DOCUDocuSign have broke out of weekly chart trend. $55 act as dynamic support. It's bullish nature seems confirmed with more to come.
DOCU trade ideas
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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Stop loss on DOCUhello every one
you make consider stop loss and close some of your position if you already in a position
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Guidance Raised! - Achieved breakeven profitability on a GAAP basis
- Morningstar raised fair value to $74 (currently trading at 24% discount)to FV
-Trading at less than 6x forward gross profits
Watchlist 2023-06-09 $DOCU $INTC $SMTC AMEX:SPY getting ever so close to breaking out from the 430 level after a nasty fakeout below the 426 support. For a BO we can trust, the ideal situation would be to find some support off the open near 428 and then attempt a BO. We don't want this to go right off the open as it's less likely to succeed.
For further confirmation of a trend day, watch for:
USI:ADD pinned near +\-2000
USI:VOLD ratio over +/- 3
USI:TICK cumulating past 0 wicking to +/-900
NASDAQ:INTC - juicy technical break out over 31.50 with buyers aggressively stepping up at 30 . Lots of resistance at 31.50, and 33.80 but if chips can get moving INTC has room to move.
NASDAQ:DOCU - DocuSign Slightly Lifts Fiscal 2024 Revenue Guidance Following First-Quarter Beat. Need this to calm down after the open as it will be very spready, however, with squeezes stocks moving, and DOCU having positive news, this has a great opportunity to run if a base forms.
Support 64
Resistance 67
Inflection 62
NASDAQ:PDD - support test at 74 would be a buy.
NASDAQ:SMTC - buyers finally stepped up at 23. if we can show signs of strength and the bottom holds, plent of room to the upside after PD's profit taking off positive news.
Other Watches:
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DOCU options idea blue line is buy break
red line is sell break
green lines are tps
sls below the buy/sell breaks
DOCU Initiated positionIntiated a position on NASDAQ:DOCU . Over the coming days If price action and volume on higher level timeframe suggest resistance can be broken, I will consider to add to my position.
Docusign working down to low 40's up to the 70' by fallSo many wrong calls on this - stock has eaten my lunch. But...it is going to to the order block around 42$ IMO and will bounce from their. I bought 30 may 19 45 Puts for $1.01 and will sell off 75% of these at 42.00 approx 3.50/contract. Rest sell at $38.50 whch will be the bottom.
$DOCU with a bearish outlook following its earnings #StocksThe PEAD projected a bearish outlook for $DOCU after a negative under reaction following its earnings release placing the stock in drift D with an expected accuracy of 75%.
