DocuSign Inc (DOCU)

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What does this all mean, you might ask.....Very early, but might be a bottom fish play....but I'm not a bottom fisherman.

DOCU (DocuSign, Inc.) broke a Double Top at 44.000 on 11/10/2022. DocuSign, Inc. is part of the DWA Software sector whose Bullish Percent Chart is in Bull Confirmed status at 32 % in a column of X's. DOCU is in a negative trend as it is trading below its bearish resistance line. The Relative Strength against the market is on a sell signal given on 12/03/2021 and the RS chart has been in a column of X's since 11/11/2022. The weekly momentum, an indication of short term strength or weakness, turned positive on 11/11/2022. The simple moving averages show the stock trading below its 200 day moving average and below its 50 day moving average. The relationship between the 50 day and the 200 day moving average shows the 50 day moving average below the 200 day. DOCU is trading -16.29% on the oversold side of the ten week trading band, the middle of this trading band is 53.02. The 30 day trading volume average is 4818203 shares.
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.