DOCUSIGN INC (DOCU) Stock Technical Analysis
NASDAQ:DOCU - Nasdaq - US2561631068 - Common Stock - Currency: USD
Taking everything into account, DOCU scores 2 out of 10 in our technical rating. 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.
In the last month DOCU has a been trading in the 74.85 - 94.67 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
DOCU has an average volume of 2847680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the yearly performance of all stocks, we notice that DOCU is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
DOCU is an average performer in the Software industry, it outperforms 69% of 284 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 a poor technical rating and the quality of the setup is also 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.
More info and screens
65.91
94.12
5 important support areas can be observed.
- Support @75.28 from a trend line in the daily time frame.
- Support @72.21 from a horizontal line in the weekly time frame.
- 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 @66.58 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @89.89 from a trend line in the weekly time frame.
- Resistance @93.19 from a trend line 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 | NEUTRAL | NEUTRAL | The long term trend for DOCU is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DOCU is down. |
| ChartMill Relative Strength | 83.74 | POSITIVE | DOCU has a high relative strength, it outperformed 83.74% 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) | UP | MIXED | The current price of DOCU is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 37.57 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.78 | NEGATIVE | The MACD value suggests DOCU has a negative trend. |
| Stochastics (14,3) | 7.97 | OVERSOLD | The low Stochastics value suggests DOCU may be oversold. |
| Average True Range in percent/ATR (20) | 4.42 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 23.49 | 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)
76.01
-0.23 (-0.3%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg-0.3%
1 Week-18.18%
2 Weeks-11.32%
1 Month-15.8%
3 Month-11.37%
6 Month-19.55%
12 Month49.51%
2 Year48.78%
3 Year32.47%
5 Year-55.86%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.65
ATR(20)%4.42%
ATR Inc-51.78%
Range Today2.17
ADR(20)2.46
ADR(20)%3.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.74
Mansfield-0.4
10 Day High94.67
10 Day Low74.85
20 Day High94.67
20 Day Low74.85
52 Week High107.86
52 Week Low48.8
CS1 End75.28
CR1 Start89.89
Volume & EV
DER(3)-0.9%
DER(5)-1.44%
Volume3.49M
Volume Incr298.11%
Vol(5)9.30M
Vol(50)2.85M