Good R/R on DOCU hedged play.Just confirmed the trend touch
Good to enter with hedged call
Always hedge and manage your risk.
DOCU trade ideas
DOCU DocuSign Options Ahead of EarningsIf you haven't sold DOCU's speculative bubble:
Then analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 55usd strike price Calls with
an expiration date of 2024-3-15,
for a premium of approximately $1.73.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
DocuSign (NASDAQ: $DOCU) Stock Surges on Strong EarningsDocuSign (NASDAQ: NASDAQ:DOCU ) shares jumped more than 4 % in trading hours on Friday after the e-signature and document management company topped analysts’ quarterly estimates and issued better-than-expected current-quarter and full-year sales outlooks as customers increased their IT spend.
The San Francisco-based company posted fiscal 2024 fourth-quarter adjusted earnings of 76 per share on revenue of $712.4 million, whereas Wall Street had expected earnings of 65 cents a share on sales of $698.3 million.
Billings for the quarter, which ended Jan. 31, rose 13% from a year earlier to $833.1 million, entwining the company’s earlier guidance range of $756 million to $768 million. DocuSign ( NASDAQ:DOCU ) said closing several deals earlier than expected boosted billings during the period.
Looking ahead, the company projects revenue for the current quarter to range between $704 million and $708 million, with billings of $685 million to $695 million. The lower end of both metrics come in ahead of estimates pegged at $701 million and of $683 million, respectively.
For the 2025 fiscal year, DocuSign ( NASDAQ:DOCU ) expects revenue of between $2.92 billion and $2.93 billion, with the low-point of that band surpassing the Street expectation of $2.91 billion.
DocuSign's CEO Allan Thygesen said the better-than-expected quarterly results were driven by growth from both enterprise and small business customers, further adding that the company had observed improving IT spend versus previous quarters. Thygesen also noted that the company’s addition to Microsoft’s ( NASDAQ:MSFT ) Azure marketplace had helped it connect with large customers.
Technical Analysis
The DocuSign ( NASDAQ:DOCU ) share price has oscillated roughly within a 20-point range over the past 17 months to form clearly identifiable areas of support and resistance. Although the 50-day moving average crossed back above the 200-day moving average in early January to generate a golden cross signal, the price has remained rangebound with a moderate Relative Strength index (RSI) of 60.
Amid follow-through buying after the company’s strong earnings report, keep an eye on the trading range’s top trendline around $64.50 as a potential resistance area. If a breakout occurs, monitor a prior countertrend high near $77 as the next possible level of chart resistance.
DocuSign ( NASDAQ:DOCU ) shares gained 11.1% to $59.50 in after-hours trading Thursday but slid a little bit to $56.26 on Friday's trading session.
DOCU (4Mar24)Missed my initial entry on DOCU last week but we may have another shot at it as earnings is this week. I like this to the upside. Price target and entries are in the video.
RiskMastery's Breakout Stocks - DOCU EditionWelcome to RiskMastery's Breakout Stocks - Stocks with breakout potential.
In this edition, we'll be looking at NASDAQ:DOCU ...
I believe this code is at a point of potential volatility.
If price can hold above $51.51 ... Bullish potential may be unlocked.
My key upside targets include:
- $60.78 (Conservative)
- $72.21 (Medium)
- $88.61 (Aggressive)
If however price falls below $43.71 ... Bearish risk potential may be unlocked.
(My key risk targets - C, M,& A - are as noted on the chart)
Enjoy, and I look forward to being of further service into the future.
If you'd like to connect, feel free to reach out and comment below.
Mr RM | Risk Mastery
Disclaimer:
This post is intended for educational purposes only - Publicly available RiskMastery information & content is not intended to be financial advice in any shape or form. Please do your own research and seek advice from a licensed professional before acting on any of the information contained within this post. This post is not a solicitation or recommendation to buy, sell or hold any positions in any financial instrument. All demonstrated trades are merely incidental to the educational training RiskMastery aims to provide. You are solely responsible for your own investment and trading decisions, of which should be made only according to your own opinion, knowledge and experience. You should not rely on any of the information contained on this site or contained in any RiskMastery material on any website or platform. You assume the sole risk of any trade or investment you elect to make. RiskMastery and affiliates shall not be liable to you for any monetary losses or any other damages incurred directly or indirectly, from your use, reliance or reference of RiskMastery materials, content and educational information. Thank you for your understanding and cooperation - We look forward to working with you into the future to navigate the fine line of trading and investment success.
DOCU , a documents technology company is shown on a 4H chart here. It have added supply and demand zones showing resistance and
support. Price rose before and during earnings topped and fell in a shallow retracment and then
reversed again topping and has now trended down into a full retracement turning into a
"M" pattern. I added the retracement tool. On a lower time frame, price formed a bear flag
pattern which could signal bearish continuation is likely. On the other hand, the zero-lag
MACD indicator is bullish at its terminal portion with the lines heading up having crossed.
I see the Fib levels as the tie breaker. My trade plan is no trade right now. I will set alerts
for 54.25 and 48.25. A notification will be a signal that price is breaking out of the Fibonacci
zone. The trade will then be taken based on the direction of the break. I suspect that DOCU
could so sideways for a while but maybe not. General market momentum may push it to move.
I will patiently wait for the set up to declare itself in due time.
BIG Move possible @DOCU above 57.BIG Move possible @DOCU above 57. First resistance around 60 and then if it cross with volume, we can see 85-90.
DOCUDocuSign have broke out of weekly chart trend. $55 act as dynamic support. It's bullish nature seems confirmed with more to come.
DocuSign's Path to Profitability: A Milestone in the MakingShares of DocuSign (NASDAQ: NASDAQ:DOCU ) are up 13.7% after The Wall Street Journal reported the e-signature leader is exploring a potential sale.
Why DocuSign is exploring a sale
According to sources familiar with the situation, DocuSign is working with advisors to gauge interest in a potential sale of the company. The conversations remain in the early stages, and there are no guarantees a deal will be reached.
Any number of acquirers could be interested, though whether from the private equity space or publicly traded competitors like Adobe, which offers its own Acrobat Sign solution. Any deal would be substantial, given DocuSign's market cap at just over $13 billion as of this writing, potentially making it one of the largest leveraged buyouts in recent years.
DocuSign thrived during the pandemic as at-home work accelerated the transition to e-signature platforms. However, its shares have pulled back sharply from their late-2021 peak as top-line growth decelerated. Leading up to this news, DocuSign stock was roughly flat year to date in 2023.
Docu Future Outlook?
DocuSign has found solid financial footing in recent quarters. The company achieved better-than-expected 9% revenue growth in its latest quarter (announced last week), has steadily narrowed its losses in recent quarters, and remains on track to deliver its first-ever full-year profit this fiscal year.
That positive momentum could help DocuSign command a higher premium from prospective suitors.
DocuSign Shares Spike on Report Company is Exploring a SaleDocuSign shares rose as much as 15% and closed up 12% on Friday after the Wall Street Journal reported the e-signature software company tapped advisors about a possible sale.
Talks are still preliminary, the Journal reported, citing people familiar with the matter. A DocuSign representative didn’t immediately respond to a request for comment on the report.
After losing almost two-thirds of its value last year, DocuSign’s rebound this year has been less dramatic than many of its tech peers. The stock is up 16% in 2023, while the Nasdaq Composite has gained 41%. The company has a market cap of about $13 billion.
DocuSign went public in 2018 and saw business boom during the pandemic as demand soared for technology that allowed people to work together on documents remotely. But growth has slowed dramatically since the economy reopened, and competition remains from Adobe
and Dropbox A year ago, DocuSign hired former Google executive Allan Thygesen to replace Dan Springer as CEO. Layoffs followed days later.
The stock plummeted 22% on March 10, after the company said finance chief Cynthia Gaylor would leave and told investors to expect a single-digit quarterly revenue increase, down from growth above 50% during Covid.
Its worthy to note that NASDAQ:DOCU is trading above all its respective Moving Averages indicating a Bullish Bias or continuation of the present Trend.
Please sign here, sirWhat do you do when you can't figure out what the heck is going to happen next? You straddle, baby!
Earnings todays after the bell.
Last four stock moves post earnings...
Price Change % = -3.68% -2.5% -22.85% 12.37%
Per The Fly - Implied volatility suggests the market is anticipating a move near 7.7%, or $3.59, after results are released. Median move over the past eight quarters is 16.2%.
Let's go.
DOCU |DocuSign| Purchase zone from $ 18.5 and belowThe analysis of the instrument showed a possible adjustment to the level of 17.6 $
I suggest buying this security at the levels of 18.5 - 16.5 $
DOCU PRICE ACTION 26th SEP,2023Here is the price action for DOCU as demanded by a lot of people. Make sure not to long here.
SYMMETRICAL TRIANGLEThis triangle has broken to the downside but there is a support zone just below price.
If this zone breaks, it could spell more trouble for DOCU.
Earnings in December and short interest is just above 4%.
Spinning top at support so far today representing indecision for the time being.
Oversold on RSI and also oversold status is also represented by price being below the Bollinger Bands. Possible bounce as there is a lot of red on this chart.
Short if support is broken.
No recommendation.
"You will find that it is necessary to let things go; simply for the reason that they are heavy."
Roy T. Bennett
Is DocuSign Bottoming out?This is a Technical Analysis for DocuSign, Inc. (DOCU) on the 1 Week timeframe.
Our current price action is being squeezed by a Symmetrical Triangle.
We are currently testing SUPPORT on the Black trendline.
The space inside the triangle is tight. This move is getting very very close to playing out and may be in the process now.
If we break to the UPSIDE, our 1st target = BLACK Resistance line around $58-59
Our next target would be the RED Resistance line at around $67-68.
If we break to the DOWNSIDE, our 1st target = around $46
Our 2nd target = $41
Now whats more probable? Upside or Downside?
In my opinion, We move to the Downside.
Some evidence exists that i believe will support a downtrend.
Before i continue, i just want to add that Price declines should not be viewed as a negative thing. Its part of the normal nature of the markets. In this case, i think this decline would help support the next move Up in DOCU.
Especially noting that in my opinion, DOCU is trying to set a BOTTOM.
Now notice the RED arrow pointing down. This is my downside target ($41) and what i think will help DOCU's market structure.
If we hit this, it will indicate a DOUBLE BOTTOM formation, which would be a probable area for a bounce. This would also be a catalyst for momentum to enter for price to move towards "MAJOR RESISTANCE" level.
ANother clue that supports my downside targets, is the printing of the Gravestone Doji candle, week of June 5th. This is extremely BEARISH candle pattern. It may have not been priced in yet and we have yet to see the effects of this candle.
To see further signs of what is to come, lets look at the INDICATORS.
Firstly, RSI -> Notice how we are also in kind of a triangle pattern and that its getting tight for RSI as well. We need to see what it does next also, whether breaks to upside or downside. WHich ever direction, it will also coincide with the movements of price.
STOCH RSI -> shows momentum, we are currently in the process of printing a BEARISH cross. If its confirmed, then this could put momentum that pushes price DOWN
ADX -> Is another momentum indicator. Currently we are in this weak momentum zone. We have to watch the interations between GREEN and RED.
If RED moves ABOVE = BEARISH momentum -> this will support a price decline
If GREEN moves ABOVE = BULLISH MOMENTUM -> this will support a price increase
CONCLUSION:
We are in a tightening Triangle pattern, one directions got to give. Whether up or down is yet to be determined. However, my thoughts are leaning more towards a DECLINE. The gravestone doji candle, supports the idea of further decline and creating better market structure would also add to a decline. But a decline is not a bad thing, if we get one. It becomes probable for a DOUBLE BOTTOM and signs of a bottoming out of DOCU.
Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again.
If you have any questions, do reach out. Thank you again.
DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. When trading always spend majority of your time on risk management strategy.
DOCU- looking primedShowing some good price action and support from DOCU... Its also approaching end of the GANN Box (not shown here). I attempted to declutter the images a bit so as not to create confusion. DOCU has a chance to pull back some but not a lot IMO. The upside action and indicators are ready its just a matter of time. This top is just the intermediate top. With additional action we may go higher than this. Ill wait to see what develops before I signal higher.
DOCU DocuSign Options Ahead of EarningsIf you haven`t sold DOCU here:
or here:
Then analyzing the options chain and the chart patterns of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the 3.10usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $3.10.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DOCU Rocket RideDocusign has been accumulating here at monthly demand after taking a beating. We have a nice Bullflag pattern near the moving average. We are also getting really close to a positive crossing on the CCI. Combined with Earnings tonight. Could be an Explosive combination! Weather you like the stock or not, it's setting up really nice for an upside play.
Docusign - In Theory, A Long-term Technical MultibaggerDocusign has its earnings call tomorrow and is another one of those stocks like Disney, Paypal, and Target that's been low for a long time (I have calls linked below), everyone wants to get long on, but they don't go up.
The difference between the other three and Docusign is that Docusign may be undervalued at its $10 billion market cap and has significant tells in its price action that show it may be a multi-bagger long term.
It shows the most clearly on the monthly, as the $180 level that the November of 2021 dump took out was never retested or even attempted to be retested on any time frame.
This generally indicates that the market makers will take price back to this level. This is a notable development in light of the fact that price has been in a grinding chop and long accumulation for almost two years.
However, the monthly and weekly candles show no signs that accumulation is complete.
Namely, we are missing the "manipulation" stage of price action where lows are raided.
Considering my thesis on the Nasdaq and the SPX being very bearish this month is legitimate:
Nasdaq Futures - Are You Prepared For Red September?
and
SPX ES Futures - A Great Deal of Caution Is Advised
On the basis that the JPM Collar where America and the world's most significant bank is long 15,800 SPX 4,225 puts that expire September 29 and have never been in the money is meaningful, Docusign earnings tomorrow morning may be a vanguard dumpster fire.
The significant part of the Docusign price action is that the weekly bars show that even a pump to $60 or $61 is still bearish, and would follow in the footsteps of Disney and Target in being a market maker clowndunk on bulls.
I think the trade on this is to long a higher lows pattern forming at either $42 or $38, since that would give the entire trading range since the IPO a higher lows pattern, or wait until a scheduled market rebound in 2025 after Joe Biden is given his second term as President because Donald Trump died in prison for Xeeeeeeting about election fraud.
Either way, I think early bulls are going to get merked, but whoever can stay patient on this stock will pick up a multi-bagger.
But that multi-bagger may not be scheduled for years, and years away from now may simply be too far away to matter whatsoever.
The key problem with any long-term bull thesis on anything is the impending collapse of Xi Jinping's Chinese Communist Party, which has become ever more obvious from so many pieces of economic data, including reports that places like Shanghai are abnormally empty at the moment.
The persecution of Falun Gong launched by Xi's predecessor Chairman Jiang Zemin on July 20, 1999, has gone on for 24 years and even included the unprecedented sin of live organ harvesting against 100 million spiritual cultivators.
Although Xi has been executing the Jiang faction in droves since he came to power in 2013 under the Anti-Corruption Campaign for the persecution, and although Jiang died a few years ago, the persecution continues to this day.
Because Xi is the head of the CCP, he's culpable and responsible for everything the Specter of Communism has done in all of human history.
And so what we may see one day shortly is that Xi throws away the CCP during Beijing evening, which conveniently corresponds to right before Manhattan stock market opening.
The gaps down will be relentless, and will never come back. The bump and run reversal plan to scam the entire world out of trillions more dollars by the Party West International Rules Based Order U.S. Empire will be all for nothing, and everyone will run for their lives.
And on that basis, perhaps Docusign will never amount to anything, for those gaps are obviously there to be retraded to during the next pseudopandemic where you're supposed to stay in your house with the heat off, live on the Metaverse, work on Zoom, digital sign documents, and stay in your open air "15 Minute City" prisons.
Because everyone has been going to Shanghai and Tsinghua to swear Marxist vows, sing Marxist songs, and train the CCP's Zero-COVID Social Credit System for export in exchange for benefits.
Figuring it out isn't very hard. Believing in it isn't very hard. But too many people have made themselves fools.
Humanity, I hope you can walk out of the catastrophe. But in reality, not many will.
DOCUTrying to hold support at the bottom of the triangle. Earnings in about a month. Looking for a potential run up prior to earnings on Sept 8.
DOCU DocuSign Options Ahead of EarningsIf you haven`t sold DOCU here:
or here:
Then Analyzing the options chain of DOCU DocuSign prior to the earnings report this week,
I would consider purchasing the $57.50 strike price Puts with
an expiration date of 2023-6-16,
for a premium of approximately $4.30.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
DOCU-BEARISH SCENARIODocuSign recently published its most recent earnings report on June 8. In the first quarter of fiscal 2024, which concluded on April 30, the prominent e-signature services provider achieved a 12% year-over-year rise in revenue, totaling $661 million. This figure exceeded analysts' expectations by $20 million. Furthermore, its adjusted EPS experienced an 89% increase, amounting to $0.72, surpassing the consensus forecast by $0.16.
Despite these favorable outcomes, DocuSign's stock faced a decline subsequent to the earnings beat and remains more than 80% below its all-time high recorded in September 2021. As a result, the question arises as to whether investors should contemplate acquiring shares of this currently out-of-favor technology stock.
Following its initial public offering in 2018, DocuSign witnessed significant growth, particularly throughout fiscal 2021, driven by the accelerated adoption of digital signatures and contracts due to the pandemic. However, over the past two years, the company encountered challenges in sustaining its growth in billings and revenues. These obstacles include demanding year-over-year comparisons as the pandemic subsided in fiscal 2022, as well as macroeconomic factors like inflation and rising interest rates that hindered growth throughout fiscal 2023.
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