Londinia Opportunities Analyses - 03/25/2024 (GMT) DOCUSIGN INC. - 1H
- U.S. Stocks
- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
78%
11%
11%
My opinion
Bullish above 58.51 USD
My targets
59.48 USD (+1.09%)
62.44 USD (+6.12%)
My analysis
DOCUSIGN INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 58.51 USD. The next resistance located at 59.48 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 62.44 USD. After this resistance, buyers could then target 65.21 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
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
8.2
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Additional analysis
Quotes
The DOCUSIGN INC. price is 58.84 USD. The price registered an increase of +0.98% on the session with the lowest point at 57.74 USD and the highest point at 58.84 USD. The deviation from the price is +1.91% for the low point and 0% for the high point.57.74
58.84
58.84
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 HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of DOCUSIGN INC. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 14 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back over 0
Type : Bullish
Timeframe : 1 hour
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 52.78 | 56.77 | 58.51 | 58.84 | 59.48 | 65.21 | 180.16 |
| Change (%) | -10.30% | -3.52% | -0.56% | - | +1.09% | +10.83% | +206.19% |
| Change | -6.06 | -2.07 | -0.33 | - | +0.64 | +6.37 | +121.32 |
| Level | Major | Major | Minor | - | Intermediate | Intermediate | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 56.93 | 57.47 | 57.87 | 58.41 | 58.81 | 59.35 | 59.75 |
| Camarilla | 58.01 | 58.10 | 58.18 | 58.27 | 58.36 | 58.44 | 58.53 |
| Woodie | 56.86 | 57.44 | 57.80 | 58.38 | 58.74 | 59.32 | 59.68 |
| Fibonacci | 57.47 | 57.83 | 58.05 | 58.41 | 58.77 | 58.99 | 59.35 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 53.83 | 55.13 | 56.70 | 58.00 | 59.57 | 60.87 | 62.44 |
| Camarilla | 57.48 | 57.74 | 58.01 | 58.27 | 58.53 | 58.80 | 59.06 |
| Woodie | 53.97 | 55.20 | 56.84 | 58.07 | 59.71 | 60.94 | 62.58 |
| Fibonacci | 55.13 | 56.23 | 56.90 | 58.00 | 59.10 | 59.77 | 60.87 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 33.79 | 41.46 | 47.36 | 55.03 | 60.93 | 68.60 | 74.50 |
| Camarilla | 49.54 | 50.78 | 52.03 | 53.27 | 54.51 | 55.76 | 57.00 |
| Woodie | 32.92 | 41.02 | 46.49 | 54.59 | 60.06 | 68.16 | 73.63 |
| Fibonacci | 41.46 | 46.64 | 49.84 | 55.03 | 60.21 | 63.41 | 68.60 |
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): | 56.29 | |
| MACD (12,26,9): | 0.0800 | |
| Directional Movement: | 4.26 | |
| AROON (14): | -57.14 | |
| DEMA (21): | 58.57 | |
| Parabolic SAR (0,02-0,02-0,2): | 57.76 | |
| Elder Ray (13): | 0.29 | |
| Super Trend (3,10): | 57.55 | |
| Zig ZAG (10): | 58.76 | |
| VORTEX (21): | 1.0900 | |
| Stochastique (14,3,5): | 66.90 | |
| TEMA (21): | 58.51 | |
| Williams %R (14): | -23.90 | |
| Chande Momentum Oscillator (20): | 0.11 | |
| Repulse (5,40,3): | 0.9600 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0200 | |
| Courbe Coppock: | 0.78 |
| MA7: | 58.31 | |
| MA20: | 56.08 | |
| MA50: | 56.33 | |
| MA100: | 52.97 | |
| MAexp7: | 58.54 | |
| MAexp20: | 58.45 | |
| MAexp50: | 58.10 | |
| MAexp100: | 57.13 | |
| Price / MA7: | +0.91% | |
| Price / MA20: | +4.92% | |
| Price / MA50: | +4.46% | |
| Price / MA100: | +11.08% | |
| Price / MAexp7: | +0.51% | |
| Price / MAexp20: | +0.67% | |
| Price / MAexp50: | +1.27% | |
| Price / MAexp100: | +2.99% |
Quotes :
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15 min delayed data
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