DOCU Reaches Deeply Oversold Levels at $42.85
DocuSign Inc (DOCU) advanced 2.64%, ending the session at $42.85 on February 25.
Technical indicators paint a mixed picture:
Momentum
RSI at 29.3 is depressed in oversold territory, where bounces often originate. MACD is bullish (-4.39 vs signal -4.59).
Moving Averages
Moving averages are stacked bearishly—price below the 9-day at $44.37, resistance at 21-day ($48.08).
Volatility
Bollinger Band width at 35.3% indicates normal volatility.
Despite the bearish EMA structure, oversold RSI suggests patient buyers may find opportunity near $38.99.
Key levels to watch: Support at $38.99, Resistance at $55.69.
