Daily Technical Analysis Of DocuSign Inc. - Monday, June 12

Today’s instrument is the DocuSign Inc.‘s stock traded in Nasdaq exchange under the ticker (DOCU). 

Freepik

Looking at the DOCU‘s chart, we can see that on Friday there was a significant price increase from around $58.50 to around $64.70 which was justified by the better-than-expected quarterly earnings and the raised outlook announced, but then it was lastly traded down at around $57. Today, we should expect it to stay above its support level which is located at around $54 with a possibility to test the resistance level at around $59.30.

AAATrade’s Intraday Technical Analysis of DocuSign Inc. - 12/06/2023

 


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