DOCUSIGN INC. - Daily - Technical analysis published on 08/23/2022 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 69.62 USD
My targets
57.64 USD (-8.59%)
My analysis
The bearish trend is currently very strong for DOCUSIGN INC.. As long as the price remains below the resistance at 69.62 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 57.64 USD. The bearish momentum would be revived by a break in this support. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.6
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This analysis was given by AMIKOTUN. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOCUSIGN INC. rating is 63.06 USD. The price is lower by -4.34% since the last closing with the lowest point at 62.62 USD and the highest point at 64.67 USD. The deviation from the price is +0.70% for the low point and -2.49% for the high point.62.62
64.67
63.06
The Central Gaps scanner detects a bearish gap which is a sign that the sellers have taken the lead in the very short term.
Opening Gap DOWN
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of DOCUSIGN INC. in Daily shows a overall strongly bearish trend. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
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 oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 3
Type : Neutral
Timeframe : Daily
Aroon indicator bearish trend
Type : Bearish
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of triangle
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bearish signal that could support the hypothesis of a small drop in the very short term:
Downside gap
Type : Bearish
Timeframe : Daily
ProTrendLines
S1
R1
R2
R3
Price
| S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|
| ProTrendLines | 57.64 | 63.06 | 90.38 | 111.46 | 156.83 |
| Change (%) | -8.59% | - | +43.32% | +76.75% | +148.70% |
| Change | -5.42 | - | +27.32 | +48.40 | +93.77 |
| Level | Major | - | Minor | Minor | Intermediate |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 60.18 | 61.40 | 62.23 | 63.45 | 64.28 | 65.50 | 66.33 |
| Camarilla | 62.50 | 62.68 | 62.87 | 63.06 | 63.25 | 63.44 | 63.62 |
| Woodie | 59.99 | 61.30 | 62.04 | 63.35 | 64.09 | 65.40 | 66.14 |
| Fibonacci | 61.40 | 62.18 | 62.67 | 63.45 | 64.23 | 64.72 | 65.50 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.85 | 58.80 | 62.36 | 69.31 | 72.87 | 79.82 | 83.38 |
| Camarilla | 63.03 | 63.99 | 64.96 | 65.92 | 66.88 | 67.85 | 68.81 |
| Woodie | 50.16 | 57.95 | 60.67 | 68.46 | 71.18 | 78.97 | 81.69 |
| Fibonacci | 58.80 | 62.82 | 65.30 | 69.31 | 73.33 | 75.81 | 79.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 45.72 | 51.36 | 57.67 | 63.31 | 69.62 | 75.26 | 81.57 |
| Camarilla | 60.69 | 61.79 | 62.89 | 63.98 | 65.08 | 66.17 | 67.27 |
| Woodie | 46.06 | 51.53 | 58.01 | 63.48 | 69.96 | 75.43 | 81.91 |
| Fibonacci | 51.36 | 55.93 | 58.75 | 63.31 | 67.88 | 70.70 | 75.26 |
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): | 41.13 | |
| MACD (12,26,9): | 0.4700 | |
| Directional Movement: | -7.07 | |
| AROON (14): | -71.43 | |
| DEMA (21): | 69.95 | |
| Parabolic SAR (0,02-0,02-0,2): | 76.62 | |
| Elder Ray (13): | -5.68 | |
| Super Trend (3,10): | 74.96 | |
| Zig ZAG (10): | 63.06 | |
| VORTEX (21): | 0.9000 | |
| Stochastique (14,3,5): | 22.18 | |
| TEMA (21): | 70.55 | |
| Williams %R (14): | -96.99 | |
| Chande Momentum Oscillator (20): | -8.13 | |
| Repulse (5,40,3): | -5.1800 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.3400 | |
| Courbe Coppock: | 10.40 |
| MA7: | 70.33 | |
| MA20: | 69.22 | |
| MA50: | 65.44 | |
| MA100: | 76.44 | |
| MAexp7: | 68.48 | |
| MAexp20: | 69.06 | |
| MAexp50: | 70.11 | |
| MAexp100: | 82.43 | |
| Price / MA7: | -10.34% | |
| Price / MA20: | -8.90% | |
| Price / MA50: | -3.64% | |
| Price / MA100: | -17.50% | |
| Price / MAexp7: | -7.91% | |
| Price / MAexp20: | -8.69% | |
| Price / MAexp50: | -10.06% | |
| Price / MAexp100: | -23.50% |
Quotes :
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15 min delayed data
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NASDAQ Stocks
This member declared not having a position on this financial instrument or a related financial instrument.
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