Fib channel gives path to 255Taking a different approach with this one and seeing how accurate the fib channel will prove to be. Whether a fib channel or not, price has been traveling in this channel with some exceptions bottoming out or breaking out. Overlaying volume profile indicates its about to find a base over 228-230 and may make its next move from there.
DOCU trade ideas
Docus already b4 Elliott Wave 3, abc limted by ConfluenceLooking on the chart in 1D, the leg down appears like an "a", so Docusign still could be in correction mode.
But the orange line is the highest Confluence Zone (for 1D), with its typical power to catch corrections from falling down
to regular exytensions. (As described in my confluence script) .
If you switch to 2h, you see that most of the downswing from 5 is an "a", probably of a zig zag - and the c wave is caught and chopped by the orange line.
So i guess that to 85% likeliness, the stock is already at the end of 2 - ready for 3, the next impulse up.
DOCU, Aroon Indicator entered an Uptrend on October 20, 2020Over the last three days, Tickeron A.I.dvisor has detected that DOCU's AroonUp green line (see chart) is above 70, while the AroonDown red line is below 30. When the green line goes above 70 while the red line stays below 30, this is an indicator that the stock could be poised for a strong Uptrend. For traders, this could mean going long the stock or exploring call options in the next month. Tickeron A.I.dvisor backtested this indicator and found 198 similar cases, 177 of which were successful. Based on this data, the odds of success are 89%. Current price $219.71 is above $215.68 the highest resistance line found by Tickeron A.I. Throughout the month of 09/18/20 - 10/20/20, the price experienced a +17% Uptrend, while the week of 10/13/20 - 10/20/20 shows a -4% Downtrend.
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on September 25, 2020. You may want to consider a long position or call options on DOCU as a result. Tickeron A.I. detected that in 24 of 35 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 69%.
The Moving Average Convergence Divergence (MACD) for DOCU just turned positive on September 28, 2020. Looking at past instances where DOCU's MACD turned positive, the stock continued to rise, Tickeron A.I. shows that in 20 of 25 cases over the following month. The odds of a continued upward trend are 80%.
DOCU moved above its 50-day Moving Average on September 25, 2020 date and that indicates a change from a downward trend to an upward trend.
The 10-day Moving Average for DOCU crossed bullishly above the 50-day moving average on October 02, 2020. This indicates that the trend has shifted higher and could be considered a buy signal. Tickeron A.I. detected that in 5 of 8 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 63%.
Following a +5.59% 3-day Advance, the price is estimated to grow further. Considering data from situations where DOCU advanced for three days, in 143 of 164 cases, the price rose further within the following month. The odds of a continued upward trend are 87%.
$DOCU - New Up Trend?I have been in and out of $DOCU the last couple of weeks. It's been a difficult hold. However, I'm looking to get back into this name on the long side if it can hold at least 2/3's of today's gain going into the close. It appears to me that we now have a series of higher highs and higher lows since the pullback. Ideas, not investing / trading advice.