DocuSign, Inc.s stock price (DOCU) inched higher in latest intraday trading, amid the dominance of the downward correctional trend in the short term, with ongoing negative pressure due to trading below the 50-day SMA. Additionally, we notice a negative divergence forming on the Stochastic after reaching extremely overbought levels, exaggerated relative to the price movement, alongside emerging negative signals streaming from it.

Therefore we expect the stock to decline in upcoming trading, as long as the resistance of $84.65 holds on, targeting the support level of $73.90 in preparation for a breakdown.

Todays price forecast: Bearish