How the (DOCU) price action is used to our Advantage
July 18, 2024, 20:16 pm ET, BY Billy- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOCU
- Buy DOCU slightly over 50.84 target 58.33 stop loss @ 50.69 Details
The technical summary data tells us to buy DOCU near 50.84 with an upside target of 58.33. This data also tells us to set a stop loss @ 50.69 to protect against excessive loss in case the stock begins to move against the trade. 50.84 is the first level of support below 54.59 , and by rule, any test of support is a buy signal. In this case, support 50.84 would be being tested, so a buy signal would exist.
- Short DOCU slightly under 58.33, target 50.84, stop loss @ 58.5 Details
The technical summary data is suggesting a short of DOCU as it gets near 58.33 with a downside target of 50.84. We should have a stop loss in place at 58.5though. 58.33 is the first level of resistance above 54.59, and by rule, any test of resistance is a short signal. In this case, if resistance 58.33 is being tested, so a short signal would exist.
Swing Trading Plans for DOCU
- Buy DOCU slightly over 55.05, target 57.94, Stop Loss @ 54.89 Details
If 55.05 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 55.05, with an upside target of 57.94. The data also tells us to set a stop loss @ 54.89 in case the stock turns against the trade. 55.05 is the first level of resistance above 54.59, and by rule, any break above resistance is a buy signal. In this case, 55.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOCU slightly near 55.05, target 50.84, Stop Loss @ 55.21. Details
The technical summary data is suggesting a short of DOCU if it tests 55.05 with a downside target of 50.84. We should have a stop loss in place at 55.21 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 55.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for DOCU
- Buy DOCU slightly over 55.05, target 55.36, Stop Loss @ 54.92 Details
If 55.05 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 55.05, with an upside target of 55.36. The data also tells us to set a stop loss @ 54.92 in case the stock turns against the trade. 55.05 is the first level of resistance above 54.59, and by rule, any break above resistance is a buy signal. In this case, 55.05, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short DOCU slightly near 55.05, target 50.84, Stop Loss @ 55.18. Details
The technical summary data is suggesting a short of DOCU if it tests 55.05 with a downside target of 50.84. We should have a stop loss in place at 55.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 55.05, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Docusign Inc. (DOCU) available here: DOCU.
DOCU Ratings for July 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
50.84 |
| P2 |
55.36 |
55.05 |
58.33 |
| P3 |
56.7 |
57.94 |
66.46 |
AI Generated Signals for DOCU
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Docusign Inc. (NASDAQ: DOCU) data table below can help you with price action, and we have more details too. Trading plans for DOCU are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DOCU:
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