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Fri, Jul 30, 2021 Buy Candidate Upgraded
Analyst Ratings Last 30 days
Stop-loss: $283.56 (-4.86%)
Price TargetJuly 09, 2021 1
Low Average High
$330.00 $330.00 $330.00
Key Stats
P/E Ratio -287.91
Beta 1.34
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 58 and the stock is currently not being overbought or oversold

Stronger technical forecast for DocuSign, Inc. stock price after Friday trading. (Updated on July 30, 2021)


Buy or Hold candidate since 2021-06-07 Gain 23.68%

The DocuSign, Inc. stock price fell by -1.04% on the last day (Friday, 30th Jul 2021) from $301.18 to $298.04. and has now fallen 3 days in a row. During the day the stock fluctuated 2.19% from a day low at $296.10 to a day high of $302.59. The price has risen in 6 of the last 10 days and is up by 5.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -69 thousand shares and in total, 1 million shares were bought and sold for approximately $418.58 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 77.92% during the next 3 months and, with a 90% probability hold a price between $507.26 and $568.98 at the end of this 3-month period.

Signals & Forecast

The DocuSign, Inc. stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $304.05. On a fall, the stock will find some support from the long-term average at approximately $283.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 months Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, July 23, 2021, and so far it has fallen -3.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

On the downside, the stock finds support just below today's level from accumulated volume at $274.43 and $240.97. There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DocuSign, Inc. finds support just below today's level at $274.43. If this is broken, then the next support from accumulated volume will be at $240.97 and $233.24.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $6.48 between high and low, or 2.19%. For the last week, the stock has had a daily average volatility of 2.76%.

Our recommended stop-loss: $283.56 (-4.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 day(s) ago.)

Is DocuSign, Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for DocuSign, Inc. stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.695

Predicted Opening Price for DocuSign, Inc. of Monday, August 2, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price August 2, 2021 Current price
$298.91 $298.04 (Undervalued)
Buy Candidate Upgraded

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Analyst Ratings

Piper Sandler is very positive about DOCU and gave it a "Overweight" rating on July 09, 2021. The price target was changed from $300.00 to $330.00. Over the last 30 days, this security got 1 buy, 0 sell, and 0 hold ratings.

Volatility
2.76 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $301.27
Price: $298.04
Support: $274.43

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 305.39 2.47 %
302.92 1.64 %
301.39 1.12 %
Current price: 298.04
Support 296.43 -0.54 %
294.90 -1.05 %
292.42 -1.88 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 308.00 3.34 %
302.81 1.60 %
301.27 1.08 %
Current price 298.04
Support 274.43 -7.92%
240.97 -19.15%
233.24 -21.74%

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