DOCUSIGN INC. - Daily - Technical analysis published on 11/26/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
83%
0%
17%
My opinion
Bullish above 68.45 USD
My targets
73.11 USD (+2.25%)
78.05 USD (+9.16%)
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 68.45 USD. The buyers” bullish objective is set at 73.11 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 78.05 USD. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
8.8
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DOCUSIGN INC. rating is 71.50 USD. The price has increased by +0.53% since the last closing with the lowest point at 71.26 USD and the highest point at 73.22 USD. The deviation from the price is +0.34% for the low point and -2.35% for the high point.71.26
73.22
71.50
The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DOCUSIGN INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
In fact, 15 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : Daily
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 54.75 | 62.83 | 68.45 | 71.50 |
| Change (%) | -23.43% | -12.13% | -4.27% | - |
| Change | -16.75 | -8.67 | -3.05 | - |
| Level | Major | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 67.82 | 68.55 | 69.84 | 70.57 | 71.86 | 72.59 | 73.88 |
| Camarilla | 70.57 | 70.75 | 70.94 | 71.12 | 71.31 | 71.49 | 71.68 |
| Woodie | 68.09 | 68.69 | 70.11 | 70.71 | 72.13 | 72.73 | 74.15 |
| Fibonacci | 68.55 | 69.33 | 69.80 | 70.57 | 71.35 | 71.82 | 72.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 61.79 | 63.81 | 67.47 | 69.48 | 73.14 | 75.16 | 78.81 |
| Camarilla | 69.56 | 70.08 | 70.60 | 71.12 | 71.64 | 72.16 | 72.68 |
| Woodie | 62.61 | 64.22 | 68.28 | 69.89 | 73.96 | 75.56 | 79.63 |
| Fibonacci | 63.81 | 65.98 | 67.32 | 69.48 | 71.65 | 72.99 | 75.16 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 52.85 | 56.31 | 61.25 | 64.71 | 69.65 | 73.11 | 78.05 |
| Camarilla | 63.88 | 64.65 | 65.42 | 66.19 | 66.96 | 67.73 | 68.50 |
| Woodie | 53.59 | 56.68 | 61.99 | 65.08 | 70.39 | 73.48 | 78.79 |
| Fibonacci | 56.31 | 59.52 | 61.50 | 64.71 | 67.92 | 69.90 | 73.11 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 69.75 | |
| MACD (12,26,9): | 1.4700 | |
| Directional Movement: | 18.54 | |
| AROON (14): | 92.86 | |
| DEMA (21): | 69.59 | |
| Parabolic SAR (0,02-0,02-0,2): | 65.88 | |
| Elder Ray (13): | 3.80 | |
| Super Trend (3,10): | 66.22 | |
| Zig ZAG (10): | 71.50 | |
| VORTEX (21): | 1.1200 | |
| Stochastique (14,3,5): | 84.69 | |
| TEMA (21): | 69.55 | |
| Williams %R (14): | -19.18 | |
| Chande Momentum Oscillator (20): | 6.09 | |
| Repulse (5,40,3): | 0.4600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 7.75 |
| MA7: | 68.78 | |
| MA20: | 67.51 | |
| MA50: | 65.50 | |
| MA100: | 57.94 | |
| MAexp7: | 69.41 | |
| MAexp20: | 67.70 | |
| MAexp50: | 64.53 | |
| MAexp100: | 60.52 | |
| Price / MA7: | +3.95% | |
| Price / MA20: | +5.91% | |
| Price / MA50: | +9.16% | |
| Price / MA100: | +23.40% | |
| Price / MAexp7: | +3.01% | |
| Price / MAexp20: | +5.61% | |
| Price / MAexp50: | +10.80% | |
| Price / MAexp100: | +18.14% |
This member declared not having a position on this financial instrument or a related financial instrument.
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