Overall DOCU gets a technical rating of 1 out of 10. DOCU scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, DOCU does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 71.11. Right above this resistance zone may be a good entry point.
More info and screens
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We found 2 important support areas.
- A support zone ranging from 67.95 to 68.64. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 64.01 to 64.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 71.11 to 71.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @72.44 from a horizontal line in the daily time frame.
- A resistance zone ranging from 75.58 to 75.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The short term trend for DOCU is up. |
| ChartMill Relative Strength | 18.39 | NEGATIVE | DOCU has a low relative strength, it was outperformed by 81.61% 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) | 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) | 51.14 | NEUTRAL | The RSI value for DOCU is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests DOCU has a positive trend. |
| Stochastics (14,3) | 75.79 | NEUTRAL | The Stochastics value for DOCU is a neutral value. |
| Average True Range in percent/ATR (20) | 2.93 | MEDIUM VOLATILITY | The ATR as a percentage value for DOCU suggests some volalility. |
| Average Directional Index/ADX (14) | 10.24 | NEGATIVE | The low ADX value for DOCU suggests a weak or negative trend. |
68.81
-0.99 (-1.42%)
DOCUSIGN INC / DOCU 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.
What is the RSI signal for DOCUSIGN INC (DOCU) stock?
DOCUSIGN INC (DOCU) has an RSI value of 51.1389. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DOCUSIGN INC?
The MACD indicator for DOCUSIGN INC (DOCU) has a value of 0.0459022, indicating a bearish trend.
What is the buy/sell signal for DOCUSIGN INC (DOCU) stock?
The buy/sell signal for DOCUSIGN INC (DOCU) is hold as the short term and long term trends are mixed.