DOCU Technical Analysis - DOCUSIGN INC

Technical Rating and Analysis

Overall DOCU gets a technical rating of 9 out of 10. Both in the recent history as in the last year, DOCU has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

DOCU is one of the better performing stocks in the Software industry, it outperforms 71% of 279 stocks in the same industry.

In the last month DOCU has a been trading in the 70.81 - 86.65 range, which is quite wide. It is currently trading near the high of this range.

DOCU has an average volume of 2741790 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that DOCU is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.

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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DOCU has an excellent technical rating, but the quality of the setup is only medium 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

70.49

94.78

We found 2 important support areas.

A support zone ranging from 78.23 to 78.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @71.20 from a trend line in the weekly time frame.

4 important resistance areas can be observed.

A resistance zone ranging from 84.58 to 85.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @87.25 from a trend line in the weekly time frame.
Resistance @90.65 from a trend line in the daily time frame.
Resistance @93.84 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for DOCU is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for DOCU is up.
ChartMill Relative Strength	84	POSITIVE	DOCU has a high relative strength, it outperformed 84% 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)	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)	69.17	NEUTRAL	The RSI value for DOCU is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.8	POSITIVE	The MACD value suggests DOCU has a positive trend, although the MACD value is declining.
Stochastics (14,3)	90.17	OVERBOUGHT	The high Stochastics value suggests DOCU may be overbought.
Average True Range in percent/ATR (20)	3.04	MEDIUM VOLATILITY	The ATR as a percentage value for DOCU suggests some volalility.
Average Directional Index/ADX (14)	26.75	POSITIVE	The high ADX value value for DOCU suggests a strong trend.