DOCUSIGN INC TO WATCH FOR 4% UP TO 15% RETURNDOCUSIGN INC to watch for a potential 4% at $245 up to 15% RETURN at $270.
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DOCU trade ideas
Cup and handle, primed for a big moveA strong name recently that has consolidated over the past week and a half with some sharp moves up that were not held. A break should yield a large move. Major and minor fibs marked above.
DOCU consolidatingGood RSI. It is resisting the market uncertainty, and consolidating into a posible uptrend.
Docus already b4 Elliott Wave 3, abc limted by ConfluenceLooking on the chart in 1D, the leg down appears like an "a", so Docusign still could be in correction mode.
But the orange line is the highest Confluence Zone (for 1D), with its typical power to catch corrections from falling down
to regular exytensions. (As described in my confluence script) .
If you switch to 2h, you see that most of the downswing from 5 is an "a", probably of a zig zag - and the c wave is caught and chopped by the orange line.
So i guess that to 85% likeliness, the stock is already at the end of 2 - ready for 3, the next impulse up.
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 possibly forming a H&SNASDAQ:DOCU looks to be starting the formation of the right shoulder.
If we complete the formation, look to short under $187.
H&S invalidated when we close over $230.
$DOCU DocuSign rises on Upgrade
DOCU Makes a 2% move afterhours after getting initiated with a BUY rating and $290 price target from UBS.
Next major target is now $250. - $255 above which the chart opens up to $275.00
nice chart requestcould either see a big impulse and hit 300 within a couple weeks, or just continue on a small uptrend. either way calls should payout :) goodluck !
$DOCU - New Up Trend?I have been in and out of $DOCU the last couple of weeks. It's been a difficult hold. However, I'm looking to get back into this name on the long side if it can hold at least 2/3's of today's gain going into the close. It appears to me that we now have a series of higher highs and higher lows since the pullback. Ideas, not investing / trading advice.
DOCU first target 234, second one 238DocuSign is looking to reach first 234, which is pretty close based on the chart. The second target is 238.
Docusign could be ready to pop again It's stayed above the VWAP from the recent peak, is coming off a near-term volume shelf, and has a volume gap above which can let it potentially rip. Also staying on near-term trendline, not to mention overall covid-tech/stay-at-home stocks are rallying rn
$DOCU - Head & Shoulder - First Target - $210 & 200Forming H&S on smaller timeframe. Downside Targets are $210 & 200!
Good Luck.
DOCU Support and Resistance UpdateNASDAQ:DOCU has moved off 186 with strength and is now consolidating between 216.14 and 228.19. Break above or below this range would be bullish or bearish respectively.
$DOCU - Huge Head & Shoulder - First Target - $213$DOCU printing confirmation candle on Daily Timeframe of Right Shoulder of huge Head & Shoulder pattern.
Below are the Targets:
Target 1: $213
Target 2: $200
Target 3: $190
Good Luck.
DOCU - going back over 250? After Monday's gap higher open and sell off, the 60m support line held (white dotted line). RSI is moving towards 70.
This is a short term trade idea, for day trades this week, or use 10/16 expiry or later if you are holding overnight.
H&S Reversal Pattern on DOCU DocusignI would love to see other opinions on this. Do we have a H&S reversal on DOCU Docusign forming? I'm wondering if that head is too steep.
Thanks all
