Docusign has only been public for a few months. During that time, we have seen this stock move up and down sharply, and now it appears ready to make another run higher. Notice the bullish crossover on the MACD indicator and the nice firm slope of the RSI. The stock enjoyed a recent volume surge, and it moved sharply higher.
The stock price is currently sitting in a “fat tail” position; I would like to see followthrough. Note the consolidation around the 20 ma, a normal corrective pattern that has brought it to higher lows on the chart. It sits only 8% below its all-time high, so it could exceed that level very soon.
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About Docusign
DocuSign, Inc. provides cloud based transaction products and services in the United States. The company offers e-signature solution that enables businesses to digitally prepare, execute, and act on agreements. It serves large enterprises, sole proprietorships, small- to medium-sized businesses, professionals, and individuals. The company was 2003 and is headquartered in San Francisco, California.
