DOCUSIGN INC. - Weekly - Technical analysis published on 09/28/2020 (GMT)
- Who voted?
- 316
- 0
I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : Weekly
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
44%
22%
33%
My opinion
Bullish above 173.27 USD
My targets
227.68 USD (+7.21%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on DOCUSIGN INC. as long as the price remains well above 173.27 USD. The buyers” bullish objective is set at 227.68 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
6.8
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Mattkh. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
DOCUSIGN INC. rating 212.36 USD. Over 5 days, this instrument gained +3.58% and has been traded over the last 5 days between 199.33 USD and 213.11 USD. This implies that the 5 day price is +6.54% from its lowest point and -0.35% from its highest point.199.33
213.11
212.36
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DOCUSIGN INC.:
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Weekly of this DOCUSIGN INC. chart shows a strongly bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish price crossover with adaptative moving average 50
Type : Bearish
Timeframe : Weekly
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
Caution: the Central Indicators scanner currently detects an excess:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Weekly
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 43.83 | 68.31 | 91.49 | 212.36 | 227.68 |
Change (%) | -79.36% | -67.83% | -56.92% | - | +7.21% |
Change | -168.53 | -144.05 | -120.87 | - | +15.32 |
Level | Minor | Major | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 188.72 | 194.02 | 198.94 | 204.24 | 209.16 | 214.46 | 219.38 |
Camarilla | 201.04 | 201.98 | 202.91 | 203.85 | 204.79 | 205.72 | 206.66 |
Woodie | 188.52 | 193.93 | 198.74 | 204.15 | 208.96 | 214.37 | 219.18 |
Fibonacci | 194.02 | 197.93 | 200.34 | 204.24 | 208.15 | 210.56 | 214.46 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 165.92 | 176.57 | 185.71 | 196.36 | 205.50 | 216.15 | 225.29 |
Camarilla | 189.42 | 191.23 | 193.05 | 194.86 | 196.67 | 198.49 | 200.30 |
Woodie | 165.18 | 176.19 | 184.97 | 195.98 | 204.76 | 215.77 | 224.55 |
Fibonacci | 176.57 | 184.13 | 188.80 | 196.36 | 203.92 | 208.59 | 216.15 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 157.43 | 173.27 | 198.14 | 213.98 | 238.85 | 254.69 | 279.56 |
Camarilla | 211.81 | 215.54 | 219.27 | 223.00 | 226.73 | 230.46 | 234.20 |
Woodie | 161.94 | 175.53 | 202.65 | 216.24 | 243.36 | 256.95 | 284.07 |
Fibonacci | 173.27 | 188.83 | 198.43 | 213.98 | 229.54 | 239.14 | 254.69 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
RSI (14): | 68.03 | |
MACD (12,26,9): | 26.8100 | |
Directional Movement: | 31.39 | |
AROON (14): | 78.57 | |
DEMA (21): | 218.44 | |
Parabolic SAR (0,02-0,02-0,2): | 286.11 | |
Elder Ray (13): | 8.67 | |
Super Trend (3,10): | 165.60 | |
Zig ZAG (10): | 212.36 | |
VORTEX (21): | 1.1600 | |
Stochastique (14,3,5): | 36.79 | |
TEMA (21): | 224.01 | |
Williams %R (14): | -60.55 | |
Chande Momentum Oscillator (20): | 21.37 | |
Repulse (5,40,3): | 1.1900 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 3.3200 | |
Courbe Coppock: | 78.10 |
MA7: | 204.73 | |
MA20: | 214.34 | |
MA50: | 209.69 | |
MA100: | 182.26 | |
MAexp7: | 204.52 | |
MAexp20: | 181.81 | |
MAexp50: | 138.09 | |
MAexp100: | 104.78 | |
Price / MA7: | +3.73% | |
Price / MA20: | -0.92% | |
Price / MA50: | +1.27% | |
Price / MA100: | +16.51% | |
Price / MAexp7: | +3.83% | |
Price / MAexp20: | +16.80% | |
Price / MAexp50: | +53.78% | |
Price / MAexp100: | +102.67% |
Quotes :
2020-09-25 19:59:59
-
15 min delayed data
-
NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
Add a comment
Comments
0 comments on the analysis DOCUSIGN INC. - Weekly