DOCU trade ideas
Miss the entry point at 68 during the crisisTarget 105
COVID-19 increases the demand for remote working. But I feel it is something gonig on...
Trade Idea: Long $DOCU @ 90.10DOCU has been a relative strength name during this bear market. Since the bounce started, DOCU has broken out of a consolidation base and has since pulled back to the breakout area. This ticker has benefited from the COVID-19 and has not yet made a big up move. If we start to reject the breakout zone, DOCU could be setting up for a big move past 100.
Trigger @ 90.10
Stop Loss @ 86.40
Target @ 105
DOCU heading to $100
Lovely breakout today despite a terrible market.
Relative strength cant be ignored
$DOCU can rise in the next daysContextual immersion trading strategy idea.
DocuSign has a strong upward trend.
This and other conditions can cause a rise in the share price in the next days.
I saw it again and opened a long position from $90,22;
Information about take-profits and stop-loss will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
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Docusign Inc outperforming the market $docuEarnings beat has not been rewarded so far, this could be a big winner on any market stability
DocuSign (NASDAQ:DOCU) +7% reports Q4 beats with 38% Y/Y revenue growth. The company guides upside Q1 revenue of $280-284M (consensus: $275.73M) and FY21 revenue of $1.272-1.276B (consensus: $1.19B).
Q4 Billings grew 40% Y/Y to $366.9M.
Revenue breakdown: Subscription, $258.1M (consensus: $251M); Professional Services and Other, $16.8M (consensus: $14.6M).
Cash from operations totaled $45.5M with FCF of $15.5M.
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
DocuSign, Inc. Beats EarningsDocuSign (NASDAQ:DOCU) +7% reports Q4 beats with 38% Y/Y revenue growth. The company guides upside Q1 revenue of $280-284M (consensus: $275.73M) and FY21 revenue of $1.272-1.276B (consensus: $1.19B).
Q4 Billings grew 40% Y/Y to $366.9M.
Revenue breakdown: Subscription, $258.1M (consensus: $251M); Professional Services and Other, $16.8M (consensus: $14.6M).
Cash from operations totaled $45.5M with FCF of $15.5M.
Source seekingalpha
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
DOCU ACCUMULATION STRONGER THAN SPX & SPYNASDAQ:DOCU AMEX:SPY
DOCU - is stronger than Market and all last week down move didnt affect her on Worse Case
looks like Accumulation and following to join once Market will calm down
Friday end of day Stopping Action started in the market
will follow to see whats happening and will benefit with the stock
thanks
DOCU - weak downgrade callThis weak downgrade provided me an entry point for a few more shares.
Morgan Stanley downgrades DocuSign from Overweight to Equal Weight and raises the target from $67 to $76. The company has a Bullish average Sell Side rating.
The firm remains positive on DOCU's long-term prospects but sees the opportunities as priced in at the current valuation.
DOCU BULLISH PENNANTBuyers have broken upper trend line to make a bullish pennant pattern which is backed by volume
$DOCU Massive 17% swing afterhours in DocusignEarnings Details
DocuSign (NASDAQ:DOCU) slides 4.3% after hours following the upside Q3 report with a Q4 forecast that sees revenue above consensus at $263-267M.
For FY, DOCU sees revenue of $962-966M.
Q3 billings were up 36% Y/Y to $269.4M, beating the consensus by $1M.
Subscription revenue was up 41% to $238M, and professional services increased 28% to $11.4M.
Negative FCF was $14.1M versus the $4.3M loss in last year's quarter.
Short interest 9%
Company profile
DocuSign, Inc. provides cloud-based electronic signature solutions. Its cloud based electronic signature platform helps companies and individuals securely collect information, automate data workflows and sign anything. The firm automates manual, paper-based processes allowing users to manage all aspects of documented business transactions include identity management, authentication, digital signature, forms and data collection, collaboration, workflow automation and storage. DocuSign was founded by Thomas H. Gonser and Court Lorenzini in 2003 and is headquartered in San Francisco, CA.
Stock of the Week: DOCUBREAKOUT AFTER BACK UP ACTION SUGGEST COMPLETION OF ACCUMULATION AND FURTHER ADVANCE
Wyckoff Story
Long-term price structure of higher highs and higher lows suggest accumulation
Breakout in Phase D confirms accumulation
Absorption bar #1 and #2 has supply followed by successful tests
Absorption bar #2 has less supply than Absorption bar #1 and it happened at higher price confirming absorption story, bullish bias and timing
Relative strength got into uptrend
Trading Target
$36 count line +(27 boxes*3 reversal*$1 box size)=$117
Pattern Confirmation:
Continuation of rally
Long DOCU on bullish 60-day and 180-day EMA crossThe 60-day EMA has crossed above the 180-day EMA during an uptrend, which tends to be a very bullish indicator . The MACD also looks bullish but is signaling a potential stall to the rally or a partial pullback in the near-term. This has been confirmed by the start of Friday's trading.
Volume has been picking up, and mostly on the buy-side.
Previous resistance at 60.00 has now become support. Short-term traders can set a stop-loss at that point.
Almost every technical indicator you can find looks good for DOCU. So, even though some skepticism is healthy after such a huge rally, there’s not a very compelling argument to be made for fighting the trend here.
$DOCU Nice Flag... May be ready for another move higherLooks like a nice flag (more of a pennant) pattern on $DOCU. I'm looking for this to breakout to the upside. Also notice the declining volume so higher volume up or down is going to drive this one. I'm bullish but it can go either way... patience will pay-off here, no need to rush... Ideas, not investing advice.
