RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DOCU
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DocuSign stock upgraded to Buy Candidate.
(Updated on Mar 28, 2024)

Buy candidate since Mar 28, 2024 PDF

The DocuSign stock price gained 0.472% on the last trading day (Thursday, 28th Mar 2024), rising from $59.27 to $59.55. During the last trading day the stock fluctuated 1.16% from a day low at $59.40 to a day high of $60.09. The price has risen in 6 of the last 10 days and is up by 3.64% over the past 2 weeks. Volume fell on the last day by -37 thousand shares and in total, 1 million shares were bought and sold for approximately $76.30 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $61.24 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.77% during the next 3 months and, with a 90% probability hold a price between $46.30 and $58.32 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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DOCU Signals & Forecast

The DocuSign stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $58.71 and $54.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, February 20, 2024, and so far it has risen 19.15%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for DocuSign stock

On the downside, the stock finds support just below today's level from accumulated volume at $55.97 and $53.21. There is a 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 finds support just below today's level at $55.97. If this is broken, then the next support from accumulated volume will be at $53.21 and $52.17.

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 $0.690 between high and low, or 1.16%. For the last week, the stock has had daily average volatility of 2.28%.

Our recommended stop-loss: $57.64 (-3.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (DOCU) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect DocuSign, Inc. to open at $59.68, and during the day (based on 14 day Average True Range), to move between $57.77 and $61.33, which gives a possible trading interval of +/-$1.78 (+/-2.99%) up or down from last closing price. If DocuSign, Inc. takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $61.35 (3.02%) than the support at $55.97 (6.01%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is DocuSign, Inc. stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 2.086 Buy Candidate Upgraded

Predicted Opening Price for DocuSign, Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$59.68 ( 0.218%) $59.55

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

Trading levels for DOCU

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 60.37 1.38 %
R2 60.11 0.93 %
R1 59.94 0.661 %
Current price: 59.55
Support S1 59.42 -0.224 %
S2 59.25 -0.498 %
S3 58.99 -0.94 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 63.55 6.72 %
R2 62.47 4.90 %
R1 61.35 3.02 %
Current price 59.55
Support S1 55.97 -6.01%
S2 53.21 -10.65%
S3 52.17 -12.39%

FAQ

What is the symbol for DocuSign Stock and on which exchange is it traded?
The symbol for DocuSign is DOCU and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell DocuSign Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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.

How to buy DocuSign Stock?
DocuSign Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DocuSign Stock.

What's the current price of DocuSign Stock?
As of the end of day on the 2024-03-28, the price of an DocuSign (DOCU) share was $59.55.

What is the 52-week high and low for DocuSign Stock?
The 52-week high for DocuSign Stock is $64.76 and the 52-week low is $38.11.

What is the market capitalization of DocuSign Stock?
As of the 2024-03-28, the market capitalization of DocuSign is 12.232B.

When is the next earnings date for DocuSign?
The upcoming earnings date for DocuSign is Jun 13, 2024.
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About DocuSign, Inc.

DocuSign DocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sa... DOCU Profile

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