How the price action of Docusign Inc. Common Stock ($DOCU) is used to our Advantage
September 16, 2023, 23:00 pm ET, BY THOMAS KEE- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DOCU
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short DOCU slightly under 46.72, target n/a, stop loss @ 46.85 Details
The technical summary data is suggesting a short of DOCU as it gets near 46.72, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 46.85. 46.72 is the first level of resistance above 43.95, and by rule, any test of resistance is a short signal. In this case, if resistance 46.72 is being tested, so a short signal would exist.
Swing Trading Plans for DOCU
- Buy DOCU slightly over 46.72, target 47.63, Stop Loss @ 46.59 Details
If 46.72 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 46.72, with an upside target of 47.63. The data also tells us to set a stop loss @ 46.59 in case the stock turns against the trade. 46.72 is the first level of resistance above 43.95, and by rule, any break above resistance is a buy signal. In this case, 46.72, 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 46.72, target n/a, Stop Loss @ 46.85. Details
The technical summary data is suggesting a short of DOCU if it tests 46.72 with a downside target of n/a. We should have a stop loss in place at 46.85 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, 46.72, 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 44.75, target 46.72, Stop Loss @ 44.65 Details
If 44.75 begins to break higher, the technical summary data tells us to buy DOCU just slightly over 44.75, with an upside target of 46.72. The data also tells us to set a stop loss @ 44.65 in case the stock turns against the trade. 44.75 is the first level of resistance above 43.95, and by rule, any break above resistance is a buy signal. In this case, 44.75, 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 44.75, target n/a, Stop Loss @ 44.85. Details
The technical summary data is suggesting a short of DOCU if it tests 44.75 with a downside target of n/a. We should have a stop loss in place at 44.85 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, 44.75, 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. Common Stock (DOCU) available here: DOCU.
DOCU Ratings for September 16:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Neutral |
| P1 |
0 |
0 |
46.72 |
| P2 |
44.75 |
47.63 |
53.29 |
| P3 |
47.29 |
52.79 |
60.59 |
AI Generated Signals for DOCU
Blue = Current Price
Red= Resistance
Green = Support
Real Time Updates for Repeat Institutional Readers:
Instructions:Click the Get Real Time Updates button below.
In the login prompt, select forgot username
Type the email you use for Factset
Use the user/pass you receive to login
You will have 24/7 access to real time updates.
From then on you can just click to get the real time update whenever you want.
GET REAL TIME UPDATES
Our Market Crash Leading Indicator isEvitar Corte.
Evitar Corte warned of market crash risk four times since 2000.
It identified the Internet Debacle before it happened.
It identified the Credit Crisis before it happened.
It identified the Corona Crash too.
See what Evitar Corte is Saying Now.
Get Notified When our Ratings Change:Take a Trial
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. Common Stock (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:
pool ads
