) stock?
The current trend direction for DOCUSIGN INC (DOCU) is Bearish.
Can you provide the RSI signal for DOCUSIGN INC?
DOCUSIGN INC (DOCU) has an RSI value of 52.8289. This indicates that the stock is currently neutral.
What is the short term momentum for DOCU stock?
The short term momentum for DOCUSIGN INC (DOCU) is neutral.
Can you provide the support and resistance levels for DOCUSIGN INC?
DOCUSIGN INC (DOCU) has a support level at 47.84 and a resistance level at 48.69. Check the full technical report for our detailed analysis of DOCU support and resistance levels.