(DOCU) Technical Pivots with Risk Controls

March 19, 2024, 16:34 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DOCU

• Buy DOCU slightly over 52.15 target 61.25 stop loss @ 52 Details

The technical summary data tells us to buy DOCU near 52.15 with an upside target of 61.25. This data also tells us to set a stop loss @ 52 to protect against excessive loss in case the stock begins to move against the trade. 52.15 is the first level of support below 58.95 , and by rule, any test of support is a buy signal. In this case, support 52.15 is being tested, a buy signal would exist.

• Short DOCU slightly under 61.25, target 52.15, stop loss @ 61.43 Details

The technical summary data is suggesting a short of DOCU as it gets near 61.25 with a downside target of 52.15. We should have a stop loss in place at 61.43though. 61.25 is the first level of resistance above 58.95, and by rule, any test of resistance is a short signal. In this case, if resistance 61.25 is being tested, a short signal would exist.

Swing Trading Plans for DOCU

• Buy DOCU slightly over 61.25, target n/a, Stop Loss @ 61.07 Details

If 61.25 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 61.25, with an upside target of n/a. The data also tells us to set a stop loss @ 61.07 in case the stock turns against the trade. 61.25 is the first level of resistance above 58.95, and by rule, any break above resistance is a buy signal. In this case, 61.25, 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 61.25, target 57.49, Stop Loss @ 61.43. Details

The technical summary data is suggesting a short of DOCU if it tests 61.25 with a downside target of 57.49. We should have a stop loss in place at 61.43 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, 61.25, 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 61.25, target n/a, Stop Loss @ 61.11 Details

If 61.25 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 61.25, with an upside target of n/a. The data also tells us to set a stop loss @ 61.11 in case the stock turns against the trade. 61.25 is the first level of resistance above 58.95, and by rule, any break above resistance is a buy signal. In this case, 61.25, 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 61.25, target 57.79, Stop Loss @ 61.39. Details

The technical summary data is suggesting a short of DOCU if it tests 61.25 with a downside target of 57.79. We should have a stop loss in place at 61.39 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, 61.25, 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 March 19:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Neutral
P1	0	0	43.91
P2	56.48	57.49	52.15
P3	57.79	61.07	61.25

AI Generated Signals for DOCU

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The technical pivots for Docusign Inc. (NASDAQ: DOCU) help you determine how to trade, when to buy, when to sell, and how to control risk.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DOCU change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DOCU is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DOCU too.  All of these are offered below the Summary Table.