DOCU
Stocks To Watch This WeekThe Bull Market is strong, but many stocks are extended and sentiment seems to be bullish. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 15 total stocks on this list. I also included 3 stocks with potential short squeeze opportunities. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance, grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Could DocuSign Finally Be Done w/ Its Months Long ConsolidationDocuSign has been consolidating within a $40 range since the beginner of August 2020. The stock price has broken above its resistance level of $230 three times since it reached this resistance level. Every time the stock has hit this ceiling it came back down to its support level of $190.
Now that the stock has broken its resistance level for the 4th time and has closed about it, could this be the end of the consolidation phase? Could the stock now be looking to start moving higher again?
If on Monday's session we can hold the line and close above resistance again, we may go to $252 and then possibly on to $270. And the old resistance will become our new support.
DOCU, Aroon Indicator entered an Uptrend on October 20, 2020Over the last three days, Tickeron A.I.dvisor has detected that DOCU's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 198 similar cases, 177 of which were successful. Based on this data, the odds of success are 89%. Current price $219.71 is above $215.68 the highest resistance line found by Tickeron A.I. Throughout the month of 09/18/20 - 10/20/20, the price experienced a +17% Uptrend, while the week of 10/13/20 - 10/20/20 shows a -4% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 25, 2020. You may want to consider a long position or call options on DOCU as a result. Tickeron A.I. detected that in 24 of 35 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 69%.
The Moving Average Convergence Divergence (MACD) for DOCU just turned positive on September 28, 2020. Looking at past instances where DOCU's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 25 cases over the following month. The odds of a continued upward trend are 80%.
DOCU moved above its 50-day Moving Average on September 25, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for DOCU crossed bullishly above the 50-day moving average on October 02, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 63%.
Following a +5.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where DOCU advanced for three days, in 143 of 164 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
$DOCU - Bearish Daily candle formed at Right shoulder of H&S $DOCU forming left shoulder of huge Head & Shoulder pattern with bearish candle formed at top of right shoulder and required a bearish candle for confirmation.
Awkward monthly candle & Oversold indicators and with the bearish pattern it isn't a investable stock anymore!
Good Luck.
$DOCU - Is this the End of DocuSign Rally? Huge H&S -Target $153$DOCU forming left shoulder of huge Head & Shoulder pattern where confirmation is required.
Awkward monthly candle & Oversold indicators and with the bearish pattern it isn't a investable stock anymore!
In 15 mins timeframe, forming H&S.
Good Luck.
DOCU Testing July LevelsAfter a break in trend and a push down NASDAQ:DOCU has shown a depletion in seller power after bouncing off July resistance level. Ended the day showing a Bull Hammer candle and a shift in momentum. Resistance and support based loosely on Fibonacci levels from start of trend, mostly on retests however. Gap fill is price target on upside.