Volatility Contraction Sets Up DOCU Move Near $69.97
NeutralDocuSign Inc (DOCU) closed up 0.48% at $69.97 on December 29.
Technical indicators paint a bullish picture:
Moving Averages
Price trades above the 9-day EMA ($69.42) with a bullish stack. The 21-day EMA at $69.11 provides support.
Momentum
RSI at 57.9 is in neutral territory. MACD is bullish (0.33 vs signal 0.18).
Volatility
Stock has been in a TTM Squeeze for 7 days, indicating compressed volatility and potential for a significant move.