DocuSign, Inc. (DOCU) declined in its latest intraday trading after the stock collided with resistance at its 50-day simple moving average, exposing it to renewed downside pressure reinforced by the dominance of the main medium- and short-term bearish trend, with the price moving alongside a descending trendline. However, we note the beginning of a positive crossover on the RSI indicators after the stock successfully relieved its overbought saturation, which may provide some positive momentum to help counter current selling pressure—though this remains limited as long as the stock holds below its existing resistance levels.

 

Therefore we expect the stock to decline in its upcoming trading, as long as the pivotal resistance at $72.35 remains intact, targeting the support level of $63.40.

 

Today’s price forecast: Neutral