Stock Price Prediction

Technical Analysis: DOCU's current price at $87.29 shows bearish momentum with RSI-14 at 38.38 indicating oversold conditions. The stock is trading below its 5-day SMA ($88.61) and 10-day SMA ($91.72), suggesting short-term weakness.

Price Targets for Next Week:

• Support levels: $86.83 (Fibonacci S1), $83.55 (Fibonacci S2)
• Resistance levels: $97.45 (Fibonacci R1), $100.73 (Fibonacci R2)

Key Technical Indicators:

• MACD (-0.69) with negative histogram (-1.00) signals bearish momentum
• Bollinger Bands show price near lower band ($82.56), with middle band at $92.50
• Low Bollinger Band Percentage (0.24) indicates potential downside pressure

News Impact: Recent earnings projections show expected EPS of $0.84, representing 10.53% YoY growth, with revenue forecast of $759.96 million (+6.68% YoY). However, unchanged EPS estimates over the last month suggest neutral analyst sentiment.

Price Prediction for Next Week: Based on technical indicators and current market conditions, DOCU is expected to test support at $86.83 early in the week. If this level holds, a modest recovery towards $90-91 range is possible. However, breaking below $86.83 could lead to further decline to $83.55.

Recommendation: SELL

• Entry: Current price ($87.29)
• Target: $83.55
• Stop-loss: $89.50

The bearish recommendation is based on negative MACD momentum, price trading below key moving averages, and overall technical weakness. The stock's position near the lower Bollinger Band suggests potential for continued downside movement.