DOCUSIGN INC (DOCU) Stock Technical Analysis
NASDAQ:DOCU - Nasdaq - US2561631068 - Common Stock - Currency: USD
Overall DOCU gets a technical rating of 1 out of 10. DOCU has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames 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.
DOCU has an average volume of 3189160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, DOCU outperforms 52% of them, which is more or less in line with the market.
DOCU is part of the Software industry. There are 283 other stocks in this industry, DOCU did better than 58% of them.
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 not perfect 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
68.50
89.18
We found 1 important support area.
- A support zone ranging from 69.19 to 70.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- A resistance zone ranging from 74.61 to 75.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @79.87 from a horizontal line in the weekly time frame.
- Resistance @81.41 from a horizontal line in the daily time frame.
- Resistance @83.55 from a trend line in the weekly time frame.
- Resistance @88.30 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 | 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 | 52.65 | NEUTRAL | DOCU is not amongst the best or worst performers 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) | 44.24 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests DOCU has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.12 | NEUTRAL | The Stochastics value for DOCU is a neutral value. |
| Average True Range in percent/ATR (20) | 3.38 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 27.37 | POSITIVE | The high ADX value value for DOCU suggests a strong 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)
71.7
+0.8 (+1.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustrySoftware
Performance
% Chg1.13%
1 Week6.79%
2 Weeks-4.88%
1 Month-9.63%
3 Month-15.26%
6 Month-14.6%
12 Month24.83%
2 Year42.54%
3 Year23.15%
5 Year-67.85%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.65
ATR(20)%3.38%
ATR Inc-22.73%
Range Today1.29
ADR(20)2.31
ADR(20)%3.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS52.65
Mansfield-1.74
10 Day High75.94
10 Day Low66.35
20 Day High81.73
20 Day Low66.35
52 Week High107.86
52 Week Low54.32
CS1 End70.61
CR1 Start74.61
Volume & EV
DER(3)0.58%
DER(5)1.39%
Volume2.05M
Volume Incr25.16%
Vol(5)2.67M
Vol(50)3.19M