DocuSign $68, Hertz $8.20, Morgan Stanley $100: Key Stock Charts to Watch in 2025

Stay informed on essential technical levels for DOCU, HTZ, and MS stocks this Friday.

Highlights to Watch

• DocuSign is approaching a golden cross, signaling a potential new upward trend.
• Hertz shares have fallen below their 50-day moving average, suggesting a revisit of last year’s lows near $8.20.
• Morgan Stanley’s price slipped below a pennant pattern but may find support from a trendline connecting key swing highs.

Here’s a focused analysis of three stocks influenced by recent news, highlighting vital technical points for investors.

DocuSign, Inc. ($68 Target) - 2024

Shares of DocuSign surged over 9% recently following reports that Bain Capital and Hellman & Friedman are in advanced talks to acquire the company. This potential leveraged buyout, valued around $12.5 billion, could close in the upcoming weeks. Notably, Blackstone Inc. exited the bidding process earlier.

Technically, DOCU broke out of a descending channel in early December and has maintained an upward trajectory. The 50-day moving average is on the verge of crossing above the 200-day moving average, forming a golden cross—a bullish indicator often signaling a new uptrend. Investors should monitor the $68 level closely, as it corresponds with resistance from the February 2023 high.

Hertz Global Holdings, Inc. ($8.20 Support) - 2024

Hertz shares declined 4.3% after the company announced plans to reduce its electric vehicle fleet due to weakening demand and rising repair expenses. Hertz intends to sell about 20,000 EVs by 2025, reallocating funds to traditional fuel-powered vehicles. This marks a strategic shift from its earlier goal of electrifying 25% of its fleet this year.

From a technical standpoint, HTZ has been trending downward since a death cross appeared in September 2023. The recent rally faltered, with the stock closing below its 50-day moving average. If the decline continues, watch for price action near the $8.20 level, last year’s low. A sustained drop with volume could extend the downtrend, while a bounce might signal a double bottom forming.

Morgan Stanley ($100 Resistance) - 2024

Morgan Stanley shares dipped 1.1% following reports that the bank is nearing a settlement over a probe involving market-moving stock trades. The anticipated penalty ranges between $200 million and $300 million, potentially avoiding criminal charges. The investigation centers on whether Morgan Stanley engaged in trading with non-public information during block trades.

Technically, MS has rebounded strongly since falling below $70 in late 2023, now trading above both the 50- and 200-day moving averages. Despite breaking below a pennant pattern recently, the stock may find support near $88.50, aligned with a trendline connecting February and July highs. The $100 level remains a critical resistance point to watch for future upside.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. The author holds no positions in the securities mentioned.

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