DocuSign, Inc. (DOCU) stock price continued to decline in its latest intraday trading, amid the dominance of the main bearish trend in the short term. Negative signals continue to emerge from the Stochastic indicators after they previously reached deeply overbought levels. With its latest decline, the stock has broken below the support of its 50-day SMA, exposing it to additional negative pressure and increasing the likelihood of further weakness in the near term.

Therefore we expect the stock price to decline in its upcoming trading, as long as it remains below the $49.85 resistance level, targeting the key support level at $40.10.

Todays price forecast: Bearish.